Evans, CO—80620
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Evans, CO
As of Oct '25, the median home price in Evans, CO is $392,000, with a year-over-year change of -1.7%. This indicates that home prices in Evans, CO are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $392,000 | -1.7% |
| Single Family | $393,000 | -2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $337,000 | -1.2% |
3 Bed | $390,000 | -1.8% |
4 Bed | $411,000 | -2.4% |
| 5 Bed | $431,000 | -2.7% |
% of Housing Stock
Rental Trends — Evans, CO
As of July '25, Rentcast reports the average rent in Evans, CO is $1,700, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Evans, CO is 1-bedrooms: $1,250, 2-bedrooms: $1,450, 3-bedrooms: $2,090, 4-bedrooms: $1,990. The most common rental property sizes in Evans, CO are 2-bedroom and 3-bedroom, accounting for 37.5% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,250 |
| 2 Bed Rent | $1,380 | $1,450 |
| 3 Bed Rent | $2,200 | $2,090 |
| 4 Bed Rent | $1,900 | $1,990 |
% of Rental Stock
Property Listings — Evans, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Evans, CO is 51. This is a increase of 32.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 60.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $385,000 | -5.0% |
Listing Count | 86 | -5.0% |
| Listings as % of Homes | 0.5% | -5.0% |
Days on Market | 51 | 32.0% |
Demographics — Evans, CO
As of the latest ACS Survey released in 2023, Evans, CO has a population of 20,800, which has increased by 7.1% over the past 5 years. Evans, CO is a popular place for families, as children make up 29.7% of the population. The area has a poorly educated workforce, with 19.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,800 | 7.1% |
% Under 18 | 29.7% | 0.3% |
% Seniors | 8.2% | 12.3% |
% WFH | 6.6% | 83.3% |
% w/ College Degree | 19.9% | 44.2% |
As of the latest ACS Survey released in 2023, Evans, CO is a predominantly hispanic area, with 48.0% of the population identifying as hispanic. The hispanic population has grown by 5.0% in the last 5 years. The second most common race or ethnicity in Evans, CO is white, making up 45.3% of the population. Foreign-born residents account for 15.7% of the population in Evans, CO, and this percentage has increased by 6.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 45.3% | -3.6% |
% Black | 1.8% | 63.6% |
% Hispanic | 48.0% | 5.0% |
% Asian | 1.3% | -60.6% |
% Foreign Born | 15.7% | 6.1% |
Mortgage and Risk — Evans, CO
According to HUD data as of 2023, there were 498 mortgage originations in Evans, CO, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Evans, CO. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 498 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Evans, CO
As of 2024, the percent of homes in Evans, CO under the Section 8 program is 8.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Evans, CO, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 165 |
Total Units Section 8 | 165 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,350 | $1,260 |
| 2 Bedroom | $220 | $1,380 | $1,600 |
| 3 Bedroom | $40 | $2,200 | $2,240 |
| 4 Bedroom | $660 | $1,900 | $2,560 |
Affordability — Evans, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $392,000 |
| Median Household Income | $71,400 |