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Rangely

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

Median Home$199,300
Median Rent$765/month
Population2,394
Leading IndustriesManufacturing · Information & Media · Agriculture & Mining12% manufacturing
Home Value Growth+10.3% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners78% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Rangely
CO

Frequently Asked Questions

What are today's mortgage rates in Rangely?

As of today, the 30-year fixed mortgage rate for Rangely is approximately 6.999% (7.042% 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 Rangely?

The median home value in Rangely is $199k. The median monthly rent is $765. Annual property taxes average $874. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rangely?

Home values in Rangely have increased 10.3% 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 Rangely?

Based on a typical all-in ownership cost of $761/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rangely is $72k/year.

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What industries drive the economy in Rangely?

The largest employment sectors in Rangely are public administration (26%) and agriculture and mining (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.