Durango Home Prices & Values

$343,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 10.1% 1-year change
  • No data 1-year forecast

The median home value in Durango is $343,100. Durango home values have gone up 10.1% over the past year. The median list price per square foot in Durango is $232, which is higher than the Durango Metro average of $216. The median price of homes currently listed in Durango is $398,800 while the median price of homes that sold is $346,235. The median rent price in Durango is $1,875, which is higher than the Durango Metro median of $1,400.

Foreclosures will be a factor impacting home values in the next several years. In Durango 0.4 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Durango is 2.4%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Durango homeowners underwater on their mortgage is 10.2%.

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Relative ZHVI
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Durango Market Overview

Data through Jun 30, 2014
  • $343,100 ZHVI
  • No data 1-yr forecast
  • $398,800 Median listing price
  • $346,235 Median sale price
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Durango Market Health

Data through Jun 30, 2014
  • 9.0/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 10.2% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 2.4% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

0.4 homes Durango
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Hesperus $266,700 Bayfield $229,000 Dolores $215,600
Mancos $206,100 Ignacio $203,400  

Listings & Sales

Data through Jun 30, 2014
  • $232 Median list price / sq ft
  • $205 Median sale price / sq ft
  • 20.6% Listings with price cut
21.5%
Sold below listing
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Durango Rentals

Data through Jun 30, 2014
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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