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 10,551 people, 3,615 houses or apartments, and a median cost of homes of $569,606, real estate costs in Rifle 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 Rifle, accounting for 55.74% of the city's housing units. Other types of housing that are prevalent in Rifle include row houses and other attached homes ( 15.22%), large apartment complexes or high rise apartments ( 11.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.13%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rifle. Owner-occupied housing accounts for 69.12% of Rifle's homes, and 59.38% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Rifle 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 Rifle built between 2000 and later ( 25.45%). A lesser amount of the housing stock also hails from before 1939 ( 12.18%). There's also some housing in Rifle built between 1940-1969 ( 12.07%).
In the last 10 years, Rifle has experienced some of the highest home appreciation rates of any community in the nation. Rifle real estate appreciated 169.57% over the last ten years, which is an average annual home appreciation rate of 10.42%, putting Rifle in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rifle definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Rifle that despite a nationwide downturn in the housing market, Rifle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rifle appreciation rates continue to be some of the highest in America, at 13.27%, which is higher than appreciation rates in 80.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rifle. Rifle appreciation rates in the latest quarter were at 1.41%, which equates to an annual appreciation rate of 5.77%.
Relative to Colorado, our data show that Rifle's latest annual appreciation rate is higher than 90% of the other cities and towns in Colorado.
$569,606
for Colorado
for nation
3,615
$1,674 / per month