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 3,781 people, 1,369 houses or apartments, and a median cost of homes of $140,301, house prices in Rocky Ford are some of the most affordable in Colorado as well as the nation.
Single-family detached homes are the single most common housing type in Rocky Ford, accounting for 70.35% of the city's housing units. Other types of housing that are prevalent in Rocky Ford include large apartment complexes or high rise apartments ( 15.50%), mobile homes or trailers ( 10.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.54%).
The most prevalent building size and type in Rocky Ford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.61% owning and 39.39% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rocky Ford's housing was primarily built during this period, from the '40s through the '60s. A full 35.99% of the city's housing hails from this era. Other housing ages represented in Rocky Ford include homes built before 1939 ( 35.20%) and housing constructed between 1970-1999 ( 18.92%). There's also some housing in Rocky Ford built between 2000 and later ( 9.88%).
Vacant housing appears to be an issue in Rocky Ford. Fully 23.13% of the housing stock is classified as vacant. Left unchecked, vacant Rocky Ford homes and apartments can be a drag on the real estate market, holding Rocky Ford 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.
In the last 10 years, Rocky Ford has experienced some of the highest home appreciation rates of any community in the nation. Rocky Ford real estate appreciated 117.83% over the last ten years, which is an average annual home appreciation rate of 8.10%, putting Rocky Ford in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rocky Ford 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 Rocky Ford that despite a nationwide downturn in the housing market, Rocky Ford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rocky Ford appreciation rates continue to be some of the highest in America, at 8.34%, which is higher than appreciation rates in 90.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rocky Ford. Rocky Ford appreciation rates in the latest quarter were at 0.90%, which equates to an annual appreciation rate of 3.63%.
Relative to Colorado, our data show that Rocky Ford's latest annual appreciation rate is higher than 90% of the other cities and towns in Colorado.
$140,301
for Colorado
for nation
1,369
$1,042 / per month