Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Adams County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $447,626 | $480,058 | $242,182 |
| Price Trend (Annual %) | 14.8% | 11.8% | 8.2% |
| Median Gross Rent | $1,713 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 6.6% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Adams County is about 7% lower than in Colorado. Rent is about 1% higher than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Adams County, up about 14.8% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Adams County rose about 64.9% between 2015 and 2023, from $1,039 to $1,713. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Adams County.
Buying the median-priced home in Adams County costs roughly 21.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Adams County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Adams County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $447,626 | $480,058 | $242,182 |
| Median Household Income | $91,749 | $93,055 | $78,145 |
| Price-to-Income Ratio | 4.9 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Adams County rose about 193.6%, while median household income rose about 67.1% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Adams County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.4% | 60.6% | 58.2% |
| Rental Rate | 30.0% | 30.8% | 31.3% |
| Vacancy Rate | 3.5% | 8.6% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Adams County has a homeownership rate of 66.4%, higher than the Colorado average of 60.6%. Its housing vacancy rate is 3.5%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Adams County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.81 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1985 | 1984 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Adams County was built around 1985. On average, 2.8 people live in a home with about 5.8 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Adams County, Colorado.
What is the median home price in Adams County, Colorado?
The median home price in Adams County, Colorado is $447,626, lower than the Colorado average of $480,058.
What is the average home price in Adams County, Colorado?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Adams County, Colorado?
The median gross rent in Adams County, Colorado is $1,713 per month, higher than the Colorado average of $1,692.
What was the median gross rent in Adams County in 2020?
In 2020, the median gross rent in Adams County, Colorado was $1,387 per month.
What is the price-to-rent ratio in Adams County, Colorado?
The price-to-rent ratio in Adams County, Colorado is about 21.8, meaning it would take roughly 21.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Adams County.
Are home prices or rent rising faster in Adams County, Colorado?
Both home prices and rent are rising in Adams County, up about 14.8% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Adams County, Colorado?
66.4% of households in Adams County, Colorado own their home, higher than the Colorado average of 60.6%.
What is the vacancy rate in Adams County, Colorado?
The housing vacancy rate in Adams County, Colorado is 3.5%, lower than the Colorado average of 8.6%.