In Fort Collins, Colorado, the house worth median is $377,396. In the last year, the worth of houses has increased 6.8 percent in Fort Collins. There has been a prediction made that in the following year, house values will go up 3.3 percent.
In Fort Collins, the per square foot list cost median is $233. The metro area of Fort Collins has a lower per square foot list cost median of $227. For Fort Collins, $407,633 is the house cost median of presently listed houses.
$1,750 is the rent cost median in Fort Collins. Fort Collins Metro area has a lower rent cost median of $1,725.
Foreclosures are an important factor of the real estate economy. As the foreclosure rate goes up, home values go down. 0.4 houses go through foreclosure for every 10,000 houses in Fort Collins.
The metro area of Fort Collins has an incredibly low foreclosure rate of 0.1 homes foreclosed for every 10,000 homes. The United States has 1.6 homes foreclosed for each 10,000 homes.
When a home owner goes through foreclosure, there is a first step. They experience a mortgage delinquency. A mortgage delinquency happens when a house owners skips out from making a payment on their mortgage.
In Fort Collins, 0.3 percent is the percentage of mortgage delinquencies. This is far lower than the national percentage of mortgage delinquencies which is 1.6 percent.
In 2008, there was a recession that delivered a powerful economic blow to the real estate economy. The worth of houses went down a greater percentage than 20 percent in the United States. This has resulted in many owners of houses being currently underwater on their mortgages.
The meaning of being underwater on a mortgage is that the person who owns a house has a mortgage that is larger than the house value. Fort Collins has 6.2 percent of its owners of houses being underwater regarding their mortgages. The Fort Collins Metro Area has a lower underwater rate which is 5.4 percent.
In the city of Fort Collins, the median household income is $53,775.