The housing market in 81321 Cortez, CO is booming. The median value of homes in the area is $293,400, which is significantly lower than the U.S. median value of $338,100. However, this gap has been closing over the past year due to an impressive 13.73% house appreciation rate in Cortez compared to only 8.27% nationally. This suggests that people are finding great value and opportunity for investment in Cortez real estate, making it a hot spot for aspiring homeowners or savvy investors alike.
The median home cost in Cortez (zip 81321) is $293,400. Home appreciation the last 10 years has been 97.1%. Home Appreciation in Cortez (zip 81321) is up 19.8%.
Average Age of Homes
- The median age of Cortez (zip 81321) real estate is 37 years old
The Rental Market in Cortez (zip 81321)
- Renters make up 32.2% of the Cortez (zip 81321) population
- 1.8% of houses and apartments in Cortez (zip 81321), 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.