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 about Scout's Real Estate Data
With a population of 4,636, 2,370 total housing units (homes and apartments), and a median house value of $2,335,711, 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.
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 109.33%, which ranks in the top 30% nationwide. This equates to an annual average Vail house appreciation rate of 7.67%.
Over the last year, Vail appreciation rates have trailed the rest of the nation. In the last twelve months, Vail's appreciation rate has been 5.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vail were at 1.08%, which equates to an annual appreciation rate of 4.39%.
Relative to Colorado, our data show that Vail's latest annual appreciation rate is lower than 50% of the other cities and towns in Colorado.
$2,335,711
for Colorado
for nation
2,370
$2,383 / per month