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.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hinsdale County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $583,333 | $480,058 | $242,182 |
| Price Trend (Annual %) | 7.2% | 11.8% | 8.2% |
| Median Gross Rent | $1,098 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 6.9% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hinsdale County is about 22% higher than in Colorado. Rent is about 35% lower 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 Hinsdale County, up about 7.2% and 6.9% a year respectively. Home prices are changing faster.
Median rent in Hinsdale County rose about 59.0% between 2015 and 2023, from $691 to $1,098. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 8.5 yearly household incomes in Hinsdale County.
Buying the median-priced home in Hinsdale County costs roughly 44.3 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 Hinsdale County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Hinsdale County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $583,333 | $480,058 | $242,182 |
| Median Household Income | $68,289 | $93,055 | $78,145 |
| Price-to-Income Ratio | 8.5 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Hinsdale County rose about 75.5%, while median household income rose about 27.6% 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 | Hinsdale County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 27.2% | 60.6% | 58.2% |
| Rental Rate | 6.9% | 30.8% | 31.3% |
| Vacancy Rate | 65.8% | 8.6% | 10.6% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Hinsdale County has a homeownership rate of 27.2%, lower than the Colorado average of 60.6%. Its housing vacancy rate is 65.8%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Hinsdale County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.98 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1985 | 1984 | 1978 |
| Median Number of Rooms | 4.7 | 5.7 | 5.5 |
The typical housing unit in Hinsdale County was built around 1985. On average, 2.0 people live in a home with about 4.7 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hinsdale County, Colorado.
What is the median home price in Hinsdale County, Colorado?
The median home price in Hinsdale County, Colorado is $583,333, higher than the Colorado average of $480,058.
What is the average home price in Hinsdale County, 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 Hinsdale County, Colorado?
The median gross rent in Hinsdale County, Colorado is $1,098 per month, lower than the Colorado average of $1,692.
What was the median gross rent in Hinsdale County in 2020?
In 2020, the median gross rent in Hinsdale County, Colorado was $815 per month.
What is the price-to-rent ratio in Hinsdale County, Colorado?
The price-to-rent ratio in Hinsdale County, Colorado is about 44.3, meaning it would take roughly 44.3 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 Hinsdale County.
Are home prices or rent rising faster in Hinsdale County, Colorado?
Both home prices and rent are rising in Hinsdale County, up about 7.2% and 6.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hinsdale County, Colorado?
27.2% of households in Hinsdale County, Colorado own their home, lower than the Colorado average of 60.6%.
What is the vacancy rate in Hinsdale County, Colorado?
The housing vacancy rate in Hinsdale County, Colorado is 65.8%, higher than the Colorado average of 8.6%.