The housing market in Durango, CO is a hot one. The median house value is much higher than the US national median at $677,500, and the appreciation rate of 13.73% last year was even larger than the nation's 8.27%. This means there is a significant amount of wealth being gained from owning property in this beautiful city in Colorado. With more people wanting to move into Durango for its stunning scenery and recreational activities, it's no surprise that real estate prices are rising so quickly. If you're looking to buy a home here, now is a great time to do so before prices continue to rise!
The median home cost in Durango is $677,500. Home appreciation the last 10 years has been 97.1%. Home Appreciation in Durango is up 19.8%.
Average Age of Homes
- The median age of Durango real estate is 37 years old
The Rental Market in Durango
- Renters make up 45.0% of the Durango population
- 3.9% of houses and apartments in Durango, 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.