Hesperus, CO—81303
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Hesperus, CO
Home Price Trends — Hesperus, CO
As of Oct '25, the median home price in Hesperus, CO is $685,000, with a year-over-year change of 2.9%. This indicates that home prices in Hesperus, CO are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $685,000 | 3.0% |
| Single Family | $698,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $521,000 | 0.0% |
3 Bed | $720,000 | 2.6% |
4 Bed | $863,000 | 1.5% |
| 5 Bed | $1,182,000 | 4.3% |
% of Housing Stock
Rental Trends — Hesperus, CO
As of July '25, Rentcast reports the average rent in Hesperus, CO is $2,610, with a year-over-year rent change of 13.5%. Per bedroom, the median rent as of July '25 in Hesperus, CO is 1-bedrooms: $1,910, 2-bedrooms: $2,500, 3-bedrooms: $2,860. The most common rental property sizes in Hesperus, CO are 3-bedroom and 2-bedroom, accounting for 51.5% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,610 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,690 | $1,910 |
| 2 Bed Rent | $2,500 | $2,500 |
| 3 Bed Rent | $2,400 | $2,860 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hesperus, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Hesperus, CO is 70. This is a decrease of -17.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $987,000 | -17.0% |
Listing Count | 49 | 17.0% |
| Listings as % of Homes | 0.5% | 17.0% |
Days on Market | 70 | -17.0% |
Demographics — Hesperus, CO
As of the latest ACS Survey released in 2023, Hesperus, CO has a population of 9,700, which has increased by 15.9% over the past 5 years. Hesperus, CO is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 34.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,700 | 15.9% |
% Under 18 | 21.9% | 3.8% |
% Seniors | 19.2% | 14.3% |
% WFH | 19.0% | 150.0% |
% w/ College Degree | 34.8% | -4.1% |
As of the latest ACS Survey released in 2023, Hesperus, CO is a predominantly white area, with 66.7% of the population identifying as white. The white population has shrunk by 17.2% in the last 5 years. The second most common race or ethnicity in Hesperus, CO is hispanic, making up 24.8% of the population. Foreign-born residents account for 5.6% of the population in Hesperus, CO, and this percentage has increased by 43.6% 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 | 66.7% | -17.2% |
% Black | 0.1% | -88.9% |
% Hispanic | 24.8% | 77.1% |
% Asian | 2.0% | 185.7% |
% Foreign Born | 5.6% | 43.6% |
Mortgage and Risk — Hesperus, CO
According to HUD data as of 2023, there were 85 mortgage originations in Hesperus, CO, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Hesperus, CO. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 85 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Hesperus, CO
Hesperus, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 56 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$420 | $1,690 | $1,270 |
| 2 Bedroom | -$950 | $2,500 | $1,550 |
| 3 Bedroom | -$480 | $2,400 | $1,920 |
| 4 Bedroom | N/A | N/A | $2,490 |
Affordability — Hesperus, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $685,000 |
| Median Household Income | $94,600 |