Monte Vista, Colorado Real Estate & Housing Market

Monte Vista, CO Listings

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Monte Vista Housing Information

Index	Monte Vista	Colorado	National
Median home price	$102,900	$264,600	$184,700
Median rent asked	$557	$1,057	$949
Avg. people per household	2.5	2.5	2.6
Owner occupied households	58.1%	64.4%	63.6%
Renter occupied households	41.9%	35.6%	36.4%

Above, you will see a summary of real estate in Monte Vista, CO. On average, homes in Monte Vista, CO cost $102,900, a value that is 61% lower than the average in Colorado. In general terms, this results in Monte Vista, CO real estate being more affordable than Colorado real estate. On average, people who rent houses in Monte Vista, CO pay $557; this value is 47% lower than the average amount renters pay in Colorado. 58.1% of Monte Vista, CO residents own their own homes and, on average, each of the homes has 2.5 occupants. Monte Vista, CO real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Monte Vista, CO is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Monte Vista Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Monte Vista, CO. To estimate home affordability, one method is to use the ratio of home price to median household income. The Monte Vista, CO’s median home price stands at $102,900 while $35,117 is the value of the average household income. The resulting home price to income ratio, which is 2.9x, differs from the Colorado average as the ratio is 31% lower than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Monte Vista, CO are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Monte Vista, CO.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Hooper, CO	56	$0	100%
Center, CO	2,052	$79,300	57%
Del Norte, CO	1,894	$80,900	56%
Monte Vista, CO	4,315	$102,900	44%

Cities with similar population

City, State	Population	Home Price	National Avg.
Garwood, NJ	4,315	$372,500	102%
Williamstown, MA	4,315	$331,700	80%
Pinetop-Lakeside, AZ	4,314	$192,700	4%
Barrow, AK	4,316	$177,800	4%
Dimmitt, TX	4,317	$67,100	64%
Monte Vista, CO	4,315	$102,900	44%

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