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 | Saguache County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,856 | $480,058 | $242,182 |
| Price Trend (Annual %) | -8.5% | 11.8% | 8.2% |
| Median Gross Rent | $745 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 2.3% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Saguache County is about 84% lower than in Colorado. Rent is about 56% lower than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Saguache County: home prices fell about 8.5% a year while rent rose about 2.3% a year. That is an unusual pattern worth watching.
Median rent in Saguache County rose about 12.4% between 2015 and 2023, from $663 to $745. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Saguache County.
Buying the median-priced home in Saguache County costs roughly 8.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Saguache County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Saguache County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,856 | $480,058 | $242,182 |
| Median Household Income | $53,847 | $93,055 | $78,145 |
| Price-to-Income Ratio | 1.4 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Saguache County fell about 57.7%, while median household income rose about 81.5% between 2009 and 2023 — 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 | Saguache County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.8% | 60.6% | 58.2% |
| Rental Rate | 21.2% | 30.8% | 31.3% |
| Vacancy Rate | 15.0% | 8.6% | 10.6% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Saguache County has a homeownership rate of 63.8%, higher than the Colorado average of 60.6%. Its housing vacancy rate is 15.0%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Saguache County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.99 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1985 | 1984 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Saguache County was built around 1985. On average, 2.0 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Saguache County, Colorado.
What is the median home price in Saguache County, Colorado?
The median home price in Saguache County, Colorado is $77,856, lower than the Colorado average of $480,058.
What is the average home price in Saguache 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 Saguache County, Colorado?
The median gross rent in Saguache County, Colorado is $745 per month, lower than the Colorado average of $1,692.
What was the median gross rent in Saguache County in 2020?
In 2020, the median gross rent in Saguache County, Colorado was $634 per month.
What is the price-to-rent ratio in Saguache County, Colorado?
The price-to-rent ratio in Saguache County, Colorado is about 8.7, meaning it would take roughly 8.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Saguache County.
Are home prices or rent rising faster in Saguache County, Colorado?
Home prices and rent are moving in opposite directions in Saguache County: home prices fell about 8.5% a year while rent rose about 2.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Saguache County, Colorado?
63.8% of households in Saguache County, Colorado own their home, higher than the Colorado average of 60.6%.
What is the vacancy rate in Saguache County, Colorado?
The housing vacancy rate in Saguache County, Colorado is 15.0%, higher than the Colorado average of 8.6%.