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 | Dolores County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $418,750 | $480,058 | $242,182 |
| Price Trend (Annual %) | 417.3% | 11.8% | 8.2% |
| Median Gross Rent | $1,687 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 34.1% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dolores County is about 13% lower than in Colorado. Rent follows a similar pattern, running close to 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 Dolores County, up about 417.3% and 34.1% a year respectively. Home prices are changing faster.
Median rent in Dolores County rose about 122.3% between 2015 and 2023, from $759 to $1,687. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 6.0 yearly household incomes in Dolores County.
Buying the median-priced home in Dolores County costs roughly 20.7 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 Dolores County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Dolores County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $418,750 | $480,058 | $242,182 |
| Median Household Income | $69,882 | $93,055 | $78,145 |
| Price-to-Income Ratio | 6.0 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dolores County rose about 4387.1%, while median household income rose about 64.4% between 2009 and 2023 — 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 | Dolores County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.5% | 60.6% | 58.2% |
| Rental Rate | 12.0% | 30.8% | 31.3% |
| Vacancy Rate | 24.5% | 8.6% | 10.6% |
| Median Tenure (years) | 29.0 | 13.0 | 15.0 |
| Median Year Moved In | 1997 | 2013 | 2011 |
Dolores County has a homeownership rate of 63.5%, higher than the Colorado average of 60.6%. Its housing vacancy rate is 24.5%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Dolores County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.93 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1980 | 1984 | 1978 |
| Median Number of Rooms | 4.9 | 5.7 | 5.5 |
The typical housing unit in Dolores County was built around 1980. On average, 1.9 people live in a home with about 4.9 rooms, staying for about 29.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dolores County, Colorado.
What is the median home price in Dolores County, Colorado?
The median home price in Dolores County, Colorado is $418,750, lower than the Colorado average of $480,058.
What is the average home price in Dolores 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 Dolores County, Colorado?
The median gross rent in Dolores County, Colorado is $1,687 per month, about the same as the Colorado average.
What was the median gross rent in Dolores County in 2020?
In 2020, the median gross rent in Dolores County, Colorado was $291 per month.
What is the price-to-rent ratio in Dolores County, Colorado?
The price-to-rent ratio in Dolores County, Colorado is about 20.7, meaning it would take roughly 20.7 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 Dolores County.
Are home prices or rent rising faster in Dolores County, Colorado?
Both home prices and rent are rising in Dolores County, up about 417.3% and 34.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Dolores County, Colorado?
63.5% of households in Dolores County, Colorado own their home, higher than the Colorado average of 60.6%.
What is the vacancy rate in Dolores County, Colorado?
The housing vacancy rate in Dolores County, Colorado is 24.5%, higher than the Colorado average of 8.6%.