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Garfield County, CO

RANK #42 / 996  ·  POP 61,683  ·  CO

PROJECTED GROWTH: +3.5%

Garfield County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Garfield County?

Glenwood Springs, the county seat of Garfield County, Colorado, is known for its natural hot springs, which have attracted visitors for over a century. Located in western Colorado at the confluence of the Roaring Fork and Colorado Rivers, the county is approximately 160 miles west of Denver. Interstate 70 runs through the picturesque Glenwood Canyon, providing access to the area. The community offers a mountain lifestyle with extensive outdoor recreation, including hiking, biking, fishing, kayaking, and skiing, with access to the White River National Forest and Sunlight Mountain Resort.

Life in Garfield County balances outdoor pursuits with community amenities. Public schools in the Garfield School District RE-2 and Garfield School District 16 serve local families. Commute options include the Roaring Fork Transportation Authority (RFTA) bus service, connecting Rifle to Aspen, and Bustang service to Denver. The economy is supported by tourism, natural resource development, and agriculture. Construction and healthcare have seen recent job gains. The county's appeal extends to retirees drawn by the climate, recreation, and open spaces.

[02] Market Snapshot

Housing Ratio
7.2x

Overvalued relative to economy

GDP Growth
+1.4%

Below national median

Home Prices
+5.2%

Outpacing national median

Climate & Terrain
3.8

Favorable climate & terrain

Price/Rent
15x

Above national median (13x)

Housing looks overvalued at 7.2x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Garfield County U.S. National

The Numbers

DEMOGRAPHICS
Population
61,683
+0.75% YoY
Median Household Income
$82,772
Median Home Value
$449,300
+5.18% 12mo
Median Rent
$1,444
Average Annual Pay
$64,549
+2.0% YoY
Employment
27,766
+2.9% YoY
Income-to-Home-Value
0.1842
Near national average
Migration Inflow
4.21%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$612,500
Days on Market
94
Slower market
Months of Supply
5.5
Buyer's market
Sale-to-List Ratio
96.7%
Negotiation room for buyers
Sold Above List
13.6%
Listings w/ Price Drops
21.4%
Building Permits (2024)
174
Single-Family Permits
108

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$82M
TOTAL
PROJECT AMOUNT STATUS
McClure River Ranch PUD
Aspen Polo Partners LLC
$50M Planned
AES High Mesa Solar + Battery Storage
AES High Mesa Solar (AES Clean Energy)
$32M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.4% 23 percentile
Population Growth +0.8% 63 percentile
Income Growth +7.2% 20 percentile
Vacancy Rate 1.3% 31 percentile
Home Price Change +5.2% 91 percentile
Rent Growth +1.9% 32 percentile
Price/Rent 15x 36 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Garfield County, CO a good place to move to?

Garfield County has a Boom Town Index score of 96/100, ranking #42 among 996 U.S. counties. With job growth at +2.9% and a median household income of $82,772, it's an above-average county on economic indicators.

Is Garfield County affordable?

The median home value in Garfield County is $449,300 with median rent at $1,444/month. The income-to-home-value ratio is 0.1842, which is less affordable than the national average.

Is Garfield County growing or shrinking?

Population growth: +0.8% year-over-year. Job growth: +2.9%. Home values changed +5.2% in the past 12 months.

Are people moving to Garfield County?

Yes — 4.21% of Garfield County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Winnebago County, IL 100 Madison County, NY 100 Oswego County, NY 100 Valencia County, NM 100 Taylor County, TX 100 Allen County, OH 100 Newton County, MO 99 Dodge County, WI 99