Summit County, Colorado Housing Market
In Summit County, Colorado, the median home value is $939,900, with a median monthly rent of $1,928. This places Summit County at #15 nationally out of 3134 counties by median home value, and #2 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: $1,106
- Establishments: 2,458
- BLS QCEW, 2025
Housing Supply
- Single-family: 135
- Multi-family: 183
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 15,673 (avg $148,748)
- Outflow: 13,858 (avg $144,612)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Summit County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 80435 | 360.3 | -5.29% | 2025 |
| 2 | 80424 | 394.4 | +14.32% | 2025 |
| 3 | 80443 | 343.8 | +25.19% | 2022 |
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 Summit County Compares
| Metric | Summit County | Colorado Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $939,900 | $427,512 | $227,706 |
| Median Gross Rent | $1,928 | $1,302 | $968 |
| Owner Occupancy Rate | 72.1% | 71.9% | 73.3% |
| Price/Rent Ratio | 40.6 | 26.3 | 18.7 |
Market Analysis
The median home value in Summit County is 119.9% above the Colorado state average and 312.8% above the U.S. national average. The median rent of $1,928/month is 48.1% above the state average.
With a price-to-rent ratio of 40.6, Summit 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.
Summit County has an owner-occupancy rate of 72.1%, 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 |
|---|---|---|---|
| Orange County | California | $962,600 | $2,434 |
| Kings County | New York | $905,000 | $1,833 |
| Maui County | Hawaii | $904,700 | $1,916 |
| Honolulu County | Hawaii | $897,500 | $2,083 |
| Arlington County | Virginia | $895,000 | $2,322 |
Other Counties in Colorado
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Routt County | $854,700 | $1,917 | 76.0% |
| Eagle County | $839,500 | $2,019 | 65.9% |
| Boulder County | $756,300 | $1,966 | 62.0% |
| Pitkin County | $1,139,100 | $2,004 | 62.8% |
| Ouray County | $739,800 | $1,786 | 82.5% |
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).