Black Forest, Colorado Housing Market Prices
Black Forest Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 23% below the Colorado median$370,907
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Median rent 10% above the Colorado median$1,942
Housing Market Overview
| Metric | Black Forest | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $370,907 | $484,034 | $248,835 |
| Price Trend (Annual %) | 18.4% | 10.4% | 7.5% |
| Median Gross Rent | $1,942 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 1.5% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Black Forest is about 23% lower than in Colorado. Rent is about 10% higher than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Black Forest, up about 18.4% and 1.5% a year respectively. Home prices are changing faster.
Median rent in Black Forest rose about 11.9% between 2015 and 2024, from $1,736 to $1,942. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Black Forest.
Buying the median-priced home in Black Forest costs roughly 15.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Black Forest. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Black Forest | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $370,907 | $484,034 | $248,835 |
| Median Household Income | $146,894 | $95,803 | $80,455 |
| Price-to-Income Ratio | 2.5 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Black Forest rose about 50.1%, while median household income rose about 37.4% between 2009 and 2025 — 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 | Black Forest | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 92.4% | 60.7% | 58.5% |
| Rental Rate | 5.7% | 31.0% | 31.2% |
| Vacancy Rate | 2.0% | 8.3% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Black Forest has a homeownership rate of 92.4%, higher than the Colorado average of 60.7%. Its housing vacancy rate is 2.0%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Black Forest | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 2003 | 1985 | 1978 |
| Median Number of Rooms | 8.2 | 5.7 | 5.5 |
The typical housing unit in Black Forest was built around 2003. On average, 2.8 people live in a home with about 8.2 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Black Forest, Colorado.
What is the median home price in Black Forest, Colorado?
The median home price in Black Forest, Colorado is $370,907, lower than the Colorado average of $484,034.
What is the average home price in Black Forest, Colorado?
The typical home price in Black Forest, Colorado, reported as the median sale price, is $370,907. 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 Black Forest, Colorado?
The median gross rent in Black Forest, Colorado is $1,942 per month, higher than the Colorado average of $1,761.
What was the median gross rent in Black Forest in 2020?
In 2020, the median gross rent in Black Forest, Colorado was $1,857 per month.
What is the price-to-rent ratio in Black Forest, Colorado?
The price-to-rent ratio in Black Forest, Colorado is about 15.9, meaning it would take roughly 15.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Black Forest.
Are home prices or rent rising faster in Black Forest, Colorado?
Both home prices and rent are rising in Black Forest, up about 18.4% and 1.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Black Forest, Colorado?
92.4% of households in Black Forest, Colorado own their home, higher than the Colorado average of 60.7%.
What is the vacancy rate in Black Forest, Colorado?
The housing vacancy rate in Black Forest, Colorado is 2.0%, lower than the Colorado average of 8.3%.
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