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 11,246 people, 3,868 houses or apartments, and a median cost of homes of $855,295, real estate costs in Edwards 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 Edwards, accounting for 34.57% of the town's housing units. Other types of housing that are prevalent in Edwards include row houses and other attached homes ( 22.51%), large apartment complexes or high rise apartments ( 22.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.68%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Edwards. Owner-occupied housing accounts for 65.82% of Edwards's homes, and 52.63% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Edwards 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 Edwards built between 2000 and later ( 33.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.35%). There's also some housing in Edwards built before 1939 ( 1.27%).
Vacant housing appears to be an issue in Edwards. Fully 28.99% of the housing stock is classified as vacant. Left unchecked, vacant Edwards homes and apartments can be a drag on the real estate market, holding Edwards 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.
Appreciation rates for homes in Edwards have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 113.20%, which ranks in the top 30% nationwide. This equates to an annual average Edwards house appreciation rate of 7.86%.
NeighborhoodScout's data show that during the latest twelve months, Edwards's appreciation rate, at 7.03%, has been at or slightly above the national average. In the latest quarter, Edwards's appreciation rate has been 2.22%, which annualizes to a rate of 9.18%.
Relative to Colorado, our data show that Edwards's latest annual appreciation rate is higher than 70% of the other cities and towns in Colorado.
$855,295
for Colorado
for nation
3,868
$2,718 / per month