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Rico

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

Median Home$247,600
Median Rent$986/month
Population301
Leading IndustriesPublic Administration · Education29% public administration
Young Adults36% of residentstop 5% nationally
Homeowners81% of occupied units
Rico
CO

Frequently Asked Questions

What are today's mortgage rates in Rico?

As of today, the 30-year fixed mortgage rate for Rico is approximately 6.962% (7.000% 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 Rico?

The median home value in Rico is $248k. The median monthly rent is $986. Annual property taxes average $659. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $606/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rico is $65k/year.

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What industries drive the economy in Rico?

The largest employment sectors in Rico are public administration (29%) and healthcare (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.