Foreclosure Homes in Cortez, CO

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5 View this home at Brookside Dr Cortez CO 81321
$318,666 EMV
Brookside Dr
Cortez, CO 81321
3 |
EST. RENT: $1,251
AUCTION: 04-15-2024
3 |
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Cortez, CO Foreclosures

How much do homes sell for in Cortez, CO?
The average home price is currently $326,742.
In Cortez, CO, how many homes are available?
There are currently 4,902 active home listings available in Cortez.
What’s the average rental cost in Cortez, CO?
The average rental price in Cortez is $1,078.
What is the most expensive home in Cortez, Colorado?
The most expensive home sold in Cortez had a price of $3,818,000.
What is currently the cheapest priced home in Cortez, CO?
The cheapest home for sale in Cortez is priced at $15,436.

Home Value Estimator For Cortez, CO

There are currently 4,902 real estate properties in Cortez, CO, with a median automated valuation model (AVM) price of $281,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cortez, CO, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cortez, CO, is $326,742.00, with the most expensive house in Cortez, CO, topping out at $3,818,000.00 and the cheapest home in Cortez, CO, clocking in at $15,436.00. In other words, there’s something for every potential homebuyer or savvy investor in Cortez, CO!

Rent Prices In Cortez, CO

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cortez, CO, is on a rollercoaster ride. The average rent price in Cortez, CO, is $1,078.00. Indeed, when looking to rent in Cortez, CO, you can expect to pay as little as $480.00 or as much as $2,550.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Cortez, CO -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Cortez, CO In 2024

Cortez is located in Montezuma, Colorado, with an estimated municipal population of 8,736 residents. All of the best foreclosed homes for sale in Cortez are located in the following zip code areas on 81321. The estimated population per square kilometer (.62 miles) in Cortez is 541.

Cost Of Living In Cortez, CO

So, about how much do homes cost in Cortez? The most recent median value of resident-owned homes in Cortez is 170,173. An estimated 58.5 percent of households in Cortez own their homes, with an average family size of 2.85. The median household income in Cortez is 42,271, with13.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cortez, the median commute time of resident workers (in minutes) is 17.7. And last, but certainly not least, are you looking for homes to rent in Cortez? If so, the average rent price paid by renters in Cortez is 812, according to recent statistics.

Diversity And Demographics In Cortez, Colorado

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cortez, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Cortez is 38.9, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Cortez is 47.6, with an average family size of 2.85.

The percentage of residents who report their race in Cortez is as follows:

White 78.8%
Black / African American 0.5%
Asian 1.7%
American Indian / Alaskan Native 7.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.5%
Other 7.9%

Looking for family-friendly neighborhoods in and/or near Cortez? Or maybe you are searching for 55+ active adult communities in and/or near Cortez?

The percentage of residents who report their age in Cortez is as follows:

Under 10 12.2%
Aged 10-19 13.8%
20s 11.6%
30s 13.8%
40s 8.7%
50s 14.4%
60s 13.2%
70s 7.4%
80+ 4.9%

Best Schools In Cortez, Colorado

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cortez with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cortez.

Pros And Cons Of Living In Cortez, Colorado

How do you know that living in -- or moving to -- Cortez is right where you need to be? Perhaps you grew up in Cortez or already live nearby; therefore, the decision to buy a home in Cortez is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cortez for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cortez:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cortez.

Reasons To Move To Cortez, Colorado, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cortez can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cortez, meanwhile, can field multiple offers from more qualified buyers.

Cortez, CO Foreclosures


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