Craig, CO—81625
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Craig, CO
As of Oct '25, the median home price in Craig, CO is $305,000, with a year-over-year change of 4.1%. This indicates that home prices in Craig, CO are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $305,000 | 4.1% |
| Single Family | $307,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $210,000 | 3.4% |
3 Bed | $310,000 | 4.0% |
4 Bed | $378,000 | 4.1% |
| 5 Bed | $442,000 | 2.8% |
% of Housing Stock
Rental Trends — Craig, CO
Craig, CO lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,440 |
| Studio Rent | $950 | $950 |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $1,250 | $1,380 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,500 | $2,650 |
% of Rental Stock
Property Listings — Craig, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Craig, CO is 95. This is a increase of 34.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $355,000 | 11.0% |
Listing Count | 102 | 2.0% |
| Listings as % of Homes | 0.6% | 2.0% |
Days on Market | 95 | 34.0% |
Demographics — Craig, CO
As of the latest ACS Survey released in 2023, Craig, CO has a population of 12,200, which has decreased by -1.9% over the past 5 years. Craig, CO is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,200 | -1.9% |
% Under 18 | 24.4% | -6.2% |
% Seniors | 16.2% | 16.5% |
% WFH | 3.8% | 26.7% |
% w/ College Degree | 21.0% | 23.5% |
As of the latest ACS Survey released in 2023, Craig, CO is a predominantly white area, with 78.8% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Craig, CO is hispanic, making up 14.0% of the population. Foreign-born residents account for 5.3% of the population in Craig, CO, and this percentage has decreased by 31.2% 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 | 78.8% | -2.8% |
% Black | 0.1% | -91.7% |
% Hispanic | 14.0% | -8.5% |
% Asian | 0.3% | ∞% |
% Foreign Born | 5.3% | -31.2% |
Mortgage and Risk — Craig, CO
According to HUD data as of 2023, there were 230 mortgage originations in Craig, CO, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Craig, 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 | 230 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Craig, CO
Craig, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 218 |
Total Units Section 8 | 217 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 82.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,300 | $1,350 |
| 2 Bedroom | $520 | $1,250 | $1,770 |
| 3 Bedroom | N/A | N/A | $2,130 |
| 4 Bedroom | $490 | $2,500 | $2,990 |
Affordability — Craig, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $305,000 |
| Median Household Income | $73,600 |