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 | Baca County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $33,214 | $480,058 | $242,182 |
| Price Trend (Annual %) | -13.3% | 11.8% | 8.2% |
| Median Gross Rent | $490 | $1,692 | $1,342 |
| Rent Trend (Annual %) | -0.7% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Baca County is about 93% lower than in Colorado. Rent is about 71% lower than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2023
Both home prices and rent are falling in Baca County, down about 13.3% and 0.7% a year respectively. Home prices are changing faster.
Median rent in Baca County fell about 6.7% between 2015 and 2023, from $525 to $490. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Baca County.
Buying the median-priced home in Baca County costs roughly 5.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Baca County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Baca County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $33,214 | $480,058 | $242,182 |
| Median Household Income | $40,380 | $93,055 | $78,145 |
| Price-to-Income Ratio | 0.8 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Baca County fell about 52.6%, while median household income rose about 21.9% 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 | Baca County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.1% | 60.6% | 58.2% |
| Rental Rate | 16.9% | 30.8% | 31.3% |
| Vacancy Rate | 26.1% | 8.6% | 10.6% |
| Median Tenure (years) | 16.0 | 13.0 | 15.0 |
| Median Year Moved In | 2010 | 2013 | 2011 |
Baca County has a homeownership rate of 57.1%, lower than the Colorado average of 60.6%. Its housing vacancy rate is 26.1%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Baca County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.12 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1972 | 1984 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Baca County was built around 1972. On average, 2.1 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Baca County, Colorado.
What is the median home price in Baca County, Colorado?
The median home price in Baca County, Colorado is $33,214, lower than the Colorado average of $480,058.
What is the average home price in Baca 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 Baca County, Colorado?
The median gross rent in Baca County, Colorado is $490 per month, lower than the Colorado average of $1,692.
What was the median gross rent in Baca County in 2020?
In 2020, the median gross rent in Baca County, Colorado was $432 per month.
What is the price-to-rent ratio in Baca County, Colorado?
The price-to-rent ratio in Baca County, Colorado is about 5.7, meaning it would take roughly 5.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Baca County.
Are home prices or rent rising faster in Baca County, Colorado?
Both home prices and rent are falling in Baca County, down about 13.3% and 0.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Baca County, Colorado?
57.1% of households in Baca County, Colorado own their home, lower than the Colorado average of 60.6%.
What is the vacancy rate in Baca County, Colorado?
The housing vacancy rate in Baca County, Colorado is 26.1%, higher than the Colorado average of 8.6%.