Counties / Colorado / Delta County

Delta County, CO

FIPS 08029 · population 31,598 · outside every metro area

$416k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$416k
▲ 2.5% year over year
Zillow ZHVI · direct
Median asking rent
$1,655
n/a year over year
Zillow ZORI · direct
Gross yield
4.8%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,114
market rent is 1.49x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

The annual signals disagree
FHFA five-year cumulative+57.1%not annualized · through 2025
0%ZILLOW ZHVI2026-06+2.5%FHFA HPI2025−0.6%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$343k
Surveyed gross rent$1,121
Rent burden 30%+57.4%
Median year built1979
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
13.8%vacant
15,025estimated housing units
Occupied tenure22.1% renter
owner 77.9%renter 22.1%
Structure mix79.9% single-family
Single-family 79.9%20+ units 2.1%Mobile home 12.5%Other 5.5%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs8,799▼ 2.2% from the prior annual release
Covered establishments1,031annual average reporting locations
Average weekly wage$960▲ 4.3% from the prior annual release
Largest private supersectorTrade, transportation, and utilities25.0% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−2.2%WEEKLY WAGE+4.3%Trade, transportation, and utilities25.0%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Delta County’s decision tension is an income screen that must withstand conflicting price evidence. Zillow’s 2026-06 county median home value was $416,361, up 2.47%, while FHFA’s 2025 repeat-transaction HPI—an appreciation index, not a home value—fell 0.61%. These are different methods and periods and cannot be combined into a growth rate. Buyers relying on resale stability should validate closed-sale comps; buyers focused on income should verify leases.

02Housing economics

Published median asking rent is $1,655 per month, producing the supplied 4.77% gross yield before costs. It is measured market rent. HUD’s two-bedroom FMR of $1,114 is a payment standard, not an asking-rent estimate, and cannot replace market rent in a yield calculation. The effective property-tax rate is 0.31%, a carrying-cost claim against gross income. Insurance, maintenance, vacancy, financing, and parcel-level tax bills are not published, preventing net-yield calculation.

03Demand & competition

Realtor.com MLS listing-market evidence calls for negotiation review rather than a conclusion about sales: median marketing time was 66 days and 18.41% of listings had a price reduction; these report marketing time and seller concessions, not closed-sale prices or buyer demand by themselves. In the supplied 2025 annual QCEW period, covered workplace employment fell 2.20%, not a resident-employment measure or forecast. Tax-return migration was positive by 192 households, and incoming movers had higher average AGI than outgoing movers. Investor participation was 3.13% of purchases, so this measure shows limited investor buyer participation.

04Risk & next checks

Modeled climate loss is 0.21% of building value per year and inland flood is the named dominant hazard; this is county-level expected loss, not an address-level damage estimate. Flood zone, elevation, insurance quotes and deductibles, condition, achieved rents, lease renewals, vacancy, repairs, financing, and closed-sale comps are not published. Those gaps prevent property-level net-cash-flow, insurability, valuation, and exit-liquidity conclusions. Next checks are an address flood-and-insurance review, rent-roll verification, and closed-sale plus operating-cost review.

Cities & communities

Where people live within Delta County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Delta city9.4KOrchard City town3.2KCedaredge town2.4KPaonia town1.7KHotchkiss town1.2KCrawford town448Lazear CDP196
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

7 Census places

Population
  1. 01
    Delta cityIncorporated place
    9,421
  2. 02
    Orchard City townIncorporated place
    3,221
  3. 03
    Cedaredge townIncorporated place
    2,398
  4. 04
    Paonia townIncorporated place
    1,661
  5. 05
    Hotchkiss townIncorporated place
    1,224
  6. 06
    Crawford townIncorporated place
    448
  7. 07
    Lazear CDPCensus-designated place
    196

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.208% of building value expected lost per year

Effective property tax0.31%

$1,068 median annual bill

02
DemandIRS SOI household flows
Net migration+192

1,010 in · 818 out

Arriving vs leaving income+$8,185

$62,165 arriving · $53,980 leaving

03
CompetitionHMDA financed purchases
Purchases by investors3.1%

12 of 384 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings244▲ 10.4% year over year
Median days on market66▲ 8.6% year over year
Listings price-reduced18.4%seller-concession signal
Median listing pricen/a▼ 2.7% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Bear case

What can break the county thesis

  1. Address-level flood exposure, insurance pricing, or deductible terms could differ materially from the county-level modeled hazard loss.
  2. Unpublished vacancy, maintenance, financing, and property-specific tax costs could reduce gross yield materially at the asset level.
  3. MLS price reductions and marketing time may not translate into comparable closed-sale pricing or exit liquidity.
Underwriting questions

Before pricing a property

Does the HUD two-bedroom FMR measure local asking rent?

No. It is a payment standard; published market asking rent is a separate measure.

What gross yield is supplied before costs?

The supplied gross yield is 4.77% before costs.

What share of purchases involved investors?

Investor participation was 3.13% of purchases.