El Paso County, Colorado Housing Market Prices
El Paso 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 7% below the Colorado median$449,839
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Median rent 4% below the Colorado median More expensive than 75% of counties in Colorado$1,696
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | El Paso County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,839 | $484,034 | $248,835 |
| Price Trend (Annual %) | 11.0% | 10.4% | 7.5% |
| Median Gross Rent | $1,696 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 6.7% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in El Paso County is about 7% lower than in Colorado. Rent is about 4% lower 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 El Paso County, up about 11.0% and 6.7% a year respectively. Home prices are changing faster.
Median rent in El Paso County rose about 73.9% between 2015 and 2024, from $975 to $1,696. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in El Paso County.
Buying the median-priced home in El Paso County costs roughly 22.1 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 El Paso County. The price-to-rent ratio in Colorado is about 22.9.
| Metric | El Paso County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,839 | $484,034 | $248,835 |
| Median Household Income | $91,268 | $95,803 | $80,455 |
| Price-to-Income Ratio | 4.9 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in El Paso County rose about 148.2%, while median household income rose about 52.2% 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 | El Paso County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.3% | 60.7% | 58.5% |
| Rental Rate | 32.3% | 31.0% | 31.2% |
| Vacancy Rate | 4.4% | 8.3% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
El Paso County has a homeownership rate of 63.3%, higher than the Colorado average of 60.7%. Its housing vacancy rate is 4.4%, compared with 8.3% in Colorado.
Housing Stock
| Metric | El Paso County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1988 | 1985 | 1978 |
| Median Number of Rooms | 6.2 | 5.7 | 5.5 |
The typical housing unit in El Paso County was built around 1988. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 12.0 years on average.
El Paso County, CO Housing Compared With Nearby Counties
El Paso County, CO is the largest of the 6 counties compared here, 742,974 residents against a local median of 169,356. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes El Paso County, CO an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is homeownership, 14% below the local median at 66.2% against 77.4%. El Paso County, CO has the 5th highest homeownership of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| El Paso County, CO | 742,974 | $449,839 #4/6 | $1,696 #4/6 | 66.2% #5/6 |
| Elbert County, CO | 27,839 | $626,775 | $1,310 | 95.0% |
| Teller County, CO | 24,825 | $446,907 | $1,880 | 81.0% |
| Douglas County, CO | 377,140 | $701,148 | $2,192 | 77.4% |
| Pueblo County, CO | 169,356 | $228,671 | $1,110 | 68.9% |
| Arapahoe County, CO | 647,849 | $489,057 | $1,890 | 65.0% |
Frequently Asked Questions
Common questions about the housing market in El Paso County, Colorado.
What is the median home price in El Paso County, Colorado?
The median home price in El Paso County, Colorado is $449,839, lower than the Colorado average of $484,034.
What is the average home price in El Paso County, Colorado?
The typical home price in El Paso County, Colorado, reported as the median sale price, is $449,839. 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 El Paso County, Colorado?
The median gross rent in El Paso County, Colorado is $1,696 per month, lower than the Colorado average of $1,761.
What was the median gross rent in El Paso County in 2020?
In 2020, the median gross rent in El Paso County, Colorado was $1,233 per month.
What is the price-to-rent ratio in El Paso County, Colorado?
The price-to-rent ratio in El Paso County, Colorado is about 22.1, meaning it would take roughly 22.1 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 El Paso County.
Are home prices or rent rising faster in El Paso County, Colorado?
Both home prices and rent are rising in El Paso County, up about 11.0% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in El Paso County, Colorado?
63.3% of households in El Paso County, Colorado own their home, higher than the Colorado average of 60.7%.
What is the vacancy rate in El Paso County, Colorado?
The housing vacancy rate in El Paso County, Colorado is 4.4%, lower than the Colorado average of 8.3%.
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