Expensive
Affordable
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These days, finding an affordable place to live in the Paonia area can be challenging. Home prices in Paonia are now at a median cost of $425,823, lower than the Colorado average of $579,698.
The average cost of rent is $1,032/mo in Paonia, primarily driven by the current value of real estate in the Paonia area. In Paonia, 19.52% of households rent, and 54.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Paonia is $5,659 per month. Households that rent pay about 18.24% of their income on rent here. Paonia’s most expensive areas are in the southwestern 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
- Hotchkiss, CO: less expensive homes
- Lazear, CO: less expensive homes
- Crawford, CO: less expensive homes
- Rogers Mesa, CO: less expensive homes
- Somerset, CO: higher priced homes
- Maher, CO: higher priced homes
- Cedaredge, CO: less expensive homes
- Eckert, CO: less expensive homes
- Grand Mesa, CO: equally priced homes
- Orchard City, CO: less expensive homes
Cities with Similar Populations
- Lakemore, OH: less expensive homes
- Fayetteville, OH: less expensive homes
- Rockville, VA: higher priced homes
- Morongo Valley, CA: less expensive homes
- Murphys, CA: higher priced homes
- Myakka City, FL: higher priced homes
- Olivia, NC: less expensive homes
- Otisville, NY: less expensive homes
- Rio Dell, CA: less expensive homes
- Rio Verde, AZ: higher priced homes
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