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 | Huerfano County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $332,000 | $480,058 | $242,182 |
| Price Trend (Annual %) | 18.4% | 11.8% | 8.2% |
| Median Gross Rent | $738 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Huerfano County is about 31% lower than in Colorado. Rent is about 56% 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 Huerfano County, up about 18.4% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Huerfano County rose about 23.7% between 2015 and 2023, from $596 to $738. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 6.3 yearly household incomes in Huerfano County.
Buying the median-priced home in Huerfano County costs roughly 37.5 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 Huerfano County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Huerfano County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $332,000 | $480,058 | $242,182 |
| Median Household Income | $52,852 | $93,055 | $78,145 |
| Price-to-Income Ratio | 6.3 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Huerfano County rose about 129.0%, while median household income rose about 68.2% 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 | Huerfano County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.1% | 60.6% | 58.2% |
| Rental Rate | 13.6% | 30.8% | 31.3% |
| Vacancy Rate | 40.3% | 8.6% | 10.6% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Huerfano County has a homeownership rate of 46.1%, lower than the Colorado average of 60.6%. Its housing vacancy rate is 40.3%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Huerfano County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1982 | 1984 | 1978 |
| Median Number of Rooms | 5.2 | 5.7 | 5.5 |
The typical housing unit in Huerfano County was built around 1982. On average, 2.4 people live in a home with about 5.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Huerfano County, Colorado.
What is the median home price in Huerfano County, Colorado?
The median home price in Huerfano County, Colorado is $332,000, lower than the Colorado average of $480,058.
What is the average home price in Huerfano 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 Huerfano County, Colorado?
The median gross rent in Huerfano County, Colorado is $738 per month, lower than the Colorado average of $1,692.
What was the median gross rent in Huerfano County in 2020?
In 2020, the median gross rent in Huerfano County, Colorado was $632 per month.
What is the price-to-rent ratio in Huerfano County, Colorado?
The price-to-rent ratio in Huerfano County, Colorado is about 37.5, meaning it would take roughly 37.5 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 Huerfano County.
Are home prices or rent rising faster in Huerfano County, Colorado?
Both home prices and rent are rising in Huerfano County, up about 18.4% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Huerfano County, Colorado?
46.1% of households in Huerfano County, Colorado own their home, lower than the Colorado average of 60.6%.
What is the vacancy rate in Huerfano County, Colorado?
The housing vacancy rate in Huerfano County, Colorado is 40.3%, higher than the Colorado average of 8.6%.