Department of Numbers

Pueblo Colorado Residential Rent and Rental Statistics

The median monthly gross residential rent in Pueblo, CO (the Pueblo metro area) was $752 in 2015 according to the Census ACS survey.1 Average gross rent in Pueblo was $754 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Pueblo median and average rent data will be released in September of 2017.

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.

Show dollars as: Nominal Real

Real Gross Rent in Pueblo Colorado (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Colorado Median Gross Rent $1,111 +9.46% +18.57%
Pueblo, CO Median Gross Rent $752 +0.80% -0.66%

Pueblo, CO Real Gross Rent Trends

Median gross rent for Pueblo peaked in real terms in 2011 at $766 and is now $14 (1.83%) lower. Average gross rent for Pueblo peaked in real terms in 2012 at $760 and is now $6 (0.79%) lower.

Real Gross Rent in Pueblo: Pueblo CO Median, Pueblo CO Average, Colorado Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Pueblo

Date US
Median
Colorado
Median
Pueblo, CO
Median
Pueblo, CO
Average
2015 $959 $1,111 $752 $754
2014 $930 $1,015 $746 $728
2013 $898 $964 $749 $758
2012 $886 $937 $757 $760
2011 $887 $916 $766 $736
2010 $901 $909 $676 $663
2009 $905 $914 $710 $718
2008 $920 $947 $735 $753
2007 $874 $873 $661 $673
2006 $883 $903 $735 $703
2005 $858 $892 $674 $676

Pueblo Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Pueblo Colorado was 4.75% according to Census ACS data.

Rental Vacancy Rate in Pueblo Colorado

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Colorado 4.47% -0.38% -1.22%
Pueblo, CO 4.75% -1.84% +0.03%

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 8.17% to 4.75%. Data records for this series originated in 2005. From a 2012 post peak low of 4.72%, the rental vacancy rate has increased by 0.03%.

Rental Vacancy Rate: Pueblo CO, Colorado, US

Rental vacancy rate in Colorado

Historical Rental Vacancy Rate data for Pueblo

Date US Colorado Pueblo, CO
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%
2008 7.86% 7.45% 12.02%
2007 7.87% 8.63% 8.60%
2006 7.70% 8.36% 11.18%
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 22.53% in 2015 according to the ACS.

Pueblo Colorado Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Colorado 20.86% +0.89% +1.12%
Pueblo, CO 22.53% +0.61% +0.57%

Trends in Pueblo, CO Rent as a Fraction of Income

Pueblo renters paid 22.53% of median household income towards the median monthly gross rent in 2015. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Pueblo CO, Colorado, US

Percent of median household income going towards median monthly gross rent in Pueblo Colorado

Historical Data for Annual Rent as a Fraction of Income in Pueblo Colorado

Date US Colorado Pueblo, CO
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%
2008 19.00% 17.85% 18.52%
2007 18.66% 17.13% 17.24%
2006 18.90% 17.99% 20.69%
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 2015 36.59% of households were renters according to Census ACS data.

Pueblo Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Colorado 36.25% +0.11% +0.28%
Pueblo, CO 36.59% +1.86% +0.49%

Trends in the Pueblo, CO Renter Fraction

At 36.59%, the 2015 household based renter fraction in Pueblo was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Pueblo CO, Colorado, US

Fraction of renters in Pueblo

History of Pueblo Renter Fraction

Date US Colorado Pueblo, CO
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%
2008 33.36% 32.51% 32.68%
2007 32.80% 31.17% 26.74%
2006 32.73% 31.27% 31.63%
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.