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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Westcliffe, CO Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Westcliffe, CO Housing Market Trends

With 477 people, 238 houses or apartments, and a median cost of homes of $533,312, Westcliffe real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Westcliffe, accounting for 60.30% of the town's housing units. Other types of housing that are prevalent in Westcliffe include mobile homes or trailers ( 19.70%), duplexes, homes converted to apartments or other small apartment buildings ( 12.24%), and a few large apartment complexes or high rise apartments ( 5.07%).

Dwellings in Westcliffe tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.24% of the homes in Westcliffe have two or fewer bedrooms.

Westcliffe homes and real estate are some of the newest in America. 34.93% of Westcliffe'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 Westcliffe real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.54%), and before 1939 ( 29.25%). There's also some housing in Westcliffe built between 1940-1969 ( 3.28%).

Vacant housing appears to be an issue in Westcliffe. Fully 28.96% of the housing stock is classified as vacant. Left unchecked, vacant Westcliffe homes and apartments can be a drag on the real estate market, holding Westcliffe 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.

Westcliffe Home Appreciation Rates

In the last 10 years, Westcliffe has experienced some of the highest home appreciation rates of any community in the nation. Westcliffe real estate appreciated 116.74% over the last ten years, which is an average annual home appreciation rate of 8.04%, putting Westcliffe in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Westcliffe 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, Westcliffe appreciation rates have trailed the rest of the nation. In the last twelve months, Westcliffe's appreciation rate has been 3.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Westcliffe were at -0.63%, which equates to an annual appreciation rate of -2.49%.

Notably, Westcliffe's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Colorado, our data show that Westcliffe's latest annual appreciation rate is higher than 60% of the other cities and towns in Colorado.

Average Home Values

Median Home Value

$533,312

Westcliffe, CO Home Prices
> $1,442,000
$1,081,001 - $1,442,000
$721,001 - $1,081,000
$577,001 - $721,000
$432,001 - $577,000
$288,001 - $432,000
$144,001 - $288,000
$72,001 - $144,000
$0 - $72,000
4.3%
4.3%
11.6%
11.6%
12.3%
12.3%
13.2%
13.2%
13.7%
13.7%
28.2%
28.2%
9.3%
9.3%
2.3%
2.3%
5.1%
5.1%
0% 100.0%
% of Homes
Average

for Colorado

Very High

for nation

Number of Homes And Apartments:

238

Westcliffe Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,566 / per month

Homeownership Rate

Owners
Renters
72.0%
72.0%
28.0%
28.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
29.0%
29.0%
71.0%
71.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
34.9%
34.9%
32.5%
32.5%
3.3%
3.3%
29.3%
29.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.3%
60.3%
2.7%
2.7%
12.2%
12.2%
5.1%
5.1%
19.7%
19.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.9%
0.9%
21.5%
21.5%
29.9%
29.9%
23.9%
23.9%
17.3%
17.3%
6.6%
6.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Westcliffe

Popular Communities Near Westcliffe, CO

Zip Codes in Westcliffe, CO