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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Trinidad HOMES|
|2000 or Newer||6.6|
|1970 - 1999||29.8|
|1940 - 1969||26.1|
|1939 or Older||37.5|
|TYPE OF Trinidad HOMES|
|Small Apt. Buildings||8.5|
|SIZE OF Trinidad HOMES|
|5 or more bedrooms||3.63|