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Affordable
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These days, finding an affordable place to live in the 81240 area can be challenging. Home prices in 81240 are now at a median cost of $339,619, lower than the Colorado average of $579,698.
The average cost of rent is $1,111/mo in 81240, primarily driven by the current value of real estate in the 81240 area. In 81240, 19.73% of households rent, and 45.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 81240 is $7,812 per month. Households that rent pay about 14.22% of their income on rent here. 81240’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 81226, CO: less expensive homes
- 81221, CO: less expensive homes
- 81244, CO: less expensive homes
- 81215, CO: equally priced homes
- 81212, CO: equally priced homes
- 81007, CO: higher priced homes
- 81008, CO: equally priced homes
- 81223, CO: equally priced homes
- 81222, CO: higher priced homes
- 81233, CO: higher priced homes
Zip Codes with Similar Populations
- 03862, NH: higher priced homes
- 06417, CT: equally priced homes
- 05743, VT: less expensive homes
- 97119, OR: higher priced homes
- 07803, NJ: higher priced homes
- 04429, ME: equally priced homes
- 04358, ME: less expensive homes
- 04236, ME: less expensive homes
- 00652, PR: less expensive homes
- 98570, WA: higher priced homes
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