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These days, finding an affordable place to live in the Cortez area can be challenging. Home prices in Cortez are now at a median cost of $324,715, lower than the Colorado average of $579,698.
The average cost of rent is $951/mo in Cortez, primarily driven by the current value of real estate in the Cortez area. In Cortez, 27.51% of households rent, and 46.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cortez is $5,681 per month. Households that rent pay about 16.73% of their income on rent here. Cortez’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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