Lower values represent
greater housing
affordability, and
Routt county ranks
fifth among the Core Counties, with a 6.5 ratio of median income to
median housing price.

 

Source: Housing and Urban Development, 2005 / Real Estate data from MLS county sales of
homes/condos, 2005

 

 

 

 

 

The Team has identified six categories to quantify and track in order to continue to foster a healthy economy:

Gross County Product (GCP),

Income Diversity by Industry

Employment Diversity by Industry

Housing Affordability

Construction Industry Values

Value of Agriculture Production.

 


Housing Affordability

housing affordability

Routt County Ranks 5th

4. Housing Affordability (weight: 10%)
What is the affordability of housing relative to income per capita in the community?
Basis: Every community must have the ability to house its workforce, therefore the relationship between household incomes and housing prices reflect the ability for the average wage earner to afford a home.