Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hermosa area can be challenging. Home prices in Hermosa are now at a median cost of $661,398, higher than the Colorado average of $430,259.
The average cost of rent is $1,411/mo in Hermosa, primarily driven by the current value of real estate in the Hermosa area. While nearly 47.43% of residents own their homes outright in Hermosa, 15.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hermosa is $7,966 per month. Households that rent pay about 17.71% of their income on rent here. Hermosa's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
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