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 | San Juan County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $366,666 | $480,058 | $242,182 |
| Price Trend (Annual %) | 9.4% | 11.8% | 8.2% |
| Median Gross Rent | $1,075 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 0.2% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in San Juan County is about 24% lower than in Colorado. Rent is about 36% 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 San Juan County, up about 9.4% and 0.2% a year respectively. Home prices are changing faster.
Median rent in San Juan County rose about 21.4% between 2015 and 2023, from $885 to $1,075. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in San Juan County.
Buying the median-priced home in San Juan County costs roughly 28.4 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 San Juan County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | San Juan County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $366,666 | $480,058 | $242,182 |
| Median Household Income | $73,332 | $93,055 | $78,145 |
| Price-to-Income Ratio | 5.0 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in San Juan County rose about 83.3%, while median household income rose about 67.9% 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 | San Juan County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 27.9% | 60.6% | 58.2% |
| Rental Rate | 22.4% | 30.8% | 31.3% |
| Vacancy Rate | 49.7% | 8.6% | 10.6% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
San Juan County has a homeownership rate of 27.9%, lower than the Colorado average of 60.6%. Its housing vacancy rate is 49.7%, compared with 8.6% in Colorado.
Housing Stock
| Metric | San Juan County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.91 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1985 | 1984 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in San Juan County was built around 1985. On average, 1.9 people live in a home with about 5.3 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in San Juan County, Colorado.
What is the median home price in San Juan County, Colorado?
The median home price in San Juan County, Colorado is $366,666, lower than the Colorado average of $480,058.
What is the average home price in San Juan 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 San Juan County, Colorado?
The median gross rent in San Juan County, Colorado is $1,075 per month, lower than the Colorado average of $1,692.
What was the median gross rent in San Juan County in 2020?
In 2020, the median gross rent in San Juan County, Colorado was $1,038 per month.
What is the price-to-rent ratio in San Juan County, Colorado?
The price-to-rent ratio in San Juan County, Colorado is about 28.4, meaning it would take roughly 28.4 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 San Juan County.
Are home prices or rent rising faster in San Juan County, Colorado?
Both home prices and rent are rising in San Juan County, up about 9.4% and 0.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in San Juan County, Colorado?
27.9% of households in San Juan County, Colorado own their home, lower than the Colorado average of 60.6%.
What is the vacancy rate in San Juan County, Colorado?
The housing vacancy rate in San Juan County, Colorado is 49.7%, higher than the Colorado average of 8.6%.