Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rico area can be challenging. Home prices in Rico are now at a median cost of $295,565, lower than the Colorado average of $430,259.
The average cost of rent is $1,423/mo in Rico, primarily driven by the current value of real estate in the Rico area. While nearly 53.72% of residents own their homes outright in Rico, 10.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rico is $3,637 per month. Households that rent pay about 39.11% of their income on rent here. Rico's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
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