Steamboat Springs CO...any bad neighborhoods??

Steamboat Springs CO...any bad neighborhoods??

Investor · Anchorage, AK · Member since 2015 · 267 posts · 76 votes

Your town looks beautiful !! I'm researching Steamboat Springs because I might purchase some tax liens at an upcoming auction for Routt county.  I notice your area is quite affluent (median home / condo price $490K !), but I imagine there are some "bad" neighborhoods due to too much crime, highway noise, noise from trains, or other factors.

Can you tell me where those less desireable neighborhoods are? Also, are there any neighborhoods where SFR sell for $200K to $400K?

-Tricia

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Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
10y

Steamboat Springs is a resort town.  The vast majority of the housing is near the base of the ski area, in the form of condo projects.  Not that many SFRs to begin with and I don't think you'll find anything except a partial ownership of a condo in the price range you're considering.

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  • Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    10y

    Steamboat Springs is a resort town.  The vast majority of the housing is near the base of the ski area, in the form of condo projects.  Not that many SFRs to begin with and I don't think you'll find anything except a partial ownership of a condo in the price range you're considering.

  • Investor · Anchorage, AK · Member since 2015 · 267 posts · 76 votes
    10y

    What about Hayden? Any SFR there in the price range $200K to $400K? Do a lot of people commute from Hayden to Steamboat Springs?

  • Linda WeygantPro Member
    Investor and CPA · Arvada, CO · Member since 2015 · 2k+ posts · 3k+ votes
    10y

    Well, the population of Hayden is 1800 and the population of Steamboat is 12,000, so it really depends on what you mean by "a lot" of commuters.

    People who work at the ski area in Steamboat might live in a town like Hayden because Steamboat, like many of the Colorado ski areas, is completely unaffordable for the average worker.  But tourists certainly would not as the towns are 25 miles apart which, in a snowstorm could mean well over a 2 hour drive.

    Steamboat is also about 10 square miles, so if there were a "bad" part of Steamboat (and there isn't), the whole town would be close to it.

    Steamboat has a quaint downtown area, a very definitive ski-resort area and then the rest is all highly agricultural with cattle and horse ranches as well as farms that grow livestock feed crops like alfalfa.  It's also got quite a few artists in the area as well.

    If I bought property in Steamboat, it would be to live in, to be quite honest.

  • Bill S.Pro Member
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    Rental Property Investor · Denver, CO · Member since 2013 · 4k+ posts · 2k+ votes
    10y

    @Tricia O'Brien every area has the "other side of the tracks". Coming from a larger metro area, the small communities idea of "the other side of the tracks" is laughable. There is a railroad and main highway that follows the river through the area. Being close to that would be undesirable to me but it's definitely not what I would consider to be a "bad area".

    You should be careful with tax liens as there is a rather large amount of federal land in the county and it's not uncommon to have tracts of land that have no legal access. 

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