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 | Eagle County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,539,146 | $480,058 | $242,182 |
| Price Trend (Annual %) | 26.4% | 11.8% | 8.2% |
| Median Gross Rent | $2,032 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 6.8% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Eagle County is about 221% higher than in Colorado. Rent is about 20% higher 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 Eagle County, up about 26.4% and 6.8% a year respectively. Home prices are changing faster.
Median rent in Eagle County rose about 59.8% between 2015 and 2023, from $1,272 to $2,032. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 14.8 yearly household incomes in Eagle County.
Buying the median-priced home in Eagle County costs roughly 63.1 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 Eagle County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Eagle County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,539,146 | $480,058 | $242,182 |
| Median Household Income | $103,986 | $93,055 | $78,145 |
| Price-to-Income Ratio | 14.8 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Eagle County rose about 297.0%, while median household income rose about 48.4% 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 | Eagle County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.2% | 60.6% | 58.2% |
| Rental Rate | 20.3% | 30.8% | 31.3% |
| Vacancy Rate | 37.5% | 8.6% | 10.6% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Eagle County has a homeownership rate of 42.2%, lower than the Colorado average of 60.6%. Its housing vacancy rate is 37.5%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Eagle County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1991 | 1984 | 1978 |
| Median Number of Rooms | 4.7 | 5.7 | 5.5 |
The typical housing unit in Eagle County was built around 1991. On average, 2.6 people live in a home with about 4.7 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Eagle County, Colorado.
What is the median home price in Eagle County, Colorado?
The median home price in Eagle County, Colorado is $1,539,146, higher than the Colorado average of $480,058.
What is the average home price in Eagle 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 Eagle County, Colorado?
The median gross rent in Eagle County, Colorado is $2,032 per month, higher than the Colorado average of $1,692.
What was the median gross rent in Eagle County in 2020?
In 2020, the median gross rent in Eagle County, Colorado was $1,611 per month.
What is the price-to-rent ratio in Eagle County, Colorado?
The price-to-rent ratio in Eagle County, Colorado is about 63.1, meaning it would take roughly 63.1 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 Eagle County.
Are home prices or rent rising faster in Eagle County, Colorado?
Both home prices and rent are rising in Eagle County, up about 26.4% and 6.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Eagle County, Colorado?
42.2% of households in Eagle County, Colorado own their home, lower than the Colorado average of 60.6%.
What is the vacancy rate in Eagle County, Colorado?
The housing vacancy rate in Eagle County, Colorado is 37.5%, higher than the Colorado average of 8.6%.