Four Square Mile, Colorado Housing Market Prices
Updated
Four Square Mile 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 28% below the Colorado median$350,000
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Median rent 4% above the Colorado median$1,832
Housing Market Overview
| Metric | Four Square Mile | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,000 | $484,034 | $248,835 |
| Price Trend (Annual %) | 7.9% | 10.4% | 7.5% |
| Median Gross Rent | $1,832 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 7.1% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Four Square Mile is about 28% lower than in Colorado. Rent is about 4% 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 Four Square Mile, up about 7.9% and 7.1% a year respectively. Home prices are changing faster.
Median rent in Four Square Mile rose about 82.8% between 2015 and 2024, from $1,002 to $1,832. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Four Square Mile.
Buying the median-priced home in Four Square Mile costs roughly 15.9 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 Four Square Mile. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Four Square Mile | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,000 | $484,034 | $248,835 |
| Median Household Income | $81,283 | $95,803 | $80,455 |
| Price-to-Income Ratio | 4.3 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Four Square Mile rose about 56.7%, while median household income rose about 87.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Four Square Mile | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 24.5% | 60.7% | 58.5% |
| Rental Rate | 69.1% | 31.0% | 31.2% |
| Vacancy Rate | 6.5% | 8.3% | 10.2% |
| Median Tenure (years) | 8.0 | 13.0 | 15.0 |
| Median Year Moved In | 2018 | 2013 | 2011 |
Four Square Mile has a homeownership rate of 24.5%, lower than the Colorado average of 60.7%. Its housing vacancy rate is 6.5%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Four Square Mile | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1993 | 1985 | 1978 |
| Median Number of Rooms | 3.9 | 5.7 | 5.5 |
The typical housing unit in Four Square Mile was built around 1993. On average, 2.3 people live in a home with about 3.9 rooms, staying for about 8.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Four Square Mile, Colorado.
What is the median home price in Four Square Mile, Colorado?
The median home price in Four Square Mile, Colorado is $350,000, lower than the Colorado average of $484,034.
What is the average home price in Four Square Mile, Colorado?
The typical home price in Four Square Mile, Colorado, reported as the median sale price, is $350,000. 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 Four Square Mile, Colorado?
The median gross rent in Four Square Mile, Colorado is $1,832 per month, higher than the Colorado average of $1,761.
What was the median gross rent in Four Square Mile in 2020?
In 2020, the median gross rent in Four Square Mile, Colorado was $1,407 per month.
What is the price-to-rent ratio in Four Square Mile, Colorado?
The price-to-rent ratio in Four Square Mile, Colorado is about 15.9, meaning it would take roughly 15.9 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 Four Square Mile.
Are home prices or rent rising faster in Four Square Mile, Colorado?
Both home prices and rent are rising in Four Square Mile, up about 7.9% and 7.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Four Square Mile, Colorado?
24.5% of households in Four Square Mile, Colorado own their home, lower than the Colorado average of 60.7%.
What is the vacancy rate in Four Square Mile, Colorado?
The housing vacancy rate in Four Square Mile, Colorado is 6.5%, lower than the Colorado average of 8.3%.
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