Vail, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Vail Neighborhoods Since 2000




Vail, CO Real Estate Data


Vail Housing Market Information

With a population of 5,461, 2,451 total housing units (homes and apartments), and a median house value of $689,679, 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 51.13% of the town's housing units. Other types of housing that are prevalent in Vail include row houses and other attached homes ( 25.33%), single-family detached homes ( 13.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.47%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

The most prevalent building size and type in Vail are three and four bedroom dwellings. The town has a mixture of owners and renters, with 54.23% owning and 45.77% renting.

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 1940-1969 ( 10.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.51%).

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

Vail's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Vail during the period has been just -0.70%, which is lower than 70% of US communities.

Appreciation rates are so strong in Vail that despite a nationwide downturn in the housing market, Vail real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vail appreciation rates continue to be some of the highest in America, at 6.39%, which is higher than appreciation rates in 78.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vail. Vail appreciation rates in the latest quarter were at 1.31%, which equates to an annual appreciation rate of 5.34%.

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

Average Home Values

 

Median Home Value:
$689,679

Vail, CO HOME PRICES

Value Range
> $1,139,000 22.9
$855,001 - $1,139,000 19.1
$569,001 - $855,000 13.1
$455,001 - $569,000 10.5
$342,001 - $455,000 6.0
$228,001 - $342,000 15.2
$114,001 - $228,000 12.0
$57,001 - $114,000 0.7
$0 - $57,000 0.7

Very High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
2.89277976225332 6.11353711790393

Number Of Homes And Apartments:
2,451

Rent & Ownership

 

Average Market Rent:
$1,546 / per month

Homeownership Rate

Homeownership
Owners 54.23
Renters 45.77
Vacant 66.00

Housing Market Details

 

Age of Homes

AGE OF Vail HOMES
2000 or Newer 10.5
1970 - 1999 78.6
1940 - 1969 10.7
1939 or Older 0.2

Types of Homes

TYPE OF Vail HOMES
Single-Family 13.5
Townhomes 25.3
Small Apt. Buildings 9.5
Apt. Complexes 51.1
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Vail HOMES
No Bedroom 2.90
1 Bedroom 11.82
2 Bedrooms 31.39
3 Bedrooms 34.71
4 Bedrooms 11.50
5 or more bedrooms 7.68

Vail Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
22.94% 1.22% 1 2
* 10 is highest

Zip Codes in Vail, CO