Rio Grande County, Colorado Housing Market
In Rio Grande County, Colorado, the median home value is $239,500, with a median monthly rent of $945. This places Rio Grande County at #988 nationally out of 3134 counties by median home value, and #49 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: $949
- Establishments: 460
- BLS QCEW, 2025
Housing Supply
- Single-family: 34
- Multi-family: 8
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,464 (avg $67,539)
- Outflow: 5,033 (avg $67,980)
- IRS Statistics of Income
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| Metric | Rio Grande County | Colorado Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $239,500 | $427,512 | $227,706 |
| Median Gross Rent | $945 | $1,302 | $968 |
| Owner Occupancy Rate | 67.1% | 71.9% | 73.3% |
| Price/Rent Ratio | 21.1 | 26.3 | 18.7 |
Market Analysis
The median home value in Rio Grande County is 44.0% below the Colorado state average and 5.2% above the U.S. national average. The median rent of $945/month is 27.4% below the state average.
With a price-to-rent ratio of 21.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Rio Grande 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 |
|---|---|---|---|
| Kit Carson County | Colorado | $239,500 | $973 |
| Salem County | New Jersey | $239,500 | $1,253 |
| Jackson County | Colorado | $239,600 | $1,701 |
| Knox County | Ohio | $239,400 | $950 |
| Anderson County | Tennessee | $239,400 | $1,031 |
Other Counties in Colorado
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kit Carson County | $239,500 | $973 | 72.6% |
| Jackson County | $239,600 | $1,701 | 71.1% |
| Alamosa County | $239,100 | $907 | 55.9% |
| Las Animas County | $237,600 | $891 | 68.6% |
| Logan County | $245,300 | $1,013 | 66.3% |
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).