Erie, Colorado Housing Market Prices
Updated
Erie 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.
-
Median home price 80% above the Colorado median$872,338
-
Median rent 45% above the Colorado median$2,558
Housing Market Overview
| Metric | Erie | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $872,338 | $484,034 | $248,835 |
| Price Trend (Annual %) | 19.2% | 10.4% | 7.5% |
| Median Gross Rent | $2,558 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 7.9% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Erie is about 80% higher than in Colorado. Rent is about 45% higher 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 Erie, up about 19.2% and 7.9% a year respectively. Home prices are changing faster.
Median rent in Erie rose about 64.7% between 2015 and 2024, from $1,553 to $2,558. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in Erie.
Buying the median-priced home in Erie costs roughly 28.4 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 Erie. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Erie | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $872,338 | $484,034 | $248,835 |
| Median Household Income | $171,687 | $95,803 | $80,455 |
| Price-to-Income Ratio | 5.1 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Erie rose about 130.0%, while median household income rose about 63.7% 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 | Erie | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 83.9% | 60.7% | 58.5% |
| Rental Rate | 14.4% | 31.0% | 31.2% |
| Vacancy Rate | 1.6% | 8.3% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Erie has a homeownership rate of 83.9%, higher than the Colorado average of 60.7%. Its housing vacancy rate is 1.6%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Erie | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.79 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 2005 | 1985 | 1978 |
| Median Number of Rooms | 7.3 | 5.7 | 5.5 |
The typical housing unit in Erie was built around 2005. On average, 2.8 people live in a home with about 7.3 rooms, staying for about 11.0 years on average.
Erie, CO Housing Compared With Nearby Cities
How Erie, CO compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Erie, CO | 24,140 | $872,338 #1/2 | $2,558 #1/2 | 85.3% #1/2 |
| Broomfield, CO | 76,293 | $685,602 | $2,125 | 62.7% |
Frequently Asked Questions
Common questions about the housing market in Erie, Colorado.
What is the median home price in Erie, Colorado?
The median home price in Erie, Colorado is $872,338, higher than the Colorado average of $484,034.
What is the average home price in Erie, Colorado?
The typical home price in Erie, Colorado, reported as the median sale price, is $872,338. 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 Erie, Colorado?
The median gross rent in Erie, Colorado is $2,558 per month, higher than the Colorado average of $1,761.
What was the median gross rent in Erie in 2020?
In 2020, the median gross rent in Erie, Colorado was $1,949 per month.
What is the price-to-rent ratio in Erie, Colorado?
The price-to-rent ratio in Erie, Colorado is about 28.4, meaning it would take roughly 28.4 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 Erie.
Are home prices or rent rising faster in Erie, Colorado?
Both home prices and rent are rising in Erie, up about 19.2% and 7.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Erie, Colorado?
83.9% of households in Erie, Colorado own their home, higher than the Colorado average of 60.7%.
What is the vacancy rate in Erie, Colorado?
The housing vacancy rate in Erie, Colorado is 1.6%, lower than the Colorado average of 8.3%.
Size up the neighborhood around one home
Home values, rent, homeownership, schools, crime, health and nearby amenities for any US address, in one neighborhood report. Ready in about 3 minutes, in your browser or as a PDF.
Explore My Address →