San Miguel County, Colorado Housing Market Prices
San Miguel 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 365% above the Colorado median Most expensive county in Colorado$2,250,000
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Median rent 35% below the Colorado median$1,149
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | San Miguel County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,250,000 | $484,034 | $248,835 |
| Price Trend (Annual %) | 24.6% | 10.4% | 7.5% |
| Median Gross Rent | $1,149 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 0.2% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in San Miguel County is about 365% higher than in Colorado. Rent is about 35% 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 San Miguel County, up about 24.6% and 0.2% a year respectively. Home prices are changing faster.
Median rent in San Miguel County rose about 0.6% between 2015 and 2024, from $1,142 to $1,149. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 28.5 yearly household incomes in San Miguel County.
Buying the median-priced home in San Miguel County costs roughly 163.2 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 Miguel County. The price-to-rent ratio in Colorado is about 22.9.
| Metric | San Miguel County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,250,000 | $484,034 | $248,835 |
| Median Household Income | $78,996 | $95,803 | $80,455 |
| Price-to-Income Ratio | 28.5 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in San Miguel County rose about 107.7%, while median household income rose about 23.6% between 2009 and 2025 — 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 Miguel County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.6% | 60.7% | 58.5% |
| Rental Rate | 25.6% | 31.0% | 31.2% |
| Vacancy Rate | 30.8% | 8.3% | 10.2% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
San Miguel County has a homeownership rate of 43.6%, lower than the Colorado average of 60.7%. Its housing vacancy rate is 30.8%, compared with 8.3% in Colorado.
Housing Stock
| Metric | San Miguel County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.73 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1993 | 1985 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in San Miguel County was built around 1993. On average, 1.7 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
San Miguel County, CO Housing Compared With Nearby Counties
How San Miguel County, CO compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| San Miguel County, CO | 7,968 | $2,250,000 #1/2 | $1,149 #2/2 | 63.0% #2/2 |
| Montrose County, CO | 43,807 | $113,235 | $1,187 | 75.4% |
Frequently Asked Questions
Common questions about the housing market in San Miguel County, Colorado.
What is the median home price in San Miguel County, Colorado?
The median home price in San Miguel County, Colorado is $2,250,000, higher than the Colorado average of $484,034.
What is the average home price in San Miguel County, Colorado?
The typical home price in San Miguel County, Colorado, reported as the median sale price, is $2,250,000. 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 San Miguel County, Colorado?
The median gross rent in San Miguel County, Colorado is $1,149 per month, lower than the Colorado average of $1,761.
What was the median gross rent in San Miguel County in 2020?
In 2020, the median gross rent in San Miguel County, Colorado was $1,145 per month.
What is the price-to-rent ratio in San Miguel County, Colorado?
The price-to-rent ratio in San Miguel County, Colorado is about 163.2, meaning it would take roughly 163.2 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 Miguel County.
Are home prices or rent rising faster in San Miguel County, Colorado?
Both home prices and rent are rising in San Miguel County, up about 24.6% and 0.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in San Miguel County, Colorado?
43.6% of households in San Miguel County, Colorado own their home, lower than the Colorado average of 60.7%.
What is the vacancy rate in San Miguel County, Colorado?
The housing vacancy rate in San Miguel County, Colorado is 30.8%, higher than the Colorado average of 8.3%.
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