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 1,029, 379 total housing units (homes and apartments), and a median house value of $1,209,737, Dillon house prices are not only among the most expensive in Colorado, Dillon 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 Dillon, accounting for 60.65% of the town's housing units. Other types of housing that are prevalent in Dillon include row houses and other attached homes ( 17.65%), single-family detached homes ( 13.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.29%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.
People in Dillon primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Dillon has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Dillon 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 Dillon built between 1940-1969 ( 18.06%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.67%).
A decent proportion of the Dillon housing stock is seasonally occupied. That is, homes and condos in Dillon 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 Dillon housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Dillon has experienced some of the highest home appreciation rates of any community in the nation. Dillon real estate appreciated 149.82% over the last ten years, which is an average annual home appreciation rate of 9.59%, putting Dillon in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dillon definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Dillon's appreciation rate, at 6.69%, has been at or slightly above the national average. In the latest quarter, Dillon's appreciation rate has been -0.63%, which annualizes to a rate of -2.49%.
Notably, Dillon's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Colorado, our data show that Dillon's latest annual appreciation rate is higher than 90% of the other cities and towns in Colorado.
$1,209,737
for Colorado
for nation
379
$3,400 / per month