Otero County, Colorado Housing Market
In Otero County, Colorado, the median home value is $168,900, with a median monthly rent of $839. This places Otero County at #1824 nationally out of 3134 counties by median home value, and #58 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: $940
- Establishments: 447
- BLS QCEW, 2025
Housing Supply
- Single-family: 8
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,870 (avg $50,669)
- Outflow: 6,402 (avg $51,351)
- IRS Statistics of Income
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| Metric | Otero County | Colorado Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $168,900 | $427,512 | $227,706 |
| Median Gross Rent | $839 | $1,302 | $968 |
| Owner Occupancy Rate | 68.9% | 71.9% | 73.3% |
| Price/Rent Ratio | 16.8 | 26.3 | 18.7 |
Market Analysis
The median home value in Otero County is 60.5% below the Colorado state average and 25.8% below the U.S. national average. The median rent of $839/month is 35.6% below the state average.
With a price-to-rent ratio of 16.8, the buy-vs-rent decision in Otero County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Otero County has an owner-occupancy rate of 68.9%, 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 |
|---|---|---|---|
| Highland County | Ohio | $168,900 | $780 |
| Meriwether County | Georgia | $168,800 | $920 |
| Wilkes County | North Carolina | $168,800 | $723 |
| Woodward County | Oklahoma | $169,000 | $838 |
| Upson County | Georgia | $168,700 | $849 |
Other Counties in Colorado
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kiowa County | $161,500 | $800 | 68.7% |
| Prowers County | $160,600 | $808 | 67.1% |
| Costilla County | $184,700 | $927 | 79.0% |
| Cheyenne County | $187,500 | $926 | 72.6% |
| Sedgwick County | $149,000 | $774 | 71.8% |
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).