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Affordable
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These days, finding an affordable place to live in the 81506 area can be challenging. Home prices in 81506 are now at a median cost of $440,406, lower than the Colorado average of $579,698.
The average cost of rent is $1,177/mo in 81506, primarily driven by the current value of real estate in the 81506 area. In 81506, 33.94% of households rent, and 43.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 81506 is $7,125 per month. Households that rent pay about 16.52% of their income on rent here. 81506’s most expensive areas are in the western 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
- 81501, CO: less expensive homes
- 81505, CO: higher priced homes
- 81504, CO: less expensive homes
- 81503, CO: less expensive homes
- 81507, CO: higher priced homes
- 81520, CO: less expensive homes
- 81526, CO: higher priced homes
- 81521, CO: equally priced homes
- 81524, CO: higher priced homes
- 81525, CO: higher priced homes
Zip Codes with Similar Populations
- 19060, PA: higher priced homes
- 81082, CO: less expensive homes
- 36064, AL: less expensive homes
- 83333, ID: higher priced homes
- 84042, UT: higher priced homes
- 91502, CA: higher priced homes
- 93614, CA: less expensive homes
- 28345, NC: less expensive homes
- 25428, WV: less expensive homes
- 24477, VA: less expensive homes
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