Castle Rock, Colorado Real Estate & Housing Market

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Castle Rock Housing Information

Index	Castle Rock	Colorado	National
Median home price	$328,700	$264,600	$184,700
Median rent asked	$1,307	$1,057	$949
Avg. people per household	2.7	2.5	2.6
Owner occupied households	76.4%	64.4%	63.6%
Renter occupied households	23.6%	35.6%	36.4%

The above shows an overview of the real estate market in Castle Rock, CO. Note how the median home price for Castle Rock, CO runs $328,700, which is 24% higher than the average property price for Colorado. So you’re going to get real estate in Castle Rock, CO that is on-average less affordable than what you’ll find in the rest of Colorado. As for rent, the median for Castle Rock, CO runs $1,307, which is comparatively 24% higher than the average rent for Colorado. For Castle Rock, CO, about 76.4% of the population consist of home owners with about 2.7 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Castle Rock, CO offers a wide variety of real estate. To find your perfect home in Castle Rock, CO, filter your choice by price, location, and number of beds and baths using the search area above.

Castle Rock Home Affordability

When deciding where to purchase Castle Rock, CO real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Castle Rock, CO the median home price is $328,700 and $93,153 is the median household income. As a result, the home price to income ratio in Castle Rock, CO is 3.5x, which is 17% lower than the Colorado average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Castle Rock, CO the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Castle Rock, CO.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Larkspur, CO	221	$0	100%
Elizabeth, CO	1,174	$204,700	11%
Dove Valley, CO	5,358	$214,500	16%
Sedalia, CO	157	$221,400	20%
Rock Creek Park, CO	57	$225,000	22%
Castle Rock, CO	53,789	$328,700	78%

Cities with similar population

City, State	Population	Home Price	National Avg.
Colton, CA	53,856	$189,500	3%
Euless, TX	53,675	$159,400	14%
Elyria, OH	53,928	$94,800	49%
Blue Springs, MO	53,641	$146,800	21%
Wheaton, IL	53,568	$342,000	85%
Castle Rock, CO	53,789	$328,700	78%

Source: The Castle Rock, CO housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).