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 | Clear Creek County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $649,156 | $480,058 | $242,182 |
| Price Trend (Annual %) | 2.6% | 11.8% | 8.2% |
| Median Gross Rent | $1,229 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 6.3% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clear Creek County is about 35% higher than in Colorado. Rent is about 27% 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 Clear Creek County, up about 2.6% and 6.3% a year respectively. Rent is changing faster.
Median rent in Clear Creek County rose about 51.1% between 2015 and 2023, from $813 to $1,229. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 6.6 yearly household incomes in Clear Creek County.
Buying the median-priced home in Clear Creek County costs roughly 44.0 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 Clear Creek County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Clear Creek County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $649,156 | $480,058 | $242,182 |
| Median Household Income | $97,856 | $93,055 | $78,145 |
| Price-to-Income Ratio | 6.6 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clear Creek County rose about 21.3%, while median household income rose about 55.8% 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 | Clear Creek County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.6% | 60.6% | 58.2% |
| Rental Rate | 13.6% | 30.8% | 31.3% |
| Vacancy Rate | 21.8% | 8.6% | 10.6% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Clear Creek County has a homeownership rate of 64.6%, higher than the Colorado average of 60.6%. Its housing vacancy rate is 21.8%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Clear Creek County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.06 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1976 | 1984 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Clear Creek County was built around 1976. On average, 2.1 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clear Creek County, Colorado.
What is the median home price in Clear Creek County, Colorado?
The median home price in Clear Creek County, Colorado is $649,156, higher than the Colorado average of $480,058.
What is the average home price in Clear Creek 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 Clear Creek County, Colorado?
The median gross rent in Clear Creek County, Colorado is $1,229 per month, lower than the Colorado average of $1,692.
What was the median gross rent in Clear Creek County in 2020?
In 2020, the median gross rent in Clear Creek County, Colorado was $1,004 per month.
What is the price-to-rent ratio in Clear Creek County, Colorado?
The price-to-rent ratio in Clear Creek County, Colorado is about 44.0, meaning it would take roughly 44.0 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 Clear Creek County.
Are home prices or rent rising faster in Clear Creek County, Colorado?
Both home prices and rent are rising in Clear Creek County, up about 2.6% and 6.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Clear Creek County, Colorado?
64.6% of households in Clear Creek County, Colorado own their home, higher than the Colorado average of 60.6%.
What is the vacancy rate in Clear Creek County, Colorado?
The housing vacancy rate in Clear Creek County, Colorado is 21.8%, higher than the Colorado average of 8.6%.