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.
Housing Market Overview
| Metric | Security-Widefield | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $360,963 | $480,058 | $242,182 |
| Price Trend (Annual %) | 10.8% | 11.8% | 8.2% |
| Median Gross Rent | $1,662 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 5.0% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Security-Widefield is about 25% lower than in Colorado. Rent is about 2% 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 Security-Widefield, up about 10.8% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Security-Widefield rose about 41.9% between 2015 and 2023, from $1,171 to $1,662. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Security-Widefield.
Buying the median-priced home in Security-Widefield costs roughly 18.1 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 Security-Widefield. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Security-Widefield | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $360,963 | $480,058 | $242,182 |
| Median Household Income | $81,408 | $93,055 | $78,145 |
| Price-to-Income Ratio | 4.4 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Security-Widefield rose about 108.6%, while median household income rose about 37.1% 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 | Security-Widefield | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.4% | 60.6% | 58.2% |
| Rental Rate | 18.6% | 30.8% | 31.3% |
| Vacancy Rate | 3.0% | 8.6% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Security-Widefield has a homeownership rate of 78.4%, higher than the Colorado average of 60.6%. Its housing vacancy rate is 3.0%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Security-Widefield | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.79 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1985 | 1984 | 1978 |
| Median Number of Rooms | 6.8 | 5.7 | 5.5 |
The typical housing unit in Security-Widefield was built around 1985. On average, 2.8 people live in a home with about 6.8 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Security-Widefield, Colorado.
What is the median home price in Security-Widefield, Colorado?
The median home price in Security-Widefield, Colorado is $360,963, lower than the Colorado average of $480,058.
What is the average home price in Security-Widefield, 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 Security-Widefield, Colorado?
The median gross rent in Security-Widefield, Colorado is $1,662 per month, lower than the Colorado average of $1,692.
What was the median gross rent in Security-Widefield in 2020?
In 2020, the median gross rent in Security-Widefield, Colorado was $1,363 per month.
What is the price-to-rent ratio in Security-Widefield, Colorado?
The price-to-rent ratio in Security-Widefield, Colorado is about 18.1, meaning it would take roughly 18.1 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 Security-Widefield.
Are home prices or rent rising faster in Security-Widefield, Colorado?
Both home prices and rent are rising in Security-Widefield, up about 10.8% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Security-Widefield, Colorado?
78.4% of households in Security-Widefield, Colorado own their home, higher than the Colorado average of 60.6%.
What is the vacancy rate in Security-Widefield, Colorado?
The housing vacancy rate in Security-Widefield, Colorado is 3.0%, lower than the Colorado average of 8.6%.