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Erie town, CO

ZIP 80516 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 80516

Median Home Value
$683,600
Median Rent
$2,518
Affordability Snapshot
$188,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,391/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

22.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 80516 in Erie town, CO, a household would need roughly $188,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,391. That is about 17% above the local median household income ($160,590), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
89.0%+36% vs US avg
x
Vacancy Rate
1.5%-85% vs US avg
x
Broadband Access
97.1%+12% vs US avg
x
4+ Bedrooms
20.4%+38% vs US avg
x
Built Pre-1939
0.4%-97% vs US avg
x
Built Post-2014
9.8%+42% vs US avg
x
Rent Burden >30%
24.8%-50% vs US avg
x
Mortgage-Free
21.5%-44% vs US avg
x
$683,600
Home Value
$2,518
Rent
2008
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached86.4%
  • 1-unit attached8.5%
  • 2-9 units1.1%
  • 10+ units2.7%
  • Mobile home & other1.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$683,600
Median rent$2,518
Owner-occupied89.0%
Vacant1.5%
Price-to-income4.3x
Est. income to buy$188,000