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 | Archuleta County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,009,636 | $480,058 | $242,182 |
| Price Trend (Annual %) | 24.3% | 11.8% | 8.2% |
| Median Gross Rent | $1,409 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 7.1% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Archuleta County is about 110% higher than in Colorado. Rent is about 17% 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 Archuleta County, up about 24.3% and 7.1% a year respectively. Home prices are changing faster.
Median rent in Archuleta County rose about 49.0% between 2015 and 2023, from $945 to $1,409. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 13.2 yearly household incomes in Archuleta County.
Buying the median-priced home in Archuleta County costs roughly 59.7 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 Archuleta County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Archuleta County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,009,636 | $480,058 | $242,182 |
| Median Household Income | $76,450 | $93,055 | $78,145 |
| Price-to-Income Ratio | 13.2 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Archuleta County rose about 233.9%, while median household income rose about 39.6% 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 | Archuleta County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.1% | 60.6% | 58.2% |
| Rental Rate | 13.7% | 30.8% | 31.3% |
| Vacancy Rate | 39.2% | 8.6% | 10.6% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Archuleta County has a homeownership rate of 47.1%, lower than the Colorado average of 60.6%. Its housing vacancy rate is 39.2%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Archuleta County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1994 | 1984 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Archuleta County was built around 1994. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Archuleta County, Colorado.
What is the median home price in Archuleta County, Colorado?
The median home price in Archuleta County, Colorado is $1,009,636, higher than the Colorado average of $480,058.
What is the average home price in Archuleta 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 Archuleta County, Colorado?
The median gross rent in Archuleta County, Colorado is $1,409 per month, lower than the Colorado average of $1,692.
What was the median gross rent in Archuleta County in 2020?
In 2020, the median gross rent in Archuleta County, Colorado was $996 per month.
What is the price-to-rent ratio in Archuleta County, Colorado?
The price-to-rent ratio in Archuleta County, Colorado is about 59.7, meaning it would take roughly 59.7 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 Archuleta County.
Are home prices or rent rising faster in Archuleta County, Colorado?
Both home prices and rent are rising in Archuleta County, up about 24.3% and 7.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Archuleta County, Colorado?
47.1% of households in Archuleta County, Colorado own their home, lower than the Colorado average of 60.6%.
What is the vacancy rate in Archuleta County, Colorado?
The housing vacancy rate in Archuleta County, Colorado is 39.2%, higher than the Colorado average of 8.6%.