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 | Alamosa County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $310,526 | $480,058 | $242,182 |
| Price Trend (Annual %) | 56.8% | 11.8% | 8.2% |
| Median Gross Rent | $904 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 5.4% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alamosa County is about 35% lower than in Colorado. Rent is about 47% lower 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 Alamosa County, up about 56.8% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Alamosa County rose about 42.6% between 2015 and 2023, from $634 to $904. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 6.1 yearly household incomes in Alamosa County.
Buying the median-priced home in Alamosa County costs roughly 28.6 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 Alamosa County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Alamosa County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $310,526 | $480,058 | $242,182 |
| Median Household Income | $50,713 | $93,055 | $78,145 |
| Price-to-Income Ratio | 6.1 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Alamosa County rose about 54.4%, while median household income rose about 59.2% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Alamosa County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.8% | 60.6% | 58.2% |
| Rental Rate | 40.1% | 30.8% | 31.3% |
| Vacancy Rate | 8.1% | 8.6% | 10.6% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Alamosa County has a homeownership rate of 51.8%, lower than the Colorado average of 60.6%. Its housing vacancy rate is 8.1%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Alamosa County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1983 | 1984 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in Alamosa County was built around 1983. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Alamosa County, Colorado.
What is the median home price in Alamosa County, Colorado?
The median home price in Alamosa County, Colorado is $310,526, lower than the Colorado average of $480,058.
What is the average home price in Alamosa 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 Alamosa County, Colorado?
The median gross rent in Alamosa County, Colorado is $904 per month, lower than the Colorado average of $1,692.
What was the median gross rent in Alamosa County in 2020?
In 2020, the median gross rent in Alamosa County, Colorado was $695 per month.
What is the price-to-rent ratio in Alamosa County, Colorado?
The price-to-rent ratio in Alamosa County, Colorado is about 28.6, meaning it would take roughly 28.6 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 Alamosa County.
Are home prices or rent rising faster in Alamosa County, Colorado?
Both home prices and rent are rising in Alamosa County, up about 56.8% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Alamosa County, Colorado?
51.8% of households in Alamosa County, Colorado own their home, lower than the Colorado average of 60.6%.
What is the vacancy rate in Alamosa County, Colorado?
The housing vacancy rate in Alamosa County, Colorado is 8.1%, lower than the Colorado average of 8.6%.