Bayfield, CO—81122
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bayfield, CO
As of Oct '25, the median home price in Bayfield, CO is $504,000, with a year-over-year change of 0.4%. This indicates that home prices in Bayfield, CO are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $504,000 | 0.4% |
| Single Family | $505,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $358,000 | -3.2% |
2 Bed | $441,000 | -1.8% |
3 Bed | $537,000 | 0.4% |
4 Bed | $645,000 | 0.3% |
| 5 Bed | $867,000 | -0.5% |
% of Housing Stock
Rental Trends — Bayfield, CO
As of July '25, Rentcast reports the average rent in Bayfield, CO is $2,080, with a year-over-year rent change of 6.1%. Per bedroom, the median rent as of July '25 in Bayfield, CO is 1-bedrooms: $950, 2-bedrooms: $1,400, 3-bedrooms: $2,450, 4-bedrooms: $3,180. The most common rental property sizes in Bayfield, CO are 3-bedroom and 2-bedroom, accounting for 60.7% and 17.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $950 |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $2,500 | $2,450 |
| 4 Bed Rent | $2,400 | $3,180 |
% of Rental Stock
Property Listings — Bayfield, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Bayfield, CO is 88. This is a increase of 10.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $749,000 | 10.0% |
Listing Count | 81 | 3.0% |
| Listings as % of Homes | 0.8% | 3.0% |
Days on Market | 88 | 10.0% |
Demographics — Bayfield, CO
As of the latest ACS Survey released in 2023, Bayfield, CO has a population of 8,920, which has increased by 1.7% over the past 5 years. Bayfield, CO is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 41.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,920 | 1.7% |
% Under 18 | 20.9% | -15.4% |
% Seniors | 17.8% | 30.9% |
% WFH | 17.7% | 200.0% |
% w/ College Degree | 41.5% | 15.0% |
As of the latest ACS Survey released in 2023, Bayfield, CO is a predominantly white area, with 81.6% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Bayfield, CO is hispanic, making up 12.3% of the population. Foreign-born residents account for 1.3% of the population in Bayfield, CO, and this percentage has decreased by 58.1% 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 | 81.6% | 0.1% |
% Black | 0.0% | N/A |
% Hispanic | 12.3% | -12.1% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 1.3% | -58.1% |
Mortgage and Risk — Bayfield, CO
According to HUD data as of 2023, there were 238 mortgage originations in Bayfield, CO, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Bayfield, CO. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 238 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 0.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Bayfield, CO
Bayfield, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $900 | $1,270 |
| 2 Bedroom | $250 | $1,400 | $1,650 |
| 3 Bedroom | -$470 | $2,500 | $2,030 |
| 4 Bedroom | $240 | $2,400 | $2,640 |
Affordability — Bayfield, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $504,000 |
| Median Household Income | $94,400 |