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 2,587, 1,171 total housing units (homes and apartments), and a median house value of $403,016, Palisade real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Palisade, accounting for 49.39% of the town's housing units. Other types of housing that are prevalent in Palisade include mobile homes or trailers ( 22.06%), duplexes, homes converted to apartments or other small apartment buildings ( 18.41%), and a few large apartment complexes or high rise apartments ( 7.22%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Palisade. Owner-occupied housing accounts for 71.60% of Palisade's homes, and 54.50% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Palisade 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 Palisade built between 2000 and later ( 15.09%). A lesser amount of the housing stock also hails from before 1939 ( 14.11%). There's also some housing in Palisade built between 1940-1969 ( 12.65%).
Appreciation rates for homes in Palisade have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.93%, which ranks in the top 30% nationwide. This equates to an annual average Palisade house appreciation rate of 7.59%.
NeighborhoodScout's data show that during the latest twelve months, Palisade's appreciation rate, at 5.65%, has been at or slightly above the national average. In the latest quarter, Palisade's appreciation rate has been -1.22%, which annualizes to a rate of -4.78%.
Notably, Palisade's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Colorado, our data show that Palisade's latest annual appreciation rate is higher than 90% of the other cities and towns in Colorado.
$403,016
for Colorado
for nation
1,171
$1,400 / per month