Living in Paradox, CO
Paradox, CO is a charming, rustic community that offers residents a peaceful lifestyle surrounded by the stunning San Juan Mountains. Known for its outdoor activities such as hiking and fishing, this area attracts nature lovers and those seeking tranquility. Though small, Paradox has a rich history and close-knit community vibe, making it a great place to call home.
Current Market Conditions in Paradox, CO
The real estate market in Paradox, CO is currently experiencing a steady increase in interest, particularly among those looking for vacation homes or investment properties in serene locations. The demand for homes in rural settings has grown, reflecting a nationwide trend as many seek more space and nature-oriented living arrangements.
In recent months, the availability of homes has decreased slightly due to growing buyer interest. Consequently, home prices have seen modest increases, although they remain relatively affordable compared to urban areas. Developers are also beginning to show interest, indicating potential growth in the coming years.
Home Value Estimator For Paradox, CO
There are currently 55 real estate properties
in Paradox, CO,
with a median automated valuation model (AVM) price
of $161,400.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Paradox, CO, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Paradox, CO,
is $244,568.00, with the most expensive house
in Paradox, CO, topping out
at $1,380,900.00 and the cheapest home
in Paradox, CO,
clocking in at $13,379.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Paradox, CO!
Rent Prices
In Paradox, CO
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Paradox, CO, is on
a rollercoaster ride. The
average rent price in Paradox, CO,
is $1,037.00. Indeed, when looking to rent in
Paradox, CO, you can expect to pay as little
as $630.00 or as much
as $2,650.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Paradox, CO
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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