8 Colorado Cities Where Home Prices Are Skyrocketing
Colorado is now home to the seventh-highest home prices in the U.S., with home prices in the state averaging 17% above the national average, according to moveBuddha.
Stimulus Checks: Mark These Dates on Your Calendar Now
Find Out: Should You Still Buy a Home in Today’s Market?
The rise in home prices is tied to an increase in population in many cases, with home prices rising over 30% over the past two years in some of the fastest-growing cities in the state. Here’s a look at what those cities are, as identified by moveBuddha.
1. Pueblo, Colorado
Average home value in 2020: $212,006
Average home value in 2022: $312,597
Percent increase: 32.2%
2. Colorado Springs, Colorado
Average home value in 2020: $341,096
Average home value in 2022: $502,041
Percent increase: 32.1%
Take Our Poll: Do You Believe in Quiet Quitting?
3. Castle Rock, Colorado
Average home value in 2020: $508,096
Average home value in 2022: $739,174
Percent increase: 31.3%
4. Rye, Colorado
Average home value in 2020: $234,396
Average home value in 2022: $339,310
Percent increase: 30.9%
5. Parker, Colorado
Average home value in 2020: $537,055
Average home value in 2022: $775,150
Percent increase: 30.7%
6. Erie, Colorado
Average home value in 2020: $574,158
Average home value in 2022: $823,060
Percent increase: 30.2%
7. Lone Tree, Colorado
Average home value in 2020: $766,468
Average home value in 2022: $1,097,521
Percent increase: 30.2%
8. Commerce City, Colorado
Average home value in 2020: $398,698
Average home value in 2022: $570,496
Percent increase: 30.1%
More From GOBankingRates
All data is sourced from moveBuddha’s 2021-2022 Colorado Migration Report and is accurate as of Sept. 26, 2022.
This article originally appeared on GOBankingRates.com: 8 Colorado Cities Where Home Prices Are Skyrocketing