What Is the Average Price of Real Estate in Durango, Colorado?
You may be considering relocating to Durango, Colorado, or you may simply be curious about the city’s livability. It is indeed a great place to live in, with scenic countryside and a friendly neighborhood. It’s not only popular for holiday destinations and skiing activities, but now many people are also moving to this part of Colorado to get away from the chaos of bustling city life. Thinking of moving to this peaceful city? In that case, knowing the price of real estate in Durango, Colorado, will come in handy.
Real Estate Prices In Durango, Colorado
The cost of housing is an essential aspect to consider while looking for a new area to reside in. Durango has a cheaper cost of living than the national average in the United States and most other cities in Colorado. Durango has a quite good overall livability score. This rating is the aggregate of the city’s data points and characteristics, which are then weighted to determine a good overall quality of life in comparison to other cities. While some places in a state may be more expensive than others, the general average cost of real estate, utility, groceries, transport, healthcare and education, and other services are comparatively cheaper.
In the third quarter of 2019, the average price for a single-family home in Durango increased to almost $600000, up from $490000 in the same quarter of 2018. The median home price in Durango is $650000. This number is seasonally adjusted and only includes the middle price range residences. Durango real estate average prices have increased 35.1% in 2020. In 2021, Durango’s real estate market experienced an all-time high, with record-breaking sales and values. Median sales prices reached an all-time high.
If you’re on the lookout for a new home in Colorado, be sure to check out the most recent Durango land and home packages. To get started, get in touch with our real estate experts at River Valley Colorado’s local real estate professional today! From 2 bedroom small family homes to large five-bedroom houses, we can help you find any home you want.