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Unformatted text preview: 13,000, was 56% of the Colorado figure. Apartment rents are similarly low, with an overall
median of $495, according to the Colorado Division of Housing’s multifamily vacancy survey for
the first quarter of 2011. For Q1 2010, the median
value was $488. A decrease in the vacancy rate
for apartments from 12% to 7% has resulted in
a slight upward pressure on rental rates. Pueblo’s
2010 median household income value of $38,326
was only 71% of the Colorado figure of $54,046.
Pueblo’s rate of home ownership is 67.1% of all
occupied units according to the census. However,
the housing stock is showing its age. A comparison
of American Community Survey three-year data
for 2007-2009 reveals that units built prior to 1940
comprise 17.7% of all units—twice the Colorado
figure (9%). Perhaps the best bit of good news
related to Pueblo’s housing market is the substantial reduction in home mortgage foreclosure
filings. Pueblo County Public Trustee data indicate
a 14.8% drop in the number of Q2 filings for 2011
compared to 2010. Pueblo’s Neighborhoods
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery