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 | Pueblo County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,498 | $480,058 | $242,182 |
| Price Trend (Annual %) | 11.3% | 11.8% | 8.2% |
| Median Gross Rent | $1,058 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 4.5% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pueblo County is about 51% lower than in Colorado. Rent is about 37% 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 Pueblo County, up about 11.3% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Pueblo County rose about 36.8% between 2015 and 2023, from $773 to $1,058. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Pueblo County.
Buying the median-priced home in Pueblo County costs roughly 18.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Pueblo County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Pueblo County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,498 | $480,058 | $242,182 |
| Median Household Income | $62,379 | $93,055 | $78,145 |
| Price-to-Income Ratio | 3.8 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Pueblo County rose about 143.5%, while median household income rose about 52.3% 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 | Pueblo County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.4% | 60.6% | 58.2% |
| Rental Rate | 29.4% | 30.8% | 31.3% |
| Vacancy Rate | 7.1% | 8.6% | 10.6% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Pueblo County has a homeownership rate of 63.4%, higher than the Colorado average of 60.6%. Its housing vacancy rate is 7.1%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Pueblo County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1973 | 1984 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Pueblo County was built around 1973. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pueblo County, Colorado.
What is the median home price in Pueblo County, Colorado?
The median home price in Pueblo County, Colorado is $235,498, lower than the Colorado average of $480,058.
What is the average home price in Pueblo 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 Pueblo County, Colorado?
The median gross rent in Pueblo County, Colorado is $1,058 per month, lower than the Colorado average of $1,692.
What was the median gross rent in Pueblo County in 2020?
In 2020, the median gross rent in Pueblo County, Colorado was $852 per month.
What is the price-to-rent ratio in Pueblo County, Colorado?
The price-to-rent ratio in Pueblo County, Colorado is about 18.5, meaning it would take roughly 18.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Pueblo County.
Are home prices or rent rising faster in Pueblo County, Colorado?
Both home prices and rent are rising in Pueblo County, up about 11.3% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pueblo County, Colorado?
63.4% of households in Pueblo County, Colorado own their home, higher than the Colorado average of 60.6%.
What is the vacancy rate in Pueblo County, Colorado?
The housing vacancy rate in Pueblo County, Colorado is 7.1%, lower than the Colorado average of 8.6%.