Erie Colorado
Property Management

ERIE COLORADO DETAILS

Brief Historical Notes

The Town of Erie was named in the year of 1867 and officially incorporated in November of 1874. It was a mining town where the miners were locals. Coal rose to popularity in the area during the 1860s. The Denver-Pacific Spur Railroad came into service in 1870. Because of the railroad service being able to transport coal out quickly and effectively to neighboring areas, Erie grew immensely in popularity.

This town was “wet”. In fact, it was one of the only of such towns at the time. Eventually, eleven saloons were established on Briggs Street. This resulted in continued growth and construction, bringing the jail into existence. Several floods have impacted the area throughout history. After the conclusion of World War II, the coal demand dropped significantly. By 1978, all mines were closed. Since that time, the town has gained the reputation of being one of the safest areas to live within the State of Colorado. Today, homes continue to be constructed and the demand for real estate is at an all-time high.

Is Erie a Good Place to Live?

Yes, Erie is considered to be a very safe community. The area provides a rural feel. While there are rental properties available in and around the town, most of the residents in the community own their home. If you are a real estate investor that specializes in flipping homes, Erie offers you many opportunities. Being that most are homeowners in the area, if they decide to sell, you will find that it is often at or below fair market value.

Because of the demand to live in the area, you can easily purchase properties for low, fix them up, and sell them at significantly higher prices. If you would like the inside scoop on the best-priced properties, you may contact us here at Pioneer Property Management today.

What Attracts People to Erie, Colorado?

There are many reasons why individuals are attracted to the Town of Erie. One of the main reasons is all that is available on Briggs Street – which is the main street within the town. Here, you will find a vast assortment of restaurants, pubs, specialty stores, and service businesses. In addition to having a large assortment of businesses, there are many residences available on Briggs Street. Many who want to reside in the area are in the market for one of these homes as they are in close proximity to all of the happenings in the area. If you are in the market to invest, it is advised that you search for properties that are on or in close proximity to Briggs Street. These offer the highest potential for profits.

When traveling through Briggs Street in Erie, you will find that the style is reflective of the West and that everything is constructed in a way that is quite quaint. The sidewalks are lined with outdoor dining tables and benches – which help in boosting the social aspects of the town. In the residential area, homes line the street. While close to one another, each has ample lawn space. This means everyone is close enough to enjoy each other, but far enough apart to have their privacy and plenty of outdoor space. The homes display all types of architectural styles – from classic to modern.

What is the Weather Like in Erie, Colorado?

In Erie, it is sunny approximately 246 days out of the year. It experiences precipitation about 70 days out of the year. Total snowfall for the year is estimated to be about 37 inches. Rain is about 14 inches each year, in total. The average high is during the Month of July and that ranks in at about 90°F. The lowest temperatures are in the Month of January. This is about 14°F. The Best Places Comfort Index ranks Erie, Colorado at a 7.3. A score of “10” is the best. So, this indicates that this town is one of the most comfortable places – in terms of weather – to live, work, and play out of the entire state. The wonderful weather makes Erie highly attractive to many individuals.

What is the Elevation of Erie, Colorado?

Erie, Colorado is at an elevation of 5,280 feet. This measures out to be a total of a mile above sea level. It has recently been established that living in an area with a higher altitude is highly beneficial to the health. As a result of these findings, many people are now flocking to areas of higher elevation. People in and around Erie, Colorado experience lower mortality rates from stroke, various types of cardiovascular diseases, and certain types of cancers. By investing in real estate in Erie, you can take part in this new health movement. Given the high cost of healthcare, many are taking measures into their own hands to optimize their health.

Housing Market and Trends in Erie, Colorado

Currently, home prices are up a total of just over 30% than they were a year prior. The median price for a home – at this point in time – ranks in at approximately $840,000.00. Generally, a home will sell within the first 7 days that it is placed on the market. In May of 2022 alone, a total of 85 homes were sold in the Town of Erie. In May of 2021, only 59 homes were sold. This provides confirmation that the popularity of the area is increasing and solidifies the demand of the housing market in the area. The Compete Score ranks in at a 90, which means that the housing market is highly competitive. In terms of rentals, the average price to rent in the area ranges from $1900 a month to upwards of nearly $4000 a month. It all depends on the type of rental and how many bedrooms of that rental.