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Durango

Learn about the people, housing, costs and businesses in Durango, Colorado

Median Home$691,708
Median Rent$1,586/month
Population19,283
Leading IndustriesEducation · Manufacturing · Arts, Food & Hospitality3% education
Home Value Growth⬆⬆+11.3% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners54% of occupied units
NotableHighly Educated37% bachelor's · 15% graduate · top 2% nationally
NotableAmenity Score73/100 · highly walkable area
Durango
CO

Frequently Asked Questions

What are today's mortgage rates in Durango?

As of today, the 30-year fixed mortgage rate for Durango is approximately 6.823% (6.856% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Durango?

The median home value in Durango is $692k. The median monthly rent is $1,586. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Durango?

Home values in Durango have increased 11.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Durango?

Based on a typical all-in ownership cost of $1,587/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Durango is $80k/year.

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What industries drive the economy in Durango?

The largest employment sectors in Durango are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.