Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$407,031+1.9% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$88,236About 1.3× the local median income ($66,611): a stretch for a typical household
Days on market91 daysFaster than a year ago: sellers have the edge
The typical home in Montezuma County, CO is worth $407,031, up 1.9% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $381,893, so the area is 6.6% overvalued. It is a balanced market, leaning toward buyers: homes take about 91 days to sell, listings are up 5% from a year ago, 17% of listings have had a price cut. A household needs about $88,236 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,611. Typical rent is $1,746 a month. In the latest IRS figures, 214 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$407,031
Change in 1 year
+1.9%
Overvalued %
+6.6%
Show 6 more
Fair home value
$381,893
Change in 5 years
+17.6%
Home value to income
6.1×
Monthly mortgage payment (20% down)
$2,206
Income needed to afford it
$88,236
Property tax rate
0.29%
Rent and investing
Typical rent
$1,746
Price-to-rent ratio
19.4×
HUD Fair Market Rent, 2 bedrooms
$1,280
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Gross rental yield
5.15%
Cap rate (estimate)
3.35%
Market activity
Listings vs a year ago
+4.6%
Days on market
91
Listings with a price cut
17.1%
Show 3 more
Homes for sale
181
Pending sales per 100 listings
18
Asking price per sq ft
$291
People and jobs
Median household income
$66,611
Population change (1 year)
−0.1%
Unemployment rate
3.9%
Show 4 more
Population
26,678
Income adjusted for cost of living
$68,319
Net moves in (IRS)
+214
Cost of living (US = 100)
97.5
Schools, risk and environment
School rating (1 to 10)
4.3
FEMA hazard risk score (0 to 100)
47.6
Unhealthy air days a year
1
Show 4 more
Flood risk score
56.1
Wildfire risk score
93.6
Walkability (1 to 20)
6.2
Road, rail and air noise
54 dB
Questions people ask
Is Montezuma County, CO overvalued?
Home prices in Montezuma County, CO are slightly above what local incomes have historically supported: fair value is about $381,893, so the area is 6.6% overvalued.
Is Montezuma County, CO a buyer's or seller's market?
Montezuma County, CO is a balanced market, leaning toward buyers: homes take about 91 days to sell, listings are up 5% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Montezuma County, CO?
Home values in Montezuma County, CO are up 1.9% over the last year.
How much do you need to earn to buy a home in Montezuma County, CO?
A household needs about $88,236 a year to afford the typical home in Montezuma County, CO at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,611.