Superior, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Superior Neighborhoods Since 2000




Superior, CO Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Superior Housing Market Information

With a population of 12,980, 4,395 total housing units (homes and apartments), and a median house value of $609,683, Superior house prices are not only among the most expensive in Colorado, Superior real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Superior, accounting for 61.83% of the town's housing units. Other types of housing that are prevalent in Superior include large apartment complexes or high rise apartments ( 20.57%), duplexes, homes converted to apartments or other small apartment buildings ( 9.07%), and a few row houses and other attached homes ( 7.93%).

The most prevalent building size and type in Superior are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.09% owning and 36.91% renting.

There is a lot of housing in Superior built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Superior built between 2000 and later ( 25.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.66%).

Superior Home Appreciation Rates

In the last 10 years, Superior has experienced some of the highest home appreciation rates of any community in the nation. Superior real estate appreciated 60.00% over the last ten years, which is an average annual home appreciation rate of 4.81%, putting Superior in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Superior definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Superior that despite a nationwide downturn in the housing market, Superior real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Superior appreciation rates continue to be some of the highest in America, at 10.70%, which is higher than appreciation rates in 95.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Superior. Superior appreciation rates in the latest quarter were at 3.03%, which equates to an annual appreciation rate of 12.69%.

Importantly, this makes Superior one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Colorado, our data show that Superior's latest annual appreciation rate is higher than 70% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$609,683

Superior, CO HOME PRICES

Value Range
> $1,382,000 0.9
$1,037,001 - $1,382,000 3.5
$691,001 - $1,037,000 32.6
$553,001 - $691,000 22.0
$415,001 - $553,000 25.2
$276,001 - $415,000 13.2
$138,001 - $276,000 2.6
$69,001 - $138,000 0.0
$0 - $69,000 0.1

Very High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
3.77944450955115 9.1703056768559

Number Of Homes And Apartments:
4,395

Superior Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
94.24% 3.92% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,390 / per month

Homeownership Rate

Homeownership
Owners 63.09
Renters 36.91
Vacant 5.06

Housing Market Details

 

Age of Homes

AGE OF Superior HOMES
2000 or Newer 25.4
1970 - 1999 71.9
1940 - 1969 2.7
1939 or Older 0.0

Types of Homes

TYPE OF Superior HOMES
Single-Family 61.8
Townhomes 7.9
Small Apt. Buildings 9.1
Apt. Complexes 20.6
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Superior HOMES
No Bedroom 1.77
1 Bedroom 10.24
2 Bedrooms 21.26
3 Bedrooms 22.45
4 Bedrooms 26.55
5 or more bedrooms 17.74