Montezuma County, Colorado Housing Market Prices
Montezuma 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 43% below the Colorado median$275,000
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Median rent 47% below the Colorado median Cheaper than 75% of counties in Colorado$942
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Montezuma County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $484,034 | $248,835 |
| Price Trend (Annual %) | -1.4% | 10.4% | 7.5% |
| Median Gross Rent | $942 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Montezuma County is about 43% 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 Montezuma County: home prices fell about 1.4% a year while rent rose about 3.1% a year. That is an unusual pattern worth watching.
Median rent in Montezuma County rose about 21.6% between 2015 and 2024, from $774 to $942. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Montezuma County.
Buying the median-priced home in Montezuma County costs roughly 24.3 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 Montezuma County. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Montezuma County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $484,034 | $248,835 |
| Median Household Income | $65,016 | $95,803 | $80,455 |
| Price-to-Income Ratio | 4.2 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Montezuma County fell about 12.5%, while median household income rose about 40.7% 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 | Montezuma County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.4% | 60.7% | 58.5% |
| Rental Rate | 21.6% | 31.0% | 31.2% |
| Vacancy Rate | 8.9% | 8.3% | 10.2% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Montezuma County has a homeownership rate of 69.4%, higher than the Colorado average of 60.7%. Its housing vacancy rate is 8.9%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Montezuma County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1986 | 1985 | 1978 |
| Median Number of Rooms | 5.2 | 5.7 | 5.5 |
The typical housing unit in Montezuma County was built around 1986. On average, 2.3 people live in a home with about 5.2 rooms, staying for about 15.0 years on average.
Montezuma County, CO Housing Compared With Nearby Counties
How Montezuma County, CO compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Montezuma County, CO | 26,412 | $275,000 #2/3 | $942 #3/3 | 76.2% #1/3 |
| La Plata County, CO | 56,331 | $636,797 | $1,504 | 70.9% |
| San Juan County, NM | 121,321 | $151,599 | $955 | 71.2% |
Frequently Asked Questions
Common questions about the housing market in Montezuma County, Colorado.
What is the median home price in Montezuma County, Colorado?
The median home price in Montezuma County, Colorado is $275,000, lower than the Colorado average of $484,034.
What is the average home price in Montezuma County, Colorado?
The typical home price in Montezuma County, Colorado, reported as the median sale price, is $275,000. 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 Montezuma County, Colorado?
The median gross rent in Montezuma County, Colorado is $942 per month, lower than the Colorado average of $1,761.
What was the median gross rent in Montezuma County in 2020?
In 2020, the median gross rent in Montezuma County, Colorado was $802 per month.
What is the price-to-rent ratio in Montezuma County, Colorado?
The price-to-rent ratio in Montezuma County, Colorado is about 24.3, meaning it would take roughly 24.3 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 Montezuma County.
Are home prices or rent rising faster in Montezuma County, Colorado?
Home prices and rent are moving in opposite directions in Montezuma County: home prices fell about 1.4% a year while rent rose about 3.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Montezuma County, Colorado?
69.4% of households in Montezuma County, Colorado own their home, higher than the Colorado average of 60.7%.
What is the vacancy rate in Montezuma County, Colorado?
The housing vacancy rate in Montezuma County, Colorado is 8.9%, higher than the Colorado average of 8.3%.
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