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 2,976, 1,319 total housing units (homes and apartments), and a median house value of $623,141, real estate costs in Buena Vista are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Colorado communities.
Single-family detached homes are the single most common housing type in Buena Vista, accounting for 76.17% of the town's housing units. Other types of housing that are prevalent in Buena Vista include large apartment complexes or high rise apartments ( 12.76%), row houses and other attached homes ( 4.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.40%).
The most prevalent building size and type in Buena Vista are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 38.97% owning and 61.03% renting.
There is a lot of housing in Buena 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 Buena Vista built between 2000 and later ( 19.82%). A lesser amount of the housing stock also hails from before 1939 ( 19.49%). There's also some housing in Buena Vista built between 1940-1969 ( 14.77%).
Vacant housing appears to be an issue in Buena Vista. Fully 14.57% of the housing stock is classified as vacant. Left unchecked, vacant Buena Vista homes and apartments can be a drag on the real estate market, holding Buena 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.
In the last 10 years, Buena Vista has experienced some of the highest home appreciation rates of any community in the nation. Buena Vista real estate appreciated 134.16% over the last ten years, which is an average annual home appreciation rate of 8.88%, putting Buena Vista in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Buena Vista 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, Buena Vista appreciation rates have trailed the rest of the nation. In the last twelve months, Buena Vista's appreciation rate has been -0.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Buena Vista were at -0.63%, which equates to an annual appreciation rate of -2.49%.
Notably, Buena Vista's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Colorado, our data show that Buena Vista's latest annual appreciation rate is lower than 90% of the other cities and towns in Colorado.
$623,141
for Colorado
for nation
1,319
$1,969 / per month