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  4. /Evans, CO - 80620

Evans, CO—80620

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$396,000
1.5% YoY Growth
Household Income
$71,400
30.5% YoY Growth
Days on Market
46
16.0% Shorter YoY
Home Price Forecast
-1.2%
Median Rent
$1,680
5.6% YoY Growth
1-Bed Rent
$1,350
28.6% YoY Growth
2-Bed Rent
$1,380
4.3% YoY Growth
3-Bed Rent
$2,200
3.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Evans, CO

As of May '26, the median home price in Evans, CO is $396,000, with a year-over-year change of -1.5%. This indicates that home prices in Evans, CO are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$396,000-1.5%
Single Family $396,000-1.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$339,000-1.7%
    3 Bed
    		$394,000-1.3%
    4 Bed
    		$415,000-1.2%
    5 Bed $436,181-1.3%
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    % of Housing Stock

    Studio
    1.8%
    1 Bedroom
    4.3%
    2 Bedrooms
    23.3%
    3 Bedrooms
    48.3%
    4 Bedrooms
    16.0%
    5+ Bedrooms
    6.3%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,680$1,700
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    4.5%
    1 Bedroom
    11.0%
    2 Bedrooms
    37.5%
    3 Bedrooms
    33.6%
    4 Bedrooms
    9.1%
    5+ Bedrooms
    4.2%

    Property Listings — Evans, CO

    As of May '26, Realtor.com reports that the median days on market for a home in Evans, CO is 46. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$373,000-5.0%
    Listing Count
    		80-4.0%
    Listings as % of Homes0.5%-4.0%
    Days on Market
    		46-16.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		20,8007.1%
    % Under 18
    		29.7%0.3%
    % Seniors
    		8.2%12.3%
    % WFH
    		6.6%83.3%
    % w/ College Degree
    		19.9%44.2%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio5.6
    Median Home Price$396,000
    Median Household Income$71,400

    Evans, CO — ZIP Code Boundary Map

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    Frequently Asked Questions