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 a population of 5,921, 2,245 total housing units (homes and apartments), and a median house value of $1,281,804, Avon house prices are not only among the most expensive in Colorado, Avon real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Avon, accounting for 62.40% of the town's housing units. Other types of housing that are prevalent in Avon include single-family detached homes ( 14.98%), row houses and other attached homes ( 11.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.44%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Avon primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Avon has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Avon 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 Avon built between 2000 and later ( 21.57%). A lesser amount of the housing stock also hails from before 1939 ( 1.35%).
A decent proportion of the Avon housing stock is seasonally occupied. That is, homes and condos in Avon are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Avon housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Avon has experienced some of the highest home appreciation rates of any community in the nation. Avon real estate appreciated 126.01% over the last ten years, which is an average annual home appreciation rate of 8.50%, putting Avon in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Avon 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, Avon appreciation rates have trailed the rest of the nation. In the last twelve months, Avon's appreciation rate has been 2.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Avon were at -0.63%, which equates to an annual appreciation rate of -2.49%.
Notably, Avon's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Colorado, our data show that Avon's latest annual appreciation rate is lower than 50% of the other cities and towns in Colorado.
$1,281,804
$3,916 / per month