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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Vail, CO Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Vail, CO Housing Market Trends

With 4,636 people, 2,370 houses or apartments, and a median cost of homes of $2,323,565, Vail house prices are not only among the most expensive in Colorado, Vail real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Vail, accounting for 56.49% of the town's housing units. Other types of housing that are prevalent in Vail include row houses and other attached homes ( 16.85%), single-family detached homes ( 15.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.28%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Dwellings in Vail tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.58% of the homes in Vail have two or fewer bedrooms.

There is a lot of housing in Vail 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 Vail built between 2000 and later ( 13.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.06%).

A decent proportion of the Vail housing stock is seasonally occupied. That is, homes and condos in Vail are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Vail housing market speaks to its popularity as a vacation location of choice.

Vail Home Appreciation Rates

Appreciation rates for homes in Vail have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.36%, which ranks in the top 30% nationwide. This equates to an annual average Vail house appreciation rate of 7.67%.

NeighborhoodScout's data show that during the latest twelve months, Vail's appreciation rate, at 5.06%, has been at or slightly above the national average. In the latest quarter, Vail's appreciation rate has been 2.53%, which annualizes to a rate of 10.51%.

Importantly, this makes Vail 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 Vail's latest annual appreciation rate is higher than 70% of the other cities and towns in Colorado.

Average Home Values

Median Home Value

$2,323,565

Vail, CO Home Prices
> $1,010,000
$758,001 - $1,010,000
$505,001 - $758,000
$404,001 - $505,000
$303,001 - $404,000
$202,001 - $303,000
$101,001 - $202,000
$50,001 - $101,000
$0 - $50,000
42.4%
42.4%
12.0%
12.0%
21.3%
21.3%
12.9%
12.9%
5.7%
5.7%
3.5%
3.5%
0.5%
0.5%
0.6%
0.6%
1.0%
1.0%
0% 100.0%
% of Homes
Very High

for Colorado

Very High

for nation

Number of Homes And Apartments:

2,370

Vail Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,402 / per month

Homeownership Rate

Owners
Renters
68.9%
68.9%
31.1%
31.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
67.1%
67.1%
32.9%
32.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.2%
13.2%
78.5%
78.5%
8.1%
8.1%
0.3%
0.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
15.1%
15.1%
16.8%
16.8%
11.3%
11.3%
56.5%
56.5%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.4%
5.4%
13.5%
13.5%
30.7%
30.7%
28.9%
28.9%
13.5%
13.5%
8.0%
8.0%
0% 100.0%
% of Homes

Zip Codes in Vail, CO