Trinidad, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Trinidad Neighborhoods Since 2000




Trinidad, 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

Trinidad Housing Market Information

With 8,153 people, 3,479 houses or apartments, and a median cost of homes of $149,749, Trinidad real estate values are some of the lowest in Colorado, although compared to real estate around the nation, Trinidad homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Trinidad, accounting for 72.77% of the city's housing units. Other types of housing that are prevalent in Trinidad include large apartment complexes or high rise apartments ( 10.22%), duplexes, homes converted to apartments or other small apartment buildings ( 8.47%), and a few mobile homes or trailers ( 4.66%).

The most prevalent building size and type in Trinidad are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.58% owning and 41.42% renting.

The housing in Trinidad was primarily built before 1939 ( 37.51%), making the housing stock in Trinidad some of the oldest overall in America, although there is a range of ages of homes in Trinidad. The next most important housing age is between 1970-1999 ( 29.80%), followed by between 1940-1969 ( 26.08%). There's also some housing in Trinidad built between 2000 and later ( 6.61%).

Vacant housing appears to be an issue in Trinidad. Fully 20.13% of the housing stock is classified as vacant. Left unchecked, vacant Trinidad homes and apartments can be a drag on the real estate market, holding Trinidad real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Trinidad Home Appreciation Rates

Real estate appreciation rates in Trinidad's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

NeighborhoodScout's data show that during the latest twelve months, Trinidad's appreciation rate, at 5.41%, has been at or slightly above the national average. In the latest quarter, Trinidad's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Trinidad differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Trinidad - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Trinidad real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$149,749

Trinidad, CO HOME PRICES

Value Range
> $1,107,000 0.2
$831,001 - $1,107,000 0.0
$554,001 - $831,000 1.5
$443,001 - $554,000 1.6
$332,001 - $443,000 5.7
$222,001 - $332,000 11.3
$111,001 - $222,000 43.0
$56,001 - $111,000 25.4
$0 - $56,000 11.4

Very Low for CO
Average for Nation

Value Relative to Nation Value Relative to State
50.1171920778155 83.1877729257642

Number Of Homes And Apartments:
3,479

Trinidad 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
26.45% 1.37% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,046 / per month

Homeownership Rate

Homeownership
Owners 58.58
Renters 41.42
Vacant 20.13

Housing Market Details

 

Age of Homes

AGE OF Trinidad HOMES
2000 or Newer 6.6
1970 - 1999 29.8
1940 - 1969 26.1
1939 or Older 37.5

Types of Homes

TYPE OF Trinidad HOMES
Single-Family 72.8
Townhomes 3.9
Small Apt. Buildings 8.5
Apt. Complexes 10.2
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Trinidad HOMES
No Bedroom 2.43
1 Bedroom 10.93
2 Bedrooms 31.34
3 Bedrooms 39.83
4 Bedrooms 11.85
5 or more bedrooms 3.63

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Zip Codes in Trinidad, CO