It’s not much of a secret that home prices in Fort Collins have been on the rise over the last couple of years. While finding affordable housing has become more difficult, it isn’t impossible. Fort Collins has assistance programs that can help buyers to get into a home and interest rates are still very low.
But an alternate strategy this time of year is to look outside of Fort Collins in the surrounding areas. The zones around the city of Fort Collins have been growing. With as much growth as Fort Collins has seen over the last five years, the city is beginning to develop “mini suburbs,” if you will.
This article posted by the Coloradoan shows how the median single-family home prices compare between Fort Collins, Loveland, Windsor, Wellington, and Timnath. Homes in Fort Collins and Timnath top the charts at $375K and $425K respectively in 2016.
Let’s talk about the other choices.
Windsor is a great option for those looking around Fort Collins. It’s only about 15 to 20 minutes from either Old Town Fort Collins or the southeast tech corridor, which makes it a perfect place to look. Home prices in Windsor are slightly cheaper right now than those in Timnath and Fort Collins, coming in right around $360K. Not only is it slightly cheaper, but Windsor offers many of the same amenities of the city without feeling too crowded or congested, and homes were actually cheaper in 2016 than they were in 2015.
Another option is Wellington, which is not only growing, but it is growing FAST. The median home price for single-family homes is about $312K – which is up from $281K in 2015. However, there is a large influx of new condos and townhomes in Wellington that are as nice – if not nicer – than any you might find in Fort Collins. New townhomes in Wellington are comparable with existing townhomes in Fort Collins.
Finally, Loveland is also another go-to area for home buyers who are looking in Northern Colorado. The median single-family home prices are up 14% from 2015, but still around $50K less than Fort Collins and $35K cheaper than Windsor. Of course, it is a little bit longer of a commute if you are working in the Choice City, but the savings on your home price more than make up for it if you don’t mind a 20 minute drive.
To learn more about listing your home or your home buying options in Fort Collins, Loveland, Wellington, Greeley, Windsor, and throughout Northern Colorado, call me at 970-342-3568 or visit www.coloradorepros.com today.
I'm Brad, owner of Colorado Real Estate Pros. This blog will talk more about my day-to-day as a Fort Collins Realtor, and my life as well. Enjoy!