Wellington, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wellington, 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

Wellington Housing Market Information

With 7,807 people, 2,313 houses or apartments, and a median cost of homes of $292,975, Wellington real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wellington, accounting for 94.56% of the town's housing units. Other types of housing that are prevalent in Wellington include large apartment complexes or high rise apartments ( 3.42%), row houses and other attached homes ( 1.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wellington. Owner-occupied housing accounts for 84.91% of Wellington's homes, and 75.35% have either three or four bedrooms, which is average sized relative to America.

Wellington homes and real estate are some of the newest in America. 59.73% of Wellington's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Wellington real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.52%), and before 1939 ( 2.97%).

Wellington Home Appreciation Rates

In the last 10 years, Wellington has experienced some of the highest home appreciation rates of any community in the nation. Wellington real estate appreciated 31.61% over the last ten years, which is an average annual home appreciation rate of 2.78%, putting Wellington in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wellington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Wellington that despite a nationwide downturn in the housing market, Wellington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wellington appreciation rates continue to be some of the highest in America, at 9.63%, which is higher than appreciation rates in 92.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wellington. Wellington appreciation rates in the latest quarter were at 3.28%, which equates to an annual appreciation rate of 13.76%.

Importantly, this makes Wellington 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 Wellington's latest annual appreciation rate is higher than 60% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$292,975

Wellington, CO HOME PRICES

Value Range
> $1,324,000 2.2
$993,001 - $1,324,000 3.6
$662,001 - $993,000 4.9
$529,001 - $662,000 2.7
$397,001 - $529,000 11.1
$265,001 - $397,000 39.0
$133,001 - $265,000 34.0
$66,001 - $133,000 0.6
$0 - $66,000 1.9

Average for CO
Very High for Nation

Value Relative to Nation Value Relative to State
16.9166764326732 49.3449781659389

Number Of Homes And Apartments:
2,313

Wellington 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
50.52% 2.40% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,714 / per month

Homeownership Rate

Homeownership
Owners 84.91
Renters 15.09
Vacant 4.66

Housing Market Details

 

Age of Homes

AGE OF Wellington HOMES
2000 or Newer 59.7
1970 - 1999 36.5
1940 - 1969 0.8
1939 or Older 3.0

Types of Homes

TYPE OF Wellington HOMES
Single-Family 94.6
Townhomes 1.5
Small Apt. Buildings 0.5
Apt. Complexes 3.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Wellington HOMES
No Bedroom 0.00
1 Bedroom 0.62
2 Bedrooms 7.34
3 Bedrooms 64.06
4 Bedrooms 11.29
5 or more bedrooms 16.69

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Zip Codes in Wellington, CO