Garfield County, Colorado Housing Market Prices
Garfield 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 17% below the Colorado median$399,998
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Median rent 7% below the Colorado median More expensive than 71% of counties in Colorado$1,637
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Garfield County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $399,998 | $484,034 | $248,835 |
| Price Trend (Annual %) | 15.6% | 10.4% | 7.5% |
| Median Gross Rent | $1,637 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Garfield County is about 17% lower than in Colorado. Rent is about 7% 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 Garfield County, up about 15.6% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Garfield County rose about 43.6% between 2015 and 2024, from $1,140 to $1,637. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Garfield County.
Buying the median-priced home in Garfield County costs roughly 20.4 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 Garfield County. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Garfield County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $399,998 | $484,034 | $248,835 |
| Median Household Income | $92,123 | $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 Garfield County rose about 110.5%, while median household income rose about 35.7% 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 | Garfield County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.3% | 60.7% | 58.5% |
| Rental Rate | 28.5% | 31.0% | 31.2% |
| Vacancy Rate | 6.2% | 8.3% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Garfield County has a homeownership rate of 65.3%, higher than the Colorado average of 60.7%. Its housing vacancy rate is 6.2%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Garfield County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1990 | 1985 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Garfield County was built around 1990. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 14.0 years on average.
Garfield County, CO Housing Compared With Nearby Counties
Garfield County, CO is the 2nd largest of the 4 counties compared here, 62,477 residents against a local median of 31,598. Garfield County, CO's median rent, at $1,637, runs 39% above the $1,182 typical of the counties around it.
The counties themselves spread $883 on median rent, so Garfield County, CO sits at one end of an already wide local range rather than apart from it. Garfield County, CO has the 2nd highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Garfield County, CO | 62,477 | $399,998 #2/4 | $1,637 #2/4 | 69.6% #3/4 |
| Delta County, CO | 31,598 | $344,148 | $1,121 | 77.9% |
| Mesa County, CO | 158,600 | $352,929 | $1,182 | 72.5% |
| Pitkin County, CO | 16,985 | $699,652 | $2,004 | 62.8% |
Frequently Asked Questions
Common questions about the housing market in Garfield County, Colorado.
What is the median home price in Garfield County, Colorado?
The median home price in Garfield County, Colorado is $399,998, lower than the Colorado average of $484,034.
What is the average home price in Garfield County, Colorado?
The typical home price in Garfield County, Colorado, reported as the median sale price, is $399,998. 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 Garfield County, Colorado?
The median gross rent in Garfield County, Colorado is $1,637 per month, lower than the Colorado average of $1,761.
What was the median gross rent in Garfield County in 2020?
In 2020, the median gross rent in Garfield County, Colorado was $1,177 per month.
What is the price-to-rent ratio in Garfield County, Colorado?
The price-to-rent ratio in Garfield County, Colorado is about 20.4, meaning it would take roughly 20.4 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 Garfield County.
Are home prices or rent rising faster in Garfield County, Colorado?
Both home prices and rent are rising in Garfield County, up about 15.6% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Garfield County, Colorado?
65.3% of households in Garfield County, Colorado own their home, higher than the Colorado average of 60.7%.
What is the vacancy rate in Garfield County, Colorado?
The housing vacancy rate in Garfield County, Colorado is 6.2%, lower than the Colorado average of 8.3%.
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