Elbert County, Colorado Housing Market Prices
Elbert 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 29% above the Colorado median More expensive than 81% of counties in Colorado$626,775
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Median rent 26% below the Colorado median$1,310
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Elbert County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $626,775 | $484,034 | $248,835 |
| Price Trend (Annual %) | 9.3% | 10.4% | 7.5% |
| Median Gross Rent | $1,310 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 1.6% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Elbert County is about 29% higher than in Colorado. Rent is about 26% 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 Elbert County, up about 9.3% and 1.6% a year respectively. Home prices are changing faster.
Median rent in Elbert County rose about 21.0% between 2015 and 2024, from $1,083 to $1,310. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Elbert County.
Buying the median-priced home in Elbert County costs roughly 39.9 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 Elbert County. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Elbert County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $626,775 | $484,034 | $248,835 |
| Median Household Income | $130,488 | $95,803 | $80,455 |
| Price-to-Income Ratio | 4.8 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Elbert County rose about 94.1%, while median household income rose about 63.5% 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 | Elbert County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 90.5% | 60.7% | 58.5% |
| Rental Rate | 4.7% | 31.0% | 31.2% |
| Vacancy Rate | 4.8% | 8.3% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Elbert County has a homeownership rate of 90.5%, higher than the Colorado average of 60.7%. Its housing vacancy rate is 4.8%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Elbert County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.78 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1999 | 1985 | 1978 |
| Median Number of Rooms | 7.3 | 5.7 | 5.5 |
The typical housing unit in Elbert County was built around 1999. On average, 2.8 people live in a home with about 7.3 rooms, staying for about 14.0 years on average.
Elbert County, CO Housing Compared With Nearby Counties
Elbert County, CO is the smallest of the 5 counties compared here, 27,839 residents against a local median of 586,687. The measure that sets Elbert County, CO apart most is homeownership: 95.0%, 41% above the local median of 67.4%. That is the better end of the local range on this measure.
Median home price tells the same story from another angle: $626,775 against a local median of $482,683, 30% above it. The counties themselves sit within 12.4% of each other on homeownership, a tighter band than the gap between any of them and Elbert County, CO, which makes it a genuine outlier here rather than one end of a wide local spread. Elbert County, CO has the highest homeownership of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Elbert County, CO | 27,839 | $626,775 #2/5 | $1,310 #5/5 | 95.0% #1/5 |
| Arapahoe County, CO | 647,849 | $489,057 | $1,890 | 65.0% |
| El Paso County, CO | 742,974 | $449,839 | $1,696 | 66.2% |
| Adams County, CO | 525,525 | $476,309 | $1,780 | 68.5% |
| Douglas County, CO | 377,140 | $701,148 | $2,192 | 77.4% |
Frequently Asked Questions
Common questions about the housing market in Elbert County, Colorado.
What is the median home price in Elbert County, Colorado?
The median home price in Elbert County, Colorado is $626,775, higher than the Colorado average of $484,034.
What is the average home price in Elbert County, Colorado?
The typical home price in Elbert County, Colorado, reported as the median sale price, is $626,775. 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 Elbert County, Colorado?
The median gross rent in Elbert County, Colorado is $1,310 per month, lower than the Colorado average of $1,761.
What was the median gross rent in Elbert County in 2020?
In 2020, the median gross rent in Elbert County, Colorado was $1,202 per month.
What is the price-to-rent ratio in Elbert County, Colorado?
The price-to-rent ratio in Elbert County, Colorado is about 39.9, meaning it would take roughly 39.9 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 Elbert County.
Are home prices or rent rising faster in Elbert County, Colorado?
Both home prices and rent are rising in Elbert County, up about 9.3% and 1.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Elbert County, Colorado?
90.5% of households in Elbert County, Colorado own their home, higher than the Colorado average of 60.7%.
What is the vacancy rate in Elbert County, Colorado?
The housing vacancy rate in Elbert County, Colorado is 4.8%, lower than the Colorado average of 8.3%.
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