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 | Yuma County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $480,058 | $242,182 |
| Price Trend (Annual %) | -5.3% | 11.8% | 8.2% |
| Median Gross Rent | $896 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Yuma County is about 77% lower than in Colorado. Rent is about 47% lower than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Yuma County: home prices fell about 5.3% a year while rent rose about 5.3% a year. That is an unusual pattern worth watching.
Median rent in Yuma County rose about 40.3% between 2015 and 2023, from $638 to $896. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Yuma County.
Buying the median-priced home in Yuma County costs roughly 10.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Yuma County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Yuma County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $480,058 | $242,182 |
| Median Household Income | $60,068 | $93,055 | $78,145 |
| Price-to-Income Ratio | 1.9 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Yuma County fell about 19.6%, while median household income rose about 50.3% between 2009 and 2023 — 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 | Yuma County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.9% | 60.6% | 58.2% |
| Rental Rate | 27.6% | 30.8% | 31.3% |
| Vacancy Rate | 8.5% | 8.6% | 10.6% |
| Median Tenure (years) | 16.0 | 13.0 | 15.0 |
| Median Year Moved In | 2010 | 2013 | 2011 |
Yuma County has a homeownership rate of 63.9%, higher than the Colorado average of 60.6%. Its housing vacancy rate is 8.5%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Yuma County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1963 | 1984 | 1978 |
| Median Number of Rooms | 6.5 | 5.7 | 5.5 |
The typical housing unit in Yuma County was built around 1963. On average, 2.5 people live in a home with about 6.5 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Yuma County, Colorado.
What is the median home price in Yuma County, Colorado?
The median home price in Yuma County, Colorado is $112,500, lower than the Colorado average of $480,058.
What is the average home price in Yuma 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 Yuma County, Colorado?
The median gross rent in Yuma County, Colorado is $896 per month, lower than the Colorado average of $1,692.
What was the median gross rent in Yuma County in 2020?
In 2020, the median gross rent in Yuma County, Colorado was $821 per month.
What is the price-to-rent ratio in Yuma County, Colorado?
The price-to-rent ratio in Yuma County, Colorado is about 10.5, meaning it would take roughly 10.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Yuma County.
Are home prices or rent rising faster in Yuma County, Colorado?
Home prices and rent are moving in opposite directions in Yuma County: home prices fell about 5.3% a year while rent rose about 5.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Yuma County, Colorado?
63.9% of households in Yuma County, Colorado own their home, higher than the Colorado average of 60.6%.
What is the vacancy rate in Yuma County, Colorado?
The housing vacancy rate in Yuma County, Colorado is 8.5%, lower than the Colorado average of 8.6%.