Home/Colorado/Summit County

Summit County Housing Market

Colorado · 64 counties · Ranked #3120 in home value

Above National Avg

Housing at a Glance

Median Home Value

$850,700

vs national+$850,700 vs $281,900 national

Median Gross Rent

$1,851/mo

vs national+$1,851 vs $1,163 national

Effective Tax Rate

0.31%

vs national0.31% vs 1.02% national

Median Household Income

$106,255

vs national+$106,255 vs $74,755 national

Affordability Ratio

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

26.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,641

Tax as % of Home Value

0.31%

Monthly Owner Cost

$1,874

Renter Income

$73,556

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Summit County?

The median home value in Summit County is $850,700. This is above the national median of $281,900.

How much is rent in Summit County?

The median gross rent in Summit County is $1,851 per month.

What is the property tax rate in Summit County?

The effective property tax rate in Summit County is 0.31%. The median annual property tax bill is $2,641.

Is Summit County affordable?

With a home-value-to-income ratio of 8x, Summit County is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.