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These days, finding an affordable place to live in the Espinosa area can be challenging. Home prices in Espinosa are now at a median cost of $418,800, lower than the Colorado average of $579,698.
The average cost of rent is $749/mo in Espinosa, primarily driven by the current value of real estate in the Espinosa area. In Espinosa, 6.90% of households rent, and 78.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Espinosa is $4,771 per month. Households that rent pay about 15.70% of their income on rent here. Espinosa’s most expensive areas are in the eastern regions, while the cheapest areas are in the eastern 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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