Pueblo Colorado Residential Rent and Rental Statistics
The median monthly gross residential rent in Pueblo, CO (the Pueblo metro area) was $860 in 2019 according to the Census ACS survey.1 Average gross rent in Pueblo was $857 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Pueblo median and average rent data will be released in September of 2021.
Data is also available below for Pueblo rental vacancy rates, Pueblo rent as a percent of median income and the fraction of renters in Pueblo.
Real Gross Rent in Pueblo Colorado (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Colorado Median Gross Rent | $1,369 | +4.34% | +11.66% |
| Pueblo, CO Median Gross Rent | $860 | +9.00% | +1.06% |
Pueblo, CO Real Gross Rent Trends
At $860, real median gross rent in Pueblo was at its highest level in 2019 since the series began in 2005. At $857, real average gross rent in Pueblo was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Pueblo: Pueblo CO Median, Pueblo CO Average, Colorado Median, US Median
Real Gross Rent History for Pueblo
| Date | US Median |
Colorado Median |
Pueblo, CO Median |
Pueblo, CO Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,369 | $860 | $857 |
| 2018 | $1,077 | $1,312 | $789 | $820 |
| 2017 | $1,043 | $1,279 | $805 | $818 |
| 2016 | $1,027 | $1,226 | $851 | $846 |
| 2015 | $1,017 | $1,179 | $798 | $800 |
| 2014 | $986 | $1,077 | $792 | $773 |
| 2013 | $953 | $1,023 | $795 | $805 |
| 2012 | $940 | $994 | $803 | $806 |
| 2011 | $941 | $972 | $812 | $781 |
| 2010 | $955 | $964 | $717 | $703 |
| 2009 | $960 | $970 | $753 | $761 |
| 2007 | $927 | $926 | $701 | $714 |
| 2005 | $910 | $946 | $715 | $718 |
Pueblo Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Pueblo Colorado was 2.56% according to Census ACS data.
Rental Vacancy Rate in Pueblo Colorado
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Colorado | 4.60% | -0.67% | +0.31% |
| Pueblo, CO | 2.56% | +0.49% | -0.70% |
Trends in Pueblo, CO Rental Vacancy Rate
The rental vacancy rate in Pueblo peaked in 2005 at 12.92%. Since then it has fallen by 10.36% to 2.56%. Data records for this series originated in 2005. From a 2018 post peak low of 2.07%, the rental vacancy rate has increased by 0.49%.
Rental Vacancy Rate: Pueblo CO, Colorado, US
Historical Rental Vacancy Rate data for Pueblo
| Date | US | Colorado | Pueblo, CO |
|---|---|---|---|
| 2019 | 5.97% | 4.60% | 2.56% |
| 2018 | 6.15% | 5.27% | 2.07% |
| 2017 | 6.18% | 5.18% | 2.38% |
| 2016 | 5.89% | 4.29% | 3.26% |
| 2015 | 5.85% | 4.47% | 4.75% |
| 2014 | 6.32% | 4.85% | 6.59% |
| 2013 | 6.49% | 5.26% | 6.80% |
| 2012 | 6.77% | 5.69% | 4.72% |
| 2011 | 7.40% | 5.63% | 10.44% |
| 2010 | 8.17% | 6.72% | 7.51% |
| 2009 | 8.43% | 8.00% | 7.93% |
| 2007 | 7.87% | 8.63% | 8.60% |
| 2005 | 7.74% | 9.35% | 12.92% |
Rent as a Fraction of Income
Using median household income data for Pueblo, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Pueblo, median monthly gross rent as a fraction of median household income was 20.13% in 2019 according to the ACS.
Pueblo Colorado Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Colorado | 21.30% | -0.20% | -0.09% |
| Pueblo, CO | 20.13% | +0.94% | -1.71% |
Trends in Pueblo, CO Rent as a Fraction of Income
The fraction of median Pueblo household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 22.53%. Since then it has fallen by 2.41% to 20.13%.
Fraction of Income towards Rent: Pueblo CO, Colorado, US
Historical Data for Annual Rent as a Fraction of Income in Pueblo Colorado
| Date | US | Colorado | Pueblo, CO |
|---|---|---|---|
| 2019 | 20.03% | 21.30% | 20.13% |
| 2018 | 20.50% | 21.50% | 19.19% |
| 2017 | 20.13% | 21.53% | 21.72% |
| 2016 | 20.43% | 21.39% | 21.84% |
| 2015 | 20.63% | 20.86% | 22.53% |
| 2014 | 20.89% | 19.97% | 21.93% |
| 2013 | 20.78% | 19.81% | 21.98% |
| 2012 | 20.65% | 19.74% | 21.96% |
| 2011 | 20.70% | 19.50% | 22.03% |
| 2010 | 20.50% | 19.16% | 20.10% |
| 2009 | 20.12% | 18.42% | 20.45% |
| 2007 | 18.66% | 17.13% | 17.24% |
| 2005 | 18.89% | 17.93% | 18.40% |
Renter Fraction in Pueblo Colorado
You can calculate the renter fraction in Pueblo in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Pueblo as a fraction of total Pueblo households. In 2019 32.95% of households were renters according to Census ACS data.
Pueblo Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Colorado | 34.15% | -0.71% | -1.09% |
| Pueblo, CO | 32.95% | -1.76% | -2.27% |
Trends in the Pueblo, CO Renter Fraction
The Pueblo household renter fraction peaked in in 2017 at 37.11% and is now 4.16% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Pueblo CO, Colorado, US
History of Pueblo Renter Fraction
| Date | US | Colorado | Pueblo, CO |
|---|---|---|---|
| 2019 | 35.89% | 34.15% | 32.95% |
| 2018 | 36.05% | 34.86% | 34.71% |
| 2017 | 36.13% | 34.80% | 37.11% |
| 2016 | 36.88% | 35.24% | 35.22% |
| 2015 | 36.97% | 36.25% | 36.59% |
| 2014 | 36.90% | 36.14% | 34.73% |
| 2013 | 36.50% | 35.49% | 36.44% |
| 2012 | 36.09% | 35.97% | 36.10% |
| 2011 | 35.42% | 35.62% | 34.64% |
| 2010 | 34.65% | 34.06% | 32.49% |
| 2009 | 34.13% | 32.99% | 31.54% |
| 2007 | 32.80% | 31.17% | 26.74% |
| 2005 | 33.10% | 32.18% | 32.09% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
