Mineral County, Colorado Housing Market Prices
Mineral 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 38% below the Colorado median$297,726
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Median rent 47% below the Colorado median Cheaper than 78% of counties in Colorado$928
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mineral County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $297,726 | $484,034 | $248,835 |
| Price Trend (Annual %) | -2.4% | 10.4% | 7.5% |
| Median Gross Rent | $928 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mineral County is about 38% lower than in Colorado. Rent is about 47% lower than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Mineral County: home prices fell about 2.4% a year while rent rose about 4.9% a year. That is an unusual pattern worth watching.
Median rent in Mineral County rose about 21.9% between 2015 and 2024, from $761 to $928. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in Mineral County.
Buying the median-priced home in Mineral County costs roughly 26.7 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 Mineral County. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Mineral County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $297,726 | $484,034 | $248,835 |
| Median Household Income | $58,181 | $95,803 | $80,455 |
| Price-to-Income Ratio | 5.1 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mineral County fell about 14.9%, while median household income rose about 6.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Mineral County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 22.8% | 60.7% | 58.5% |
| Rental Rate | 9.9% | 31.0% | 31.2% |
| Vacancy Rate | 67.3% | 8.3% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Mineral County has a homeownership rate of 22.8%, lower than the Colorado average of 60.7%. Its housing vacancy rate is 67.3%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Mineral County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.88 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1988 | 1985 | 1978 |
| Median Number of Rooms | 4.9 | 5.7 | 5.5 |
The typical housing unit in Mineral County was built around 1988. On average, 1.9 people live in a home with about 4.9 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Mineral County, Colorado.
What is the median home price in Mineral County, Colorado?
The median home price in Mineral County, Colorado is $297,726, lower than the Colorado average of $484,034.
What is the average home price in Mineral County, Colorado?
The typical home price in Mineral County, Colorado, reported as the median sale price, is $297,726. 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 Mineral County, Colorado?
The median gross rent in Mineral County, Colorado is $928 per month, lower than the Colorado average of $1,761.
What was the median gross rent in Mineral County in 2020?
In 2020, the median gross rent in Mineral County, Colorado was $750 per month.
What is the price-to-rent ratio in Mineral County, Colorado?
The price-to-rent ratio in Mineral County, Colorado is about 26.7, meaning it would take roughly 26.7 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 Mineral County.
Are home prices or rent rising faster in Mineral County, Colorado?
Home prices and rent are moving in opposite directions in Mineral County: home prices fell about 2.4% a year while rent rose about 4.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Mineral County, Colorado?
22.8% of households in Mineral County, Colorado own their home, lower than the Colorado average of 60.7%.
What is the vacancy rate in Mineral County, Colorado?
The housing vacancy rate in Mineral County, Colorado is 67.3%, higher than the Colorado average of 8.3%.
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