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 1,699, 783 total housing units (homes and apartments), and a median house value of $476,664, Idaho Springs real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Idaho Springs, accounting for 70.55% of the city's housing units. Other types of housing that are prevalent in Idaho Springs include duplexes, homes converted to apartments or other small apartment buildings ( 8.67%), large apartment complexes or high rise apartments ( 8.55%), and a few mobile homes or trailers ( 7.60%).
Dwellings in Idaho Springs tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.24% of the homes in Idaho Springs have two or fewer bedrooms.
The housing in Idaho Springs was primarily built before 1939 ( 69.60%), making the housing stock in Idaho Springs some of the oldest overall in America, although there is a range of ages of homes in Idaho Springs. The next most important housing age is between 1970-1999 ( 23.16%), followed by between 1940-1969 ( 5.11%). There's also some housing in Idaho Springs built between 2000 and later ( 2.14%).
Appreciation rates for homes in Idaho Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.59%, which ranks in the top 40% nationwide. This equates to an annual average Idaho Springs house appreciation rate of 7.10%.
Over the last year, Idaho Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Idaho Springs's appreciation rate has been -4.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Idaho Springs were at 0.57%, which equates to an annual appreciation rate of 2.30%.
Relative to Colorado, our data show that Idaho Springs's latest annual appreciation rate is lower than 90% of the other cities and towns in Colorado.
$476,664
for Colorado
for nation
783
$1,977 / per month