Prices for Rental Homes Going Up, According to Census

Colorado’s foreclosure crisis took its toll on home ownership, while pushing rental costs higher, according to the U.S. Census Bureau’s latest data.

The five-year American Community Survey in 2010 found that more than two thirds of Colorado households, or 67.6 percent, owned the  home they lived in.

That has dropped to 65.9 percent, according to the newly released 2012 five-year survey.

This map shows average rental home prices by county in Colorado.

This map shows average rental home prices by county in Colorado.

Rentals and their monthly costs are going in the opposite direction. The median rents have gone from $852 a month in the 2010 survey to $883 in 2011 and $915 in the latest Census report.

Rental costs ranged from $1,354 a month in Pitkin County, home to Aspen, to $454 a month in Baca County in southeast Colorado.

During those same years, home prices have remained stagnant with the median home value at just over $236,000 in all three surveys.

The latest Census report averaged the results of surveys conducted between 2008 and 2012.

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