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 | Jackson County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $525,000 | $480,058 | $242,182 |
| Price Trend (Annual %) | 40.0% | 11.8% | 8.2% |
| Median Gross Rent | $1,483 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 14.4% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jackson County is about 9% higher than in Colorado. Rent is about 12% 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 Jackson County, up about 40.0% and 14.4% a year respectively. Home prices are changing faster.
Median rent in Jackson County rose about 105.7% between 2015 and 2023, from $721 to $1,483. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 12.0 yearly household incomes in Jackson County.
Buying the median-priced home in Jackson County costs roughly 29.5 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 Jackson County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Jackson County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $525,000 | $480,058 | $242,182 |
| Median Household Income | $43,616 | $93,055 | $78,145 |
| Price-to-Income Ratio | 12.0 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Jackson County rose about 265.2%, while median household income rose about 31.3% 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 | Jackson County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.2% | 60.6% | 58.2% |
| Rental Rate | 14.7% | 30.8% | 31.3% |
| Vacancy Rate | 45.1% | 8.6% | 10.6% |
| Median Tenure (years) | 17.0 | 13.0 | 15.0 |
| Median Year Moved In | 2009 | 2013 | 2011 |
Jackson County has a homeownership rate of 40.2%, lower than the Colorado average of 60.6%. Its housing vacancy rate is 45.1%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Jackson County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.21 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1987 | 1984 | 1978 |
| Median Number of Rooms | 4.1 | 5.7 | 5.5 |
The typical housing unit in Jackson County was built around 1987. On average, 2.2 people live in a home with about 4.1 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jackson County, Colorado.
What is the median home price in Jackson County, Colorado?
The median home price in Jackson County, Colorado is $525,000, higher than the Colorado average of $480,058.
What is the average home price in Jackson 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 Jackson County, Colorado?
The median gross rent in Jackson County, Colorado is $1,483 per month, lower than the Colorado average of $1,692.
What was the median gross rent in Jackson County in 2020?
In 2020, the median gross rent in Jackson County, Colorado was $638 per month.
What is the price-to-rent ratio in Jackson County, Colorado?
The price-to-rent ratio in Jackson County, Colorado is about 29.5, meaning it would take roughly 29.5 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 Jackson County.
Are home prices or rent rising faster in Jackson County, Colorado?
Both home prices and rent are rising in Jackson County, up about 40.0% and 14.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jackson County, Colorado?
40.2% of households in Jackson County, Colorado own their home, lower than the Colorado average of 60.6%.
What is the vacancy rate in Jackson County, Colorado?
The housing vacancy rate in Jackson County, Colorado is 45.1%, higher than the Colorado average of 8.6%.