Rio Grande County, Colorado Housing Market Prices
Rio Grande 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 32% below the Colorado median$328,571
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Median rent 46% below the Colorado median Cheaper than 73% of counties in Colorado$944
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Rio Grande County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $328,571 | $484,034 | $248,835 |
| Price Trend (Annual %) | 5.9% | 10.4% | 7.5% |
| Median Gross Rent | $944 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 6.7% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rio Grande County is about 32% lower than in Colorado. Rent is about 46% lower than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Rio Grande County, up about 5.9% and 6.7% a year respectively. Rent is changing faster.
Median rent in Rio Grande County rose about 64.3% between 2015 and 2024, from $575 to $944. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Rio Grande County.
Buying the median-priced home in Rio Grande County costs roughly 29.0 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 Rio Grande County. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Rio Grande County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $328,571 | $484,034 | $248,835 |
| Median Household Income | $66,553 | $95,803 | $80,455 |
| Price-to-Income Ratio | 4.9 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rio Grande County rose about 49.6%, while median household income rose about 52.3% 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 | Rio Grande County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.1% | 60.7% | 58.5% |
| Rental Rate | 25.5% | 31.0% | 31.2% |
| Vacancy Rate | 22.4% | 8.3% | 10.2% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Rio Grande County has a homeownership rate of 52.1%, lower than the Colorado average of 60.7%. Its housing vacancy rate is 22.4%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Rio Grande County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.15 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1973 | 1985 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Rio Grande County was built around 1973. On average, 2.2 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rio Grande County, Colorado.
What is the median home price in Rio Grande County, Colorado?
The median home price in Rio Grande County, Colorado is $328,571, lower than the Colorado average of $484,034.
What is the average home price in Rio Grande County, Colorado?
The typical home price in Rio Grande County, Colorado, reported as the median sale price, is $328,571. 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 Rio Grande County, Colorado?
The median gross rent in Rio Grande County, Colorado is $944 per month, lower than the Colorado average of $1,761.
What was the median gross rent in Rio Grande County in 2020?
In 2020, the median gross rent in Rio Grande County, Colorado was $606 per month.
What is the price-to-rent ratio in Rio Grande County, Colorado?
The price-to-rent ratio in Rio Grande County, Colorado is about 29.0, meaning it would take roughly 29.0 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 Rio Grande County.
Are home prices or rent rising faster in Rio Grande County, Colorado?
Both home prices and rent are rising in Rio Grande County, up about 5.9% and 6.7% a year respectively. Rent is changing faster.
What is the homeownership rate in Rio Grande County, Colorado?
52.1% of households in Rio Grande County, Colorado own their home, lower than the Colorado average of 60.7%.
What is the vacancy rate in Rio Grande County, Colorado?
The housing vacancy rate in Rio Grande County, Colorado is 22.4%, higher than the Colorado average of 8.3%.
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