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.
Housing Market Overview
| Metric | Ken Caryl | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $820,464 | $480,058 | $242,182 |
| Price Trend (Annual %) | 30.2% | 11.8% | 8.2% |
| Median Gross Rent | $1,949 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 5.7% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ken Caryl is about 71% higher than in Colorado. Rent is about 15% higher 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 Ken Caryl, up about 30.2% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Ken Caryl rose about 56.9% between 2015 and 2023, from $1,242 to $1,949. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 6.9 yearly household incomes in Ken Caryl.
Buying the median-priced home in Ken Caryl costs roughly 35.1 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 Ken Caryl. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Ken Caryl | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $820,464 | $480,058 | $242,182 |
| Median Household Income | $118,609 | $93,055 | $78,145 |
| Price-to-Income Ratio | 6.9 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ken Caryl rose about 220.2%, while median household income rose about 45.8% 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 | Ken Caryl | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 82.4% | 60.6% | 58.2% |
| Rental Rate | 16.2% | 30.8% | 31.3% |
| Vacancy Rate | 1.4% | 8.6% | 10.6% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Ken Caryl has a homeownership rate of 82.4%, higher than the Colorado average of 60.6%. Its housing vacancy rate is 1.4%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Ken Caryl | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1989 | 1984 | 1978 |
| Median Number of Rooms | 6.9 | 5.7 | 5.5 |
The typical housing unit in Ken Caryl was built around 1989. On average, 2.4 people live in a home with about 6.9 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ken Caryl, Colorado.
What is the median home price in Ken Caryl, Colorado?
The median home price in Ken Caryl, Colorado is $820,464, higher than the Colorado average of $480,058.
What is the average home price in Ken Caryl, 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 Ken Caryl, Colorado?
The median gross rent in Ken Caryl, Colorado is $1,949 per month, higher than the Colorado average of $1,692.
What was the median gross rent in Ken Caryl in 2020?
In 2020, the median gross rent in Ken Caryl, Colorado was $1,675 per month.
What is the price-to-rent ratio in Ken Caryl, Colorado?
The price-to-rent ratio in Ken Caryl, Colorado is about 35.1, meaning it would take roughly 35.1 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 Ken Caryl.
Are home prices or rent rising faster in Ken Caryl, Colorado?
Both home prices and rent are rising in Ken Caryl, up about 30.2% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ken Caryl, Colorado?
82.4% of households in Ken Caryl, Colorado own their home, higher than the Colorado average of 60.6%.
What is the vacancy rate in Ken Caryl, Colorado?
The housing vacancy rate in Ken Caryl, Colorado is 1.4%, lower than the Colorado average of 8.6%.