The housing market in Durango, CO Metro Area is strong and growing. The median value of a house in the area is $601,400, which is well above the US median of $338,100. Furthermore, houses in Durango have seen an appreciation of 10.61% over the last year compared to 8.27% nationally. This indicates that the housing market in Durango is booming and that more people are investing in properties there. With such a high median value and promising growth prospects, it's no wonder why so many people are deciding to make Durango their home.
The median home cost in Durango Metro Area is $601,400. Home appreciation the last 10 years has been 102.5%. Home Appreciation in Durango Metro Area is up 19.8%.
Average Age of Homes
- The median age of Durango Metro Area real estate is 29 years old
The Rental Market in Durango Metro Area
- Renters make up 26.9% of the Durango Metro Area population
- 2.2% of houses and apartments in Durango Metro Area, 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.