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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.



Las Animas, 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

Las Animas, CO Housing Market Trends

With a population of 2,324, 1,037 total housing units (homes and apartments), and a median house value of $185,760, house prices in Las Animas are solidly below the national average.

Single-family detached homes are the single most common housing type in Las Animas, accounting for 74.44% of the city's housing units. Other types of housing that are prevalent in Las Animas include duplexes, homes converted to apartments or other small apartment buildings ( 8.71%), mobile homes or trailers ( 8.47%), and a few large apartment complexes or high rise apartments ( 7.27%).

The most prevalent building size and type in Las Animas are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.31% owning and 49.69% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Las Animas's housing was primarily built during this period, from the '40s through the '60s. A full 33.31% of the city's housing hails from this era. Other housing ages represented in Las Animas include homes built between 1970-1999 ( 31.47%) and housing constructed before 1939 ( 29.47%). There's also some housing in Las Animas built between 2000 and later ( 5.75%).

Vacant housing appears to be an issue in Las Animas. Fully 17.17% of the housing stock is classified as vacant. Left unchecked, vacant Las Animas homes and apartments can be a drag on the real estate market, holding Las Animas 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.

Las Animas Home Appreciation Rates

In the last 10 years, Las Animas has experienced some of the highest home appreciation rates of any community in the nation. Las Animas real estate appreciated 123.65% over the last ten years, which is an average annual home appreciation rate of 8.38%, putting Las Animas in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Las Animas definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Las Animas appreciation rates have trailed the rest of the nation. In the last twelve months, Las Animas's appreciation rate has been 4.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Las Animas were at -0.63%, which equates to an annual appreciation rate of -2.49%.

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

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

Average Home Values

Median Home Value

$185,760

Las Animas, CO Home Prices
> $1,303,000
$977,001 - $1,303,000
$652,001 - $977,000
$521,001 - $652,000
$391,001 - $521,000
$260,001 - $391,000
$130,001 - $260,000
$65,001 - $130,000
$0 - $65,000
1.0%
1.0%
0.0%
0.0%
1.5%
1.5%
3.3%
3.3%
4.5%
4.5%
16.8%
16.8%
29.4%
29.4%
29.3%
29.3%
14.2%
14.2%
0% 100.0%
% of Homes
Very Low

for Colorado

Low

for nation

Number of Homes And Apartments:

1,037

Las Animas Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,387 / per month

Homeownership Rate

Owners
Renters
50.3%
50.3%
49.7%
49.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.2%
17.2%
82.8%
82.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.8%
5.8%
31.5%
31.5%
33.3%
33.3%
29.5%
29.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.4%
74.4%
1.1%
1.1%
8.7%
8.7%
7.3%
7.3%
8.5%
8.5%
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
3.4%
3.4%
8.1%
8.1%
28.3%
28.3%
46.7%
46.7%
12.2%
12.2%
1.4%
1.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Las Animas

Popular Communities Near Las Animas, CO

Zip Codes in Las Animas, CO