Chaffee County, Colorado Housing Market Prices
Chaffee County 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 38% above the Colorado median More expensive than 84% of counties in Colorado$667,525
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Median rent 9% below the Colorado median More expensive than 70% of counties in Colorado$1,611
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Chaffee County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $667,525 | $484,034 | $248,835 |
| Price Trend (Annual %) | 16.3% | 10.4% | 7.5% |
| Median Gross Rent | $1,611 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 8.7% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chaffee County is about 38% higher than in Colorado. Rent is about 9% lower 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 Chaffee County, up about 16.3% and 8.7% a year respectively. Home prices are changing faster.
Median rent in Chaffee County rose about 100.9% between 2015 and 2024, from $802 to $1,611. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 8.0 yearly household incomes in Chaffee County.
Buying the median-priced home in Chaffee County costs roughly 34.5 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 Chaffee County. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Chaffee County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $667,525 | $484,034 | $248,835 |
| Median Household Income | $83,141 | $95,803 | $80,455 |
| Price-to-Income Ratio | 8.0 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Chaffee County rose about 17.1%, while median household income rose about 69.3% between 2009 and 2025 — 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 | Chaffee County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.7% | 60.7% | 58.5% |
| Rental Rate | 22.2% | 31.0% | 31.2% |
| Vacancy Rate | 14.1% | 8.3% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Chaffee County has a homeownership rate of 63.7%, higher than the Colorado average of 60.7%. Its housing vacancy rate is 14.1%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Chaffee County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.90 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1990 | 1985 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Chaffee County was built around 1990. On average, 1.9 people live in a home with about 5.5 rooms, staying for about 13.0 years on average.
Chaffee County, CO Housing Compared With Nearby Counties
How Chaffee County, CO compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Chaffee County, CO | 20,178 | $667,525 #1/3 | $1,611 #2/3 | 74.1% #3/3 |
| Park County, CO | 17,906 | $292,948 | $2,160 | 86.2% |
| Fremont County, CO | 49,630 | $182,197 | $1,070 | 75.6% |
Frequently Asked Questions
Common questions about the housing market in Chaffee County, Colorado.
What is the median home price in Chaffee County, Colorado?
The median home price in Chaffee County, Colorado is $667,525, higher than the Colorado average of $484,034.
What is the average home price in Chaffee County, Colorado?
The typical home price in Chaffee County, Colorado, reported as the median sale price, is $667,525. 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 Chaffee County, Colorado?
The median gross rent in Chaffee County, Colorado is $1,611 per month, lower than the Colorado average of $1,761.
What was the median gross rent in Chaffee County in 2020?
In 2020, the median gross rent in Chaffee County, Colorado was $1,103 per month.
What is the price-to-rent ratio in Chaffee County, Colorado?
The price-to-rent ratio in Chaffee County, Colorado is about 34.5, meaning it would take roughly 34.5 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 Chaffee County.
Are home prices or rent rising faster in Chaffee County, Colorado?
Both home prices and rent are rising in Chaffee County, up about 16.3% and 8.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Chaffee County, Colorado?
63.7% of households in Chaffee County, Colorado own their home, higher than the Colorado average of 60.7%.
What is the vacancy rate in Chaffee County, Colorado?
The housing vacancy rate in Chaffee County, Colorado is 14.1%, higher than the Colorado average of 8.3%.
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