Pueblo, CO
The numbers that matter most
What an investor checks first when sizing up a new metro — affordability ratio, rent vs income, cap rate proxy, and where the market is moving. Each metric shown vs. state and national medians for instant context.
moderate
Price to income
4.37×
The single most-cited 'is this market still cheap' check. Below 3× and you're in an affordability tailwind.
- vs Colorado
- 4.95×-0.58
- vs U.S.
- 3.43×
Benchmark
ACS median home value ÷ median HHI
comfortable
Rent to income
24.5%
What share of a typical household's income goes to rent. Below 30% means tenants can absorb modest rent increases.
- vs Colorado
- 23.9%
- vs U.S.
- 23.3%
Benchmark
(HUD FMR 2BR × 12) ÷ median HHI
tight
Cap rate proxy
3.64%
Rough first-pass yield assuming a 35% expense ratio. Not an underwriting number — a 'is this even worth modeling' filter.
- vs Colorado
- 2.79%+0.85
- vs U.S.
- 4.35%
Benchmark
(FMR 2BR × 12 × 0.65) ÷ ACS median home value
steady
Net migration
+0.27%
Forward-looking demand signal. Positive net migration drives rent growth and absorbs new supply.
- vs Colorado
- 0.21%+0.05
- vs U.S.
- 0.03%+0.24
Benchmark
IRS net migration ÷ population
tight
Permit pipeline
1.28
permits per 1,000 residents
Forward-supply indicator. Above ~5 means the metro is building meaningfully relative to its size; below 2 means supply is tight.
- vs Colorado
- 5.40
- vs U.S.
- 3.52
Benchmark
Census BPS permits TTM ÷ population × 1,000
softening
Unemployment
5.3%
Tighter unemployment means higher wages, more rental demand, lower vacancy.
- vs Colorado
- 3.6%
- vs U.S.
- 3.9%
Benchmark
BLS LAUS, latest month
Where prices are and where they've been
5-year price appreciation
+38.6%
homeValues.yearOverYear
+0.5%
Median home value
$271,800
The rent ladder
| Bedroom | Monthly | Annual | % of median HHI |
|---|---|---|---|
| 1 BR | $967 | $11,604 | 18.6% |
| 2 BR | $1,269 | $15,228 | 24.5% |
| 3 BR | $1,617 | $19,404 | 31.2% |
Labor market direction
Unemployment
5.3%
Median household income
$62,250
What's being built
Total TTM
216
+1.9% YoY
Single-family
216
2–4 unit
0
5+ unit
0
All 1 counties, ranked by population
| County | Population | Home value | Median HHI | Permits TTM | YoY |
|---|---|---|---|---|---|
| Pueblo County | 168,135 | $271,800 | $62,250 | 216 | +1.9% |
Similar metros nationally
| Metro | Pop | Med HHI | P/I | Cap proxy | HPI 5y | Permits/1k | Unemp |
|---|---|---|---|---|---|---|---|
| ★Pueblo | 168,135 | $62,250 | 4.37× | 3.64% | +38.6% | 1.28 | 5.3% |
| Blacksburg-Christiansburg, VA | 166,304 | $64,627 | — | — | +52.3% | — | 3.5% |
| Burlington, NC | 171,779 | $64,445 | — | — | +64.1% | — | 3.4% |
| Bloomington, IN | 161,426 | $62,949 | — | — | +48.5% | — | 2.4% |
| Muskegon, MI | 175,947 | $63,495 | — | — | +70.0% | — | 5.1% |
| Hattiesburg, MS | 172,176 | $59,008 | — | — | +50.6% | — | 2.8% |
Where people are moving in from
Net migration
+449
+0.27% of population
| Origin county | Tax returns |
|---|---|
| El Paso County, CO | 972 |
| Fremont County, CO | 154 |
| Arapahoe County, CO | 147 |
| Denver County, CO | 143 |
| Jefferson County, CO | 120 |
| Adams County, CO | 106 |
Who lives in Pueblo
- Median age
- 40
- Bachelor's+
- 25.0%
- Owner-occupancy
- 68.3%
- Vacancy rate
- 7.1%
- Rent burdened (30%+)
- 49.0%
- Median household income
- $62,250
This page shows federally sourced data. A full editorial analysis with charts and investment commentary is in progress.