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.
Housing Market Overview
| Metric | Fountain | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $366,846 | $480,058 | $242,182 |
| Price Trend (Annual %) | 12.8% | 11.8% | 8.2% |
| Median Gross Rent | $1,783 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 6.0% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fountain is about 24% lower than in Colorado. Rent is about 5% 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 Fountain, up about 12.8% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Fountain rose about 52.4% between 2015 and 2023, from $1,170 to $1,783. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Fountain.
Buying the median-priced home in Fountain costs roughly 17.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Fountain. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Fountain | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $366,846 | $480,058 | $242,182 |
| Median Household Income | $84,098 | $93,055 | $78,145 |
| Price-to-Income Ratio | 4.4 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Fountain rose about 135.6%, while median household income rose about 67.5% 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 | Fountain | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.2% | 60.6% | 58.2% |
| Rental Rate | 24.7% | 30.8% | 31.3% |
| Vacancy Rate | 3.1% | 8.6% | 10.6% |
| Median Tenure (years) | 9.0 | 13.0 | 15.0 |
| Median Year Moved In | 2017 | 2013 | 2011 |
Fountain has a homeownership rate of 72.2%, higher than the Colorado average of 60.6%. Its housing vacancy rate is 3.1%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Fountain | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.91 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1994 | 1984 | 1978 |
| Median Number of Rooms | 6.5 | 5.7 | 5.5 |
The typical housing unit in Fountain was built around 1994. On average, 2.9 people live in a home with about 6.5 rooms, staying for about 9.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fountain, Colorado.
What is the median home price in Fountain, Colorado?
The median home price in Fountain, Colorado is $366,846, lower than the Colorado average of $480,058.
What is the average home price in Fountain, 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 Fountain, Colorado?
The median gross rent in Fountain, Colorado is $1,783 per month, higher than the Colorado average of $1,692.
What was the median gross rent in Fountain in 2020?
In 2020, the median gross rent in Fountain, Colorado was $1,479 per month.
What is the price-to-rent ratio in Fountain, Colorado?
The price-to-rent ratio in Fountain, Colorado is about 17.1, meaning it would take roughly 17.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Fountain.
Are home prices or rent rising faster in Fountain, Colorado?
Both home prices and rent are rising in Fountain, up about 12.8% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fountain, Colorado?
72.2% of households in Fountain, Colorado own their home, higher than the Colorado average of 60.6%.
What is the vacancy rate in Fountain, Colorado?
The housing vacancy rate in Fountain, Colorado is 3.1%, lower than the Colorado average of 8.6%.