Montezuma County, Colorado Housing Market
In Montezuma County, Colorado, the median home value is $331,400, with a median monthly rent of $942. This places Montezuma County at #483 nationally out of 3134 counties by median home value, and #37 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: $897
- Establishments: 960
- BLS QCEW, 2025
Housing Supply
- Single-family: 20
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 11,362 (avg $88,592)
- Outflow: 10,210 (avg $90,305)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Montezuma County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 81321 | 271.6 | -1.11% | 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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| Metric | Montezuma County | Colorado Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $331,400 | $427,512 | $227,706 |
| Median Gross Rent | $942 | $1,302 | $968 |
| Owner Occupancy Rate | 76.2% | 71.9% | 73.3% |
| Price/Rent Ratio | 29.3 | 26.3 | 18.7 |
Market Analysis
The median home value in Montezuma County is 22.5% below the Colorado state average and 45.5% above the U.S. national average. The median rent of $942/month is 27.6% below the state average.
With a price-to-rent ratio of 29.3, Montezuma 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.
Montezuma County has an owner-occupancy rate of 76.2%, compared to 71.9% in Colorado and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Olmsted County | Minnesota | $331,700 | $1,370 |
| Geauga County | Ohio | $331,100 | $1,083 |
| Billings County | North Dakota | $331,000 | $621 |
| Gloucester County | Virginia | $331,000 | $1,096 |
| Kent County | Maryland | $330,900 | $1,209 |
Other Counties in Colorado
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Morgan County | $338,600 | $1,025 | 67.3% |
| Fremont County | $324,000 | $1,070 | 75.6% |
| Delta County | $343,200 | $1,121 | 77.9% |
| Pueblo County | $291,300 | $1,111 | 68.9% |
| Moffat County | $289,500 | $1,039 | 69.4% |
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).