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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 4,145 people, 1,576 houses or apartments, and a median cost of homes of $242,275, house prices in Monte Vista are solidly below the national average.
Single-family detached homes are the single most common housing type in Monte Vista, accounting for 70.39% of the city's housing units. Other types of housing that are prevalent in Monte Vista include large apartment complexes or high rise apartments ( 10.56%), duplexes, homes converted to apartments or other small apartment buildings ( 9.83%), and a few mobile homes or trailers ( 7.64%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Monte Vista. Owner-occupied housing accounts for 66.88% of Monte Vista's homes, and 59.66% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Monte Vista 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 Monte Vista built between 1940-1969 ( 31.63%). A lesser amount of the housing stock also hails from before 1939 ( 27.92%). There's also some housing in Monte Vista built between 2000 and later ( 1.24%).
Vacant housing appears to be an issue in Monte Vista. Fully 11.46% of the housing stock is classified as vacant. Left unchecked, vacant Monte Vista homes and apartments can be a drag on the real estate market, holding Monte Vista 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.
Appreciation rates for homes in Monte Vista have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.57%, which ranks in the top 30% nationwide. This equates to an annual average Monte Vista house appreciation rate of 7.47%.
Appreciation rates are so strong in Monte Vista that despite a nationwide downturn in the housing market, Monte Vista real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Monte Vista appreciation rates continue to be some of the highest in America, at 10.23%, which is higher than appreciation rates in 88.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Monte Vista. Monte Vista appreciation rates in the latest quarter were at -0.63%, which equates to an annual appreciation rate of -2.49%.
Notably, Monte Vista's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Colorado, our data show that Monte Vista's latest annual appreciation rate is higher than 90% of the other cities and towns in Colorado.
$242,275
for Colorado
for nation
1,576
$1,004 / per month