Castle Rock, Colorado Housing Market Prices
Castle Rock 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 34% above the Colorado median$646,376
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Median rent 14% above the Colorado median$2,015
Housing Market Overview
| Metric | Castle Rock | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $646,376 | $484,034 | $248,835 |
| Price Trend (Annual %) | 9.5% | 10.4% | 7.5% |
| Median Gross Rent | $2,015 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Castle Rock is about 34% higher than in Colorado. Rent is about 14% higher than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Castle Rock, up about 9.5% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Castle Rock rose about 65.0% between 2015 and 2024, from $1,221 to $2,015. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Castle Rock.
Buying the median-priced home in Castle Rock costs roughly 26.7 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 Castle Rock. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Castle Rock | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $646,376 | $484,034 | $248,835 |
| Median Household Income | $139,370 | $95,803 | $80,455 |
| Price-to-Income Ratio | 4.6 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Castle Rock rose about 421.9%, while median household income rose about 56.0% 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 | Castle Rock | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.2% | 60.7% | 58.5% |
| Rental Rate | 21.7% | 31.0% | 31.2% |
| Vacancy Rate | 3.1% | 8.3% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Castle Rock has a homeownership rate of 75.2%, higher than the Colorado average of 60.7%. Its housing vacancy rate is 3.1%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Castle Rock | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 2005 | 1985 | 1978 |
| Median Number of Rooms | 7.0 | 5.7 | 5.5 |
The typical housing unit in Castle Rock was built around 2005. On average, 2.7 people live in a home with about 7.0 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Castle Rock, Colorado.
What is the median home price in Castle Rock, Colorado?
The median home price in Castle Rock, Colorado is $646,376, higher than the Colorado average of $484,034.
What is the average home price in Castle Rock, Colorado?
The typical home price in Castle Rock, Colorado, reported as the median sale price, is $646,376. 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 Castle Rock, Colorado?
The median gross rent in Castle Rock, Colorado is $2,015 per month, higher than the Colorado average of $1,761.
What was the median gross rent in Castle Rock in 2020?
In 2020, the median gross rent in Castle Rock, Colorado was $1,622 per month.
What is the price-to-rent ratio in Castle Rock, Colorado?
The price-to-rent ratio in Castle Rock, Colorado is about 26.7, meaning it would take roughly 26.7 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 Castle Rock.
Are home prices or rent rising faster in Castle Rock, Colorado?
Both home prices and rent are rising in Castle Rock, up about 9.5% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Castle Rock, Colorado?
75.2% of households in Castle Rock, Colorado own their home, higher than the Colorado average of 60.7%.
What is the vacancy rate in Castle Rock, Colorado?
The housing vacancy rate in Castle Rock, Colorado is 3.1%, lower than the Colorado average of 8.3%.
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