The housing situation in Cortez, CO is strong and growing. The median value of a house in this area is $276,800 which is lower than the average US median housing value of $338,100. The appreciation rate for houses in Cortez is also higher than the national average, at 13.73% compared to 8.27%. This indicates that the housing market is booming and people are investing in the area. Overall, it seems like a great place to purchase a home.
The median home cost in Cortez is $276,800. Home appreciation the last 10 years has been 97.1%. Home Appreciation in Cortez is up 19.8%.
Average Age of Homes
- The median age of Cortez real estate is 42 years old
The Rental Market in Cortez
- Renters make up 41.1% of the Cortez population
- 2.9% of houses and apartments in Cortez, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.