Thoughts on Durango (to live in, investment, great)

[Hal Roach]

Some of those areas are adopting no growth policies which will really hurt the housing supply and the working class. I ha e seen some good deals in Monte Vista, but it is really cold there. That is what keeps me looking in AZ, but CO would be beautiful. Saw a little house in Westcliffe for 60k, the other day...most places would be very car dependent. Would also give consideration about medical services, too.

[waltchan]

Originally Posted by DurangoJoe

Bring lots of $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$!! Housing is very expensive. I live 20 miles east in Bayfield where the cost isn't as high..... more for your money. But even Bayfield prices are rising. Seems everybody wants to live in and around Durango.

https://www.zillow.com/la-plata-county-co/home-values/

On the other hand, Aztec, NM is insanely cheap. It's a great investment city to live in now.

[justmyopinion]

Durango is expensive, and has very few jobs. The problem with Durango is, too many people from Texas and other states have part time homes there. As a result, there isn't much of a "community". Just part-timers who flit into town once in awhile. You can live in an area with houses, and no one is home.

Traffic has gotten terrible because there is only 1 road that goes through town. The summer is awful, so locals stay OUT of town because the tourists make it unbearable. To many restaurants, to many RVs and tourists, and not enough infrastructure to actually LIVE there.

[DurangoJoe]

Originally Posted by waltchan

On the other hand, Aztec, NM is insanely cheap. It's a great investment city to live in now.

Actually, Aztec is already a consideration for us sometime in the future for that very reason.

[vitormilak]

Hello guys. This is my first post in this Forum.
I'm from Brazil, I lived in Durango, Co for 3,5 months between winter season of 2011/2012.
I just found this Thread and I would like to know if anyone could share with me, what happened in the past 8 years (since I lived this area) that changes a lot the prices of housing and etc..

[snowave]

Pretty much the same thing that's happened in most resort towns across the country. The prices of everything have dramatically risen for all the reasons listed on this thread.

I realize this thread is a year old, but I'll throw in my opinion.

I lived in Pagosa Springs for 3 yrs (moved away in 2019), and we enjoyed going to Durango for day trips, etc. It i a fun place, but as other have said, it's gotten out of hand with development and cost of living, except for those that are financially well off, or people who are OK working 2 jobs to make ends meet.

If you are set on the area, I would also consider the outlying towns, such as Bayfield, Mancos, Cortez or Aztec. (probably in that order, too).

[Hschlick84]

I'm surprised nobody mentioned Farmington, NM as an alternative to Durango. It's roughly an hour south if you want outdoor mountain experience and way cheaper COL.

[CosmicWizard]

Originally Posted by DurangoJoe

Seems everybody wants to live in and around Durango.

https://www.zillow.com/la-plata-county-co/home-values/

What can you say about nearby Farmington-New Mexico? Many affordable homes currently on the market.

[wilberry]

it is expensive everywhere, anywhere where anyone would want to live in every town or city except Lamar it is called “The #1 Most Affordable City to Live in Colorado!

[snowave]

Originally Posted by CosmicWizard

What can you say about nearby Farmington-New Mexico? Many affordable homes currently on the market.

Farmington is in the desert. It's an OK town for a desert town, but If you want to be near the mountains, it's at least an hour away. It does not have a mountain feel to it at all. It has many of the big box stores if thats important to you. Many do there shopping there from Durango.