Durango Home Prices & Values

$353,500 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

  • 11.8% 1-year change
  • No data 1-year forecast

The median home value in Durango is $353,500. Durango home values have gone up 11.8% over the past year. The median list price per square foot in Durango is $227, which is higher than the Durango Metro average of $214. The median price of homes currently listed in Durango is $399,500 while the median price of homes that sold is $329,755. The median rent price in Durango is $1,950.

Foreclosures will be a factor impacting home values in the next several years. In Durango 0.3 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 2.1%, which is lower than the national value of 6.9%. 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 7.8%.

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Relative ZHVI
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Durango Market Overview

Data through Aug 31, 2014
  • $353,500 ZHVI
  • No data 1-yr forecast
  • $399,500 Median listing price
  • $329,755 Median sale price
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Durango Market Health

Data through Aug 31, 2014
  • 8.9/10 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 days on Zillow
  • 7.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.3 homes Durango
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Hesperus $268,900 Mancos $243,000 Bayfield $229,900
Ignacio $201,100    

Listings & Sales

Data through Aug 31, 2014
  • $227 Median list price / sq ft
  • $218 Median sale price / sq ft
  • 26.5% Listings with price cut
22.1%
Sold below listing
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Durango Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,350 Durango
$1,303 Durango Metro
$1,328 United States
  • 4.1 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, 2014)
  • $1,950 Rent list price (Jul 31, 2014)
  • No recent data Rent list price / sq ft
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