Rico, CO Foreclosures
How much do homes sell for in Rico, CO?
The average home price is currently $511,184.
In Rico, CO, how many homes are available?
There are currently 7 active home listings available in Rico.
What’s the average rental cost in Rico, CO?
The average rental price in Rico is $1,282.
What is the most expensive home in Rico?
The most expensive home sold in Rico had a price of $1,412,614.
What is currently the cheapest priced home in Rico, CO?
The cheapest home for sale in Rico is priced at $86,912.
Living in Rico, CO
Rico is a charming mountain town located in the San Juan Mountains of Colorado, known for its breathtaking scenery and outdoor recreational activities. The town offers a cozy atmosphere with a rich history and is ideal for those who appreciate a close-knit community. Its convenient access to hiking, skiing, and other adventure activities make it a great place for nature enthusiasts and anyone seeking a peaceful retreat.
Current Market Conditions in Rico, CO
Rico is experiencing a growing interest in its real estate market, fueled by the increasing popularity of remote work and a desire for a lifestyle that emphasizes outdoor recreation and natural beauty. Homes in the area are in demand, and prices are showing steady appreciation as buyers seek to escape urban settings for the tranquility of mountain living. The tight inventory means sellers are often receiving multiple offers, driving competition among potential buyers.
Investors are now turning their attention to Rico, drawn by its potential for vacation rentals and a burgeoning tourism scene. The conversion of historic properties into modern vacation rentals is seeing significant interest, and builders are exploring opportunities for new construction. Overall, the appeal of Rico continues to grow as more people discover the hidden gem it represents.
Home Value Estimator For Rico, CO
There are currently 70 real estate properties
in Rico, CO,
with a median automated valuation model (AVM) price
of $480,846.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Rico, 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 Rico, CO,
is $511,184.00, with the most expensive house
in Rico, CO, topping out
at $1,412,614.00 and the cheapest home
in Rico, CO,
clocking in at $86,912.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Rico, CO!
Rent Prices
In Rico, CO
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Rico, CO, is on
a rollercoaster ride. The
average rent price in Rico, CO,
is $1,282.00. Indeed, when looking to rent in
Rico, CO, you can expect to pay as little
as $660.00 or as much
as $2,340.00,
with the average rent median estimated to
be $1,280.00. The good news is that finding
an affordable and desirable property to rent in Rico, 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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