The housing market in Severance, CO is strong. The median value for a house in this area is $522,300, significantly higher than the US median of $338,100. Over the past year, the appreciation rate for houses in Severance has been at 9.46%, higher than the national average of 8.27%. This indicates that real estate prices are continuing to increase, making Severance an attractive option for potential buyers looking to invest in property. With its close proximity to larger urban areas and an abundance of local amenities, investing in housing here could be a great opportunity.
The median home cost in Severance is $522,300. Home appreciation the last 10 years has been 145.8%. Home Appreciation in Severance is up 15.9%.
Average Age of Homes
- The median age of Severance real estate is 13 years old
The Rental Market in Severance
- Renters make up 7.3% of the Severance population
- 0.7% of houses and apartments in Severance, 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.