Let’s face it, affordable homes are tough to find in Fort Collins.  The shortage of quality inventory has pushed a lot of first time buyers out of the city but for those who are lucky enough to afford to be in Fort Collins, competition is fierce and prices have been consistently rising for the better part of the last 3-4 years.  First time buyers, or move up buyers from condos and townhomes, need a good amount space along with proximity to amenities, schools, and work – but can it still be found? You better believe it!  Our list of the top 4 entry level neighborhoods in Fort Collins proves there are still some great homes out there – you just have to know where to look.

Because home value is entirely relative, we define an “entry level neighborhood” as an area whose median home value is consistently below Fort Collins’ median home value.   For example, so far in 2016 the median home value in Fort Collins is just below $340,000.  All of the 2015 median values for the neighborhoods described below are still below $300,000.

Top 4 Entry Level Neighborhoods in Fort Collins

Troutman Park Area

Neighborhoods Included

Larkborough, Woodlands, South Glen, Four Seasons, Park South, Willow Park,

Historic Home Sale Data

[table]
,2013,2014,2015
Total Sales,78,75,77
Highest Price,$290000,$329000,$355000
Lowest Price,$166100,$180000,$218325
Median Price,$224450,$255000,$290000
[/table]

Schools

Elementary:  Lopez

Middle: Webber

High: Rocky Mountain

What’s Special About The Troutman Park Area?

The Troutman Park neighborhood is one of mid-town Fort Collins’ most appealing neighborhoods for entry level buyers because of unique proximity to the MAX corridor which runs along Mason from Harmony through Old Town.  Neighbors can work and play in Old Town and zip down MAX to their more affordable homes in the Troutman Park Neighborhood.  Commuters also love the quick escape south on College or East on Harmony.    Homes range from about 1200sf all the way up to 3500 sf and were built between 1980 and 2000.  With Troutman Park centered in the neighborhood, neighbors can enjoy tons of open space and recreation.

The Rossborough Park Area

Neighborhoods Included

Rossborough, Wagon Wheel, Kingston Woods

Historic Home Sale Data

[table]
,2013,2014,2015
Total Sales,91,77,79
Highest Price,$295000,$400000,$370000
Lowest Price,$135516,$177000,$210000
Median Price,$225000,$245000,$275000
[/table]

Schools

Elementary: Johnson/Beattie

Middle: Webber

High School:  Rocky Mountain

What’s Special About The Rossborough Park Area?

Entry level buyers love the Rossborough Park area for outdoor opportunities.  Built around Rossborough Park and within walking or biking distance of Spring Canyon Community Park, neighbors get to enjoy foothills living and recreation at affordable rates.  Homes in the Rossborough Park area were built between 1980 and 1995 and vary in size from 1000sf to 3500sf.  Entry level buyers enjoy good sized lots with plenty of mature trees, many homes have foothills views.

Brown Farm

Neighborhoods Included

Brown Farm, Fairbrooke

Historic Home Sale Data

[table]
,2013,2014,2015
Total Sales,65,70,76
Highest Price,$325000,$360000,$405000
Lowest Price,$160000,$184500,$198000
Median Price,$235000,$251175,$295000
[/table]

Schools

Elementary: Bauder/Olander

Middle: Blevins

High: Rocky Mountain

What’s Special About Brown Farm?

Brown Farm is an up and coming neighborhood that is really appealing to entry level homebuyers.  Large homes on large lots on the quiet, west side of town have been attracting plenty of attention over the past few years.  Brown Farm is the older side of the neighborhood, getting built between 1970 and 1985, whereas Fairbrooke has homes developed between 1985 and 2000. There are plenty of great trails, a small pocket park, and just a stones throw away from the West Campus area.

Foothills Area

Neighborhoods Included

Southmoor, Village East, Scotch Pines, Thunderbird

Historic Home Sale Data

[table]
,2013,2014,2015
Total Sales,55,43,36
Highest Price,$312500,$332000,$386000
Lowest Price,$184900,$179000,$220180
Median Price,$235000,$250000,$295000
[/table]

Schools:

Elementary: Odea/Shephardson

Middle: Boltz

High School: Fort Collins

What’s Special about the Foothills Area?

Plenty of new homebuyers are excited about the Foothills Area with the recent redevelopment of Foothills Mall.  There is a lot of excitement in mid-town Fort Collins.  Ample entertainment options, restaurants and recreation are within walking distance.  On the north-east side of the neighborhood, residents can enjoy the Scotch Pines Village, with a grocery store, coffee shop, new distillery, juicery, and plenty of specialty shops.  The Foothills area can’t be beat!

Traits of The Entry Level Neighborhoods in Fort Collins

entry level neighborhoods in fort collinsYou’ll notice that many of the entry level neighborhoods in Fort Collins are along the midtown corridor or favor the western side of town for recreation and views.  Home buyers love the proximity to amentities that mean the most to them and favor walkable and enjoyable neighborhoods.  The majority of these homes were built in the mid 1970’s to the mid 1980’s – which is exactly when the majority of these homebuyers were born.  Buyers are intrinsically drawn to homes that feel familiar and comfortable, and these homes fit the bill.  Add in that these neighborhoods are mature with developed landscaping and large, shady trees, and it’s easy for them to find a place to call home.

If you own a home in any of these desirable neighborhoods, you might consider the opportunity of putting it on the market and moving up.  Because of the lack of affordable inventory, you’d be surprised what kind of competition you’ll see when we list your home.  Give us a call today to understand your home value and the opportunities we can provide in today’s seller’s market, you’ll be glad you did.

Ascent Real Estate Professionals are committed to bringing you useful information, timely advice and expert service whenever you need it.  Whether it’s Fort Collins, Loveland, Windsor, Greeley or anywhere in between, we’ve got Northern Colorado covered.  Feel free to contact Ascent or subscribe to our newsletters and market reports.  We want to hear from you!