The Best Value Properties in Pueblo, CO
• • ☕️ 3 min read • By Noah Blumberg •
Pueblo, Colorado is a city of about 115,000 people and is just 2 hours South of Denver. Livability calls Pueblo the #4 city for first time homebuyers and, according to PolicyGenius, Pueblo is the #4 place in which to invest in real estate. This is a great combination of factors for Pueblo real estate. Let's look at what's going on in Pueblo and take stock of the real estate properties currently for sale that get you the most for your money.
Low Prices with Strong Appreciation
The biggest factor that makes Pueblo a good place for homebuyers and investors is affordability. On average, prices in Pueblo are less than half that of homes in Denver. The Nation Association of Home Builders tracks a metric called "Housing Opportunity Index" or HOI. HOI is "the share of homes sold in that area that would have been affordable to a family earning the local median income". Pueblo has an outstanding HOI of 57.6, meaning that 57.6% of the homes sold in Pueblo were affordable to the typical family. This is the 9th best score out of the 60 ranked in the Western region of the U.S.
Buyers in Pueblo can expect a nice rate of return on their investment as home values have increased in recent years. Year over year prices are up 24% and 76% over 5 years. Based on 1-year appreciation, Pueblo ranks as 20th best city.
PolicyGenius puts the number of appreciation of the last 5 years at 80%. As of today, WalletInvestor predicts a 7% increase in the next year and a 35% over 5 years. Investors will be happy to see the low 3.64% vacancy rate.
The Properties
When you see a real estate property over a million dollar at the top of our ranking list, you'll either see an enormous house or an enormous lot or both. This time, it's both. Our #1 property has a 4,168 sqft home on an amazingly huge 342.1 acre lot.
For an investor with the wherewithal to build, property #6 is an attractive prospect. The super low $49,000 list price is only for the lot as the home appears to be a teardown. However, the 1.27x zip code is desirable and promises to be a profitable project once something livable is placed on the lot. See a description of zipX on our FAQs page.
Reading Resources
PolicyGenius's Best cities to invest in real estate in 2022
Federal Housing Finance Agency's Housing Price Index
WalletInvestor Looks at Pueblo
The Nation Association of Home Builders' Housing Opportunity Index
Livability's 7 Best Cities For First-Time Homebuyers
| Median List Price | Median Sqft | Median Lot Size(SqFt) |
|---|---|---|
| $281,450 | 1,727 | 7,491 |
| Score** | Property | ZipX** | Type | Beds | SqFt | Lot Size(sqft) | Price |
|---|---|---|---|---|---|---|---|
| 692.92 | 7608 Lakeview Dr | 1.18 | single family | 4 | 4168 | 14,901,876 | $1,100,000 |
| 214.23 | 6472 Galbreth Rd | 1.18 | single family | 2 | 918 | 1,742,400 | $275,000 |
| 137.68 | 4110 Rock Creek Rd | 1.18 | single family | 3 | 3000 | 1,784,218 | $549,999 |
| 132.00 | 7719 Willow Spring Dr | 1.08 | single family | 4 | 6629 | 2,064,744 | $849,000 |
| 122.07 | 43401 Olson Rd | 1.07 | single family | 3 | 1754 | 1,568,160 | $450,000 |
| 102.13 | 7668 W Pine Bluff Dr | 1.08 | single family | 4 | 5918 | 1,742,400 | $885,000 |
| 65.84 | 1218 Rio Grande Ave | 1.27 | single family | 4 | 1155 | 3,223 | $49,000 |
| 48.12 | 2107 Hillside Cir | 1.19 | single family | 7 | 6566 | 20,038 | $435,000 |
| 40.22 | 35270 Ford Rd | 1.27 | single family | 4 | 3296 | 206,910 | $430,000 |
| 39.84 | 1200 S Calle Arroyito Dr | 1.40 | single family | 6 | 4994 | 96,703 | $594,000 |
| 36.81 | 1073 W El Esperante Dr | 1.40 | single family | 4 | 5374 | 211,266 | $750,000 |
| 34.73 | 5672 St Charles River Dr | 1.08 | single family | 4 | 15226 | 217,800 | $1,250,000 |
| 34.58 | 1617 Palmer Ave | 1.08 | multi family | 8 | 3560 | 8,184 | $325,000 |
| 33.52 | 118 E Mesa Ave | 1.27 | single family | 3 | 1496 | 2,373 | $105,000 |
| 32.13 | 400 S Neilson Ave | 1.07 | single family | 4 | 2068 | 224,770 | $425,000 |
| 31.90 | 214 Santa Fe Dr | 1.27 | single family | 4 | 2004 | 56,976 | $239,000 |
| 28.45 | 416 W Archer Dr | 1.40 | single family | 5 | 4820 | 16,030 | $572,000 |
| 27.47 | 1510 LA Salle Rd | 1.27 | single family | 7 | 4640 | 344,560 | $1,549,000 |
| 27.44 | 2825 Lake Ave | 1.08 | multi family | 4 | 3400 | 50,835 | $365,000 |
| 27.29 | 1114 N Knotty Pine Ln | 1.40 | single family | 5 | 3849 | 48,352 | $524,900 |
| 25.29 | 1021 W Valparaiso Dr | 1.40 | single family | 5 | 3567 | 54,014 | $514,900 |
| 24.96 | 1577 N Heron Ct | 1.40 | single family | 5 | 2840 | 53,143 | $465,000 |
| 24.52 | 206 Alhambra Dr | 1.18 | single family | 5 | 5401 | 12,807 | $649,900 |
| 23.43 | 4720 Desert Candle Dr | 1.07 | single family | 5 | 5008 | 12,197 | $569,900 |
| 23.10 | 107 W 11th St | 1.00 | single family | 8 | 2828 | 7,650 | $374,900 |