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 11,978, 4,000 total housing units (homes and apartments), and a median house value of $588,186, real estate costs in Wellington 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 Wellington, accounting for 92.20% of the town's housing units. Other types of housing that are prevalent in Wellington include row houses and other attached homes ( 7.08%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wellington. Owner-occupied housing accounts for 83.62% of Wellington's homes, and 87.35% have either three or four bedrooms, which is average sized relative to America.
Wellington homes and real estate are some of the newest in America. 81.24% of Wellington's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Wellington real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 13.34%), and between 1940-1969 ( 4.23%). There's also some housing in Wellington built before 1939 ( 1.19%).
In the last 10 years, Wellington has experienced some of the highest home appreciation rates of any community in the nation. Wellington real estate appreciated 126.34% over the last ten years, which is an average annual home appreciation rate of 8.51%, putting Wellington in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wellington 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, Wellington appreciation rates have trailed the rest of the nation. In the last twelve months, Wellington's appreciation rate has been 3.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wellington were at 2.43%, which equates to an annual appreciation rate of 10.07%.
Relative to Colorado, our data show that Wellington's latest annual appreciation rate is higher than 60% of the other cities and towns in Colorado.
$588,186
for Colorado
for nation
4,000
$3,371 / per month