Hoffman West Real Estate


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Thinking of moving to the Vail Valley?

Great! Here are a few things to consider when searching for the right home:

The Vail Valley offers a wide variety of residential housing options and price points, whether you plan to make the Vail Valley your permanent home, or your secondary or seasonal residence.  In 2014 the median real estate sales price in Eagle County was $480,000.

Local housing stock for both buyers and renters includes apartments, townhomes, duplexes, condos and single family homes, as well as rural ranch cabins and lavish mountain estates.

Residential real estate prices vary significantly based on location within Eagle County. Real estate in Vail and Beaver Creek can be quite expensive, but many surrounding communities such as Gypsum, Eagle, Minturn and others offer significantly more affordable options, all within an easy 35-minute travel corridor.

Housing is the key element pushing Eagle County’s overall cost of living above the U.S. average. The Council for Community and Economic Research produces an annual County Cost of Living Index (CCLI) that serves as a measure of relative cost of living between different locations across the county.

In 2013, the CCLI indexed Eagle County at 107.8 against a nationwide average of 100. In the CCLI, a number above 100 is more expensive than the U.S. average, and number below 100 is less expensive than the U.S. average.

Housing costs in Eagle County are indexed at 123.2, while most other consumer goods and services in the county fall slightly above or below the U.S. average, making housing the primary driver elevating local living expenses. That said, as you can see in the table below, Eagle County housing costs are actually quite competitive with a number of other Colorado counties and their key metropolitan communities. The fact is, Vail Valley’s cost of living is comparable to, or in many cases, less than that found in many major metropolitan areas across the country.

 

County Key Community(s) Cost of Living Index Housing
Boulder County Boulder, Longmont 110.8 134.0
Denver County Denver 120.7 165.2
Douglas County Aurora, Littleton, Castle Rock 117.8 159.5
Eagle County Vail Valley 107.8 123.2
El Paso County Colorado Springs 106.9 122.8
Jefferson County Arvada, Golden, Lakewood 110.4 132.8
Larimer County  Fort Collins  105.4  117.2

 

New residents, employees and families are encouraged to connect with one of the many well-qualified local real estate professionals that call the Vail Valley home to find the best housing options available for your needs and budget.

And for those struggling to find affordable housing either for purchase or rent, check out The Valley Home Store, the Vail Valley’s definitive source of information for affordable homes and rentals.