Merino, CO—80741
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Merino, CO
As of Oct '25, the median home price in Merino, CO is $344,000, with a year-over-year change of 5.2%. This indicates that home prices in Merino, CO are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $344,000 | 5.2% |
| Single Family | $344,000 | 4.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $380,000 | 6.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Merino, CO
Merino, CO lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $900 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Merino, CO
Merino, CO lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | 0.5% | N/A |
Days on Market | N/A | N/A |
Demographics — Merino, CO
As of the latest ACS Survey released in 2023, Merino, CO has a population of 870, which has decreased by -10.7% over the past 5 years. Merino, CO is a less popular place for families, as children make up 12.3% of the population. The area has a moderately educated workforce, with 30.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 870 | -10.7% |
% Under 18 | 12.3% | -49.0% |
% Seniors | 20.3% | 34.4% |
% WFH | 10.2% | -15.0% |
% w/ College Degree | 30.3% | 25.2% |
As of the latest ACS Survey released in 2023, Merino, CO is a predominantly white area, with 88.4% of the population identifying as white. The white population has grown by 14.5% in the last 5 years. The second most common race or ethnicity in Merino, CO is asian, making up 5.1% of the population. Foreign-born residents account for 3.1% of the population in Merino, CO, and this percentage has decreased by 40.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.4% | 14.5% |
% Black | 1.7% | ∞% |
% Hispanic | 3.4% | -80.1% |
% Asian | 5.1% | ∞% |
% Foreign Born | 3.1% | -40.4% |
Mortgage and Risk — Merino, CO
According to HUD data as of 2023, there were 21 mortgage originations in Merino, CO, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Merino, CO. Investor activity is low, as 0.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 21 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Merino, CO
Merino, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $900 | $1,080 |
| 2 Bedroom | N/A | N/A | $1,380 |
| 3 Bedroom | N/A | N/A | $1,950 |
| 4 Bedroom | N/A | N/A | $2,160 |
Affordability — Merino, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $344,000 |
| Median Household Income | $80,100 |