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 | Weld County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $412,197 | $480,058 | $242,182 |
| Price Trend (Annual %) | 13.7% | 11.8% | 8.2% |
| Median Gross Rent | $1,468 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 6.8% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Weld County is about 14% lower than in Colorado. Rent is about 13% 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 Weld County, up about 13.7% and 6.8% a year respectively. Home prices are changing faster.
Median rent in Weld County rose about 62.4% between 2015 and 2023, from $904 to $1,468. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Weld County.
Buying the median-priced home in Weld County costs roughly 23.4 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 Weld County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Weld County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $412,197 | $480,058 | $242,182 |
| Median Household Income | $93,394 | $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 Weld County rose about 171.8%, while median household income rose about 68.1% 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 | Weld County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.5% | 60.6% | 58.2% |
| Rental Rate | 23.5% | 30.8% | 31.3% |
| Vacancy Rate | 4.0% | 8.6% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Weld County has a homeownership rate of 72.5%, higher than the Colorado average of 60.6%. Its housing vacancy rate is 4.0%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Weld County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.79 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1993 | 1984 | 1978 |
| Median Number of Rooms | 6.2 | 5.7 | 5.5 |
The typical housing unit in Weld County was built around 1993. On average, 2.8 people live in a home with about 6.2 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Weld County, Colorado.
What is the median home price in Weld County, Colorado?
The median home price in Weld County, Colorado is $412,197, lower than the Colorado average of $480,058.
What is the average home price in Weld 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 Weld County, Colorado?
The median gross rent in Weld County, Colorado is $1,468 per month, lower than the Colorado average of $1,692.
What was the median gross rent in Weld County in 2020?
In 2020, the median gross rent in Weld County, Colorado was $1,142 per month.
What is the price-to-rent ratio in Weld County, Colorado?
The price-to-rent ratio in Weld County, Colorado is about 23.4, meaning it would take roughly 23.4 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 Weld County.
Are home prices or rent rising faster in Weld County, Colorado?
Both home prices and rent are rising in Weld County, up about 13.7% and 6.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Weld County, Colorado?
72.5% of households in Weld County, Colorado own their home, higher than the Colorado average of 60.6%.
What is the vacancy rate in Weld County, Colorado?
The housing vacancy rate in Weld County, Colorado is 4.0%, lower than the Colorado average of 8.6%.