Prowers County, Colorado Housing Market
In Prowers County, Colorado, the median home value is $160,600, with a median monthly rent of $808. This places Prowers County at #2005 nationally out of 3134 counties by median home value, and #60 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: $854
- Establishments: 358
- BLS QCEW, 2025
Housing Supply
- Single-family: 16
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,355 (avg $54,943)
- Outflow: 4,056 (avg $56,055)
- IRS Statistics of Income
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| Metric | Prowers County | Colorado Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $160,600 | $427,512 | $227,706 |
| Median Gross Rent | $808 | $1,302 | $968 |
| Owner Occupancy Rate | 67.1% | 71.9% | 73.3% |
| Price/Rent Ratio | 16.6 | 26.3 | 18.7 |
Market Analysis
The median home value in Prowers County is 62.4% below the Colorado state average and 29.5% below the U.S. national average. The median rent of $808/month is 37.9% below the state average.
With a price-to-rent ratio of 16.6, the buy-vs-rent decision in Prowers County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Prowers County has an owner-occupancy rate of 67.1%, 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 |
|---|---|---|---|
| Clinton County | Iowa | $160,600 | $850 |
| Henry County | Missouri | $160,600 | $768 |
| Johnson County | Illinois | $160,500 | $781 |
| Sandusky County | Ohio | $160,700 | $783 |
| Adair County | Iowa | $160,400 | $799 |
Other Counties in Colorado
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kiowa County | $161,500 | $800 | 68.7% |
| Otero County | $168,900 | $839 | 68.9% |
| Sedgwick County | $149,000 | $774 | 71.8% |
| Bent County | $146,900 | $1,162 | 65.2% |
| Costilla County | $184,700 | $927 | 79.0% |
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).