Erie, Colorado Real Estate & Housing Market

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Erie Housing Information

Index	Erie	Colorado	National
Median home price	$379,800	$264,600	$184,700
Median rent asked	$1,550	$1,057	$949
Avg. people per household	2.9	2.5	2.6
Owner occupied households	86.5%	64.4%	63.6%
Renter occupied households	13.5%	35.6%	36.4%

Above is a snapshot look at the real estate market in Erie, CO. In Erie, CO, the median house price is $379,800, making the price 44% higher than that the average for Colorado. Therefore, the affordability of Erie, CO area real estate is less affordable than the real estate in other areas of Colorado. In addition, Erie, CO has a median rent price of $1,550; this price is 47% higher than that the average rental price for Colorado. 86.5% of residents in Erie, CO are homeowners, and the average amount of people who reside in each home is 2.9. Erie, CO has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Erie, CO real estate for sale.

Erie Home Affordability

When looking for real estate in Erie, CO, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Erie, CO, the median price of a home is $379,800 and $110,877 is the median household income. This means that the home price to income ratio is 3.4x, a ratio that is 19% lower than the average in Colorado. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Erie, CO will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Erie, CO.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Blue Sky, CO	15	$0	100%
Leyner, CO	27	$0	100%
Federal Heights, CO	12,173	$42,200	77%
Derby, CO	8,930	$125,300	32%
Welby, CO	16,771	$163,200	12%
Erie, CO	20,801	$379,800	106%

Cities with similar population

City, State	Population	Home Price	National Avg.
Adrian, MI	20,800	$69,300	62%
Merrick, NY	20,808	$537,200	191%
Monsey, NY	20,791	$558,200	202%
Marina, CA	20,816	$392,500	113%
New Hope, MN	20,819	$194,900	6%
Erie, CO	20,801	$379,800	106%

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