Garfield County, Colorado Housing Market
In Garfield County, Colorado, the median home value is $527,800, with a median monthly rent of $1,637. This places Garfield County at #119 nationally out of 3134 counties by median home value, and #22 within Colorado.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,303
- Establishments: 2,970
- BLS QCEW, 2025
Housing Supply
- Single-family: 201
- Multi-family: 93
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 25,431 (avg $104,662)
- Outflow: 23,368 (avg $102,172)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Garfield County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 81635 | 274.6 | +3.18% | 2025 |
| 2 | 81601 | 318.9 | +8.07% | 2025 |
| 3 | 81647 | 311.7 | +5.53% | 2025 |
| 4 | 81650 | 277.5 | +4.79% | 2025 |
| 5 | 81652 | 277.6 | +1.91% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Garfield County Compares
| Metric | Garfield County | Colorado Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $527,800 | $427,512 | $227,706 |
| Median Gross Rent | $1,637 | $1,302 | $968 |
| Owner Occupancy Rate | 69.6% | 71.9% | 73.3% |
| Price/Rent Ratio | 26.9 | 26.3 | 18.7 |
Market Analysis
The median home value in Garfield County is 23.5% above the Colorado state average and 131.8% above the U.S. national average. The median rent of $1,637/month is 25.7% above the state average.
With a price-to-rent ratio of 26.9, Garfield County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Garfield County has an owner-occupancy rate of 69.6%, compared to 71.9% in Colorado and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Pierce County | Washington | $526,600 | $1,806 |
| Union County | New Jersey | $529,200 | $1,730 |
| Bronx County | New York | $529,500 | $1,458 |
| Skamania County | Washington | $529,500 | $1,068 |
| Salt Lake County | Utah | $525,700 | $1,592 |
Other Counties in Colorado
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Park County | $532,100 | $2,161 | 86.2% |
| Arapahoe County | $561,200 | $1,891 | 64.7% |
| Larimer County | $569,100 | $1,716 | 64.0% |
| Adams County | $484,200 | $1,781 | 68.6% |
| Gilpin County | $573,900 | $1,658 | 87.5% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).