Summit County, Colorado Housing Market Prices
Summit 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 49% above the Colorado median More expensive than 90% of counties in Colorado$721,081
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Median rent 9% above the Colorado median More expensive than 90% of counties in Colorado$1,927
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Summit County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $721,081 | $484,034 | $248,835 |
| Price Trend (Annual %) | 14.9% | 10.4% | 7.5% |
| Median Gross Rent | $1,927 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Summit County is about 49% higher than in Colorado. Rent is about 9% higher 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 Summit County, up about 14.9% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Summit County rose about 60.7% between 2015 and 2024, from $1,200 to $1,927. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 6.5 yearly household incomes in Summit County.
Buying the median-priced home in Summit County costs roughly 31.2 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 Summit County. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Summit County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $721,081 | $484,034 | $248,835 |
| Median Household Income | $111,746 | $95,803 | $80,455 |
| Price-to-Income Ratio | 6.5 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Summit County rose about 39.8%, while median household income rose about 44.0% 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 | Summit County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 28.0% | 60.7% | 58.5% |
| Rental Rate | 10.9% | 31.0% | 31.2% |
| Vacancy Rate | 61.1% | 8.3% | 10.2% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Summit County has a homeownership rate of 28.0%, lower than the Colorado average of 60.7%. Its housing vacancy rate is 61.1%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Summit County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1988 | 1985 | 1978 |
| Median Number of Rooms | 4.2 | 5.7 | 5.5 |
The typical housing unit in Summit County was built around 1988. On average, 2.4 people live in a home with about 4.2 rooms, staying for about 15.0 years on average.
Summit County, CO Housing Compared With Nearby Counties
How Summit County, CO compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Summit County, CO | 31,017 | $721,081 #3/3 | $1,927 #2/3 | 72.1% #2/3 |
| Grand County, CO | 15,895 | $787,281 | $1,492 | 73.4% |
| Eagle County, CO | 55,135 | $1,803,212 | $2,019 | 65.9% |
Frequently Asked Questions
Common questions about the housing market in Summit County, Colorado.
What is the median home price in Summit County, Colorado?
The median home price in Summit County, Colorado is $721,081, higher than the Colorado average of $484,034.
What is the average home price in Summit County, Colorado?
The typical home price in Summit County, Colorado, reported as the median sale price, is $721,081. 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 Summit County, Colorado?
The median gross rent in Summit County, Colorado is $1,927 per month, higher than the Colorado average of $1,761.
What was the median gross rent in Summit County in 2020?
In 2020, the median gross rent in Summit County, Colorado was $1,449 per month.
What is the price-to-rent ratio in Summit County, Colorado?
The price-to-rent ratio in Summit County, Colorado is about 31.2, meaning it would take roughly 31.2 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 Summit County.
Are home prices or rent rising faster in Summit County, Colorado?
Both home prices and rent are rising in Summit County, up about 14.9% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Summit County, Colorado?
28.0% of households in Summit County, Colorado own their home, lower than the Colorado average of 60.7%.
What is the vacancy rate in Summit County, Colorado?
The housing vacancy rate in Summit County, Colorado is 61.1%, higher than the Colorado average of 8.3%.
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