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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hotchkiss, CO Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hotchkiss, CO Housing Market Trends

With 904 people, 368 houses or apartments, and a median cost of homes of $495,683, Hotchkiss real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hotchkiss, accounting for 75.06% of the town's housing units. Other types of housing that are prevalent in Hotchkiss include mobile homes or trailers ( 16.87%), large apartment complexes or high rise apartments ( 5.13%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.45%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hotchkiss. Owner-occupied housing accounts for 77.99% of Hotchkiss's homes, and 59.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hotchkiss built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hotchkiss built between 1940-1969 ( 23.47%). A lesser amount of the housing stock also hails from before 1939 ( 19.07%). There's also some housing in Hotchkiss built between 2000 and later ( 5.62%).

Vacant housing appears to be an issue in Hotchkiss. Fully 10.02% of the housing stock is classified as vacant. Left unchecked, vacant Hotchkiss homes and apartments can be a drag on the real estate market, holding Hotchkiss real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Hotchkiss Home Appreciation Rates

Appreciation rates for homes in Hotchkiss have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.13%, which ranks in the top 50% nationwide. This equates to an annual average Hotchkiss house appreciation rate of 6.75%.

Over the last year, Hotchkiss appreciation rates have trailed the rest of the nation. In the last twelve months, Hotchkiss's appreciation rate has been 4.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hotchkiss were at -0.63%, which equates to an annual appreciation rate of -2.49%.

Notably, Hotchkiss's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Colorado, our data show that Hotchkiss's latest annual appreciation rate is higher than 80% of the other cities and towns in Colorado.

Average Home Values

Median Home Value

$495,683

Hotchkiss, CO Home Prices
> $1,390,000
$1,043,001 - $1,390,000
$695,001 - $1,043,000
$556,001 - $695,000
$417,001 - $556,000
$278,001 - $417,000
$139,001 - $278,000
$70,001 - $139,000
$0 - $70,000
15.6%
15.6%
5.9%
5.9%
11.2%
11.2%
8.1%
8.1%
14.2%
14.2%
12.0%
12.0%
23.0%
23.0%
7.1%
7.1%
3.0%
3.0%
0% 100.0%
% of Homes
Average

for Colorado

Very High

for nation

Number of Homes And Apartments:

368

Hotchkiss Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,066 / per month

Homeownership Rate

Owners
Renters
78.0%
78.0%
22.0%
22.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.0%
10.0%
90.0%
90.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.6%
5.6%
51.8%
51.8%
23.5%
23.5%
19.1%
19.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.1%
75.1%
0.5%
0.5%
2.4%
2.4%
5.1%
5.1%
16.9%
16.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
13.0%
13.0%
26.7%
26.7%
49.6%
49.6%
9.8%
9.8%
1.0%
1.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Hotchkiss

Popular Communities Near Hotchkiss, CO

Zip Codes in Hotchkiss, CO