Grand County, Colorado Housing Market Prices
Grand 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 63% above the Colorado median More expensive than 92% of counties in Colorado$787,281
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Median rent 15% below the Colorado median$1,492
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Grand County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $787,281 | $484,034 | $248,835 |
| Price Trend (Annual %) | 18.2% | 10.4% | 7.5% |
| Median Gross Rent | $1,492 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grand County is about 63% higher than in Colorado. Rent is about 15% 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 Grand County, up about 18.2% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Grand County rose about 45.8% between 2015 and 2024, from $1,024 to $1,492. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 8.8 yearly household incomes in Grand County.
Buying the median-priced home in Grand County costs roughly 44.0 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 Grand County. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Grand County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $787,281 | $484,034 | $248,835 |
| Median Household Income | $89,810 | $95,803 | $80,455 |
| Price-to-Income Ratio | 8.8 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Grand County rose about 227.0%, while median household income rose about 39.8% 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 | Grand County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 31.5% | 60.7% | 58.5% |
| Rental Rate | 11.4% | 31.0% | 31.2% |
| Vacancy Rate | 57.1% | 8.3% | 10.2% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Grand County has a homeownership rate of 31.5%, lower than the Colorado average of 60.7%. Its housing vacancy rate is 57.1%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Grand County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.09 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1988 | 1985 | 1978 |
| Median Number of Rooms | 4.2 | 5.7 | 5.5 |
The typical housing unit in Grand County was built around 1988. On average, 2.1 people live in a home with about 4.2 rooms, staying for about 15.0 years on average.
Grand County, CO Housing Compared With Nearby Counties
How Grand County, CO compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Grand County, CO | 15,895 | $787,281 #2/3 | $1,492 #3/3 | 73.4% #1/3 |
| Summit County, CO | 31,017 | $721,081 | $1,927 | 72.1% |
| Eagle County, CO | 55,135 | $1,803,212 | $2,019 | 65.9% |
Frequently Asked Questions
Common questions about the housing market in Grand County, Colorado.
What is the median home price in Grand County, Colorado?
The median home price in Grand County, Colorado is $787,281, higher than the Colorado average of $484,034.
What is the average home price in Grand County, Colorado?
The typical home price in Grand County, Colorado, reported as the median sale price, is $787,281. 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 Grand County, Colorado?
The median gross rent in Grand County, Colorado is $1,492 per month, lower than the Colorado average of $1,761.
What was the median gross rent in Grand County in 2020?
In 2020, the median gross rent in Grand County, Colorado was $976 per month.
What is the price-to-rent ratio in Grand County, Colorado?
The price-to-rent ratio in Grand County, Colorado is about 44.0, meaning it would take roughly 44.0 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 Grand County.
Are home prices or rent rising faster in Grand County, Colorado?
Both home prices and rent are rising in Grand County, up about 18.2% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grand County, Colorado?
31.5% of households in Grand County, Colorado own their home, lower than the Colorado average of 60.7%.
What is the vacancy rate in Grand County, Colorado?
The housing vacancy rate in Grand County, Colorado is 57.1%, higher than the Colorado average of 8.3%.
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