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La Plata County, CO

RANK #645 / 996  ·  POP 55,983  ·  CO

PROJECTED GROWTH: +0.2%

La Plata County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why La Plata County?

The Durango & Silverton Narrow Gauge Railroad, a National Historic Landmark, is a prominent feature of La Plata County, Colorado, drawing visitors with its historic steam locomotives and scenic route through the San Juan Mountains. Located in Southwest Colorado, La Plata County's largest town, Durango, is approximately 330 miles southwest of Denver. The community offers a blend of historic charm and outdoor adventure, with the Animas River flowing through Durango and the La Plata Mountains providing a backdrop. Commuting within the county is primarily by car, though Durango offers local bus services and a trolley along Main Avenue. The county is a hub for outdoor recreation, boasting over 300 miles of trails for hiking and mountain biking, gold medal trout fishing, and access to the San Juan National Forest and Purgatory Resort for skiing.

Life in La Plata County is characterized by a focus on outdoor living and a strong sense of community. The area attracts a mix of families, remote workers, and retirees drawn to the lifestyle and natural amenities. The economy is diversified, with key sectors including outdoor recreation, healthcare, education, energy, and professional services. Fort Lewis College, recognized for affordability and small class sizes, is a notable educational institution. Recent economic developments include the allocation of American Rescue Plan Act (ARPA) funds towards housing initiatives, broadband expansion, and addressing social impacts. The La Plata Economic Development Alliance actively works to promote economic well-being and quality of life in the community.

[02] Market Snapshot

Housing Ratio
8.5x

Overvalued relative to economy

GDP Growth
+1.6%

Below national median

Home Prices
+1.2%

Below national median

Climate & Terrain
5.8

Favorable climate & terrain

Price/Rent
21x

Prices detached from rents

Housing looks overvalued at 8.5x — 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

La Plata County U.S. National

The Numbers

DEMOGRAPHICS
Population
55,983
+0.56% YoY
Median Household Income
$81,936
Median Home Value
$497,800
+1.24% 12mo
Median Rent
$1,344
Average Annual Pay
$61,965
+4.0% YoY
Employment
26,983
+0.8% YoY
Income-to-Home-Value
0.1646
Less affordable than average
Migration Inflow
2.41%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$665,000
Days on Market
84
Slower market
Months of Supply
6.2
Buyer's market
Sale-to-List Ratio
97.2%
Negotiation room for buyers
Sold Above List
9.8%
Listings w/ Price Drops
25.0%
Building Permits (2024)
208
Single-Family Permits
173

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

[06] Score Breakdown

GDP Growth +1.6% 27 percentile
Population Growth +0.6% 55 percentile
Income Growth +9.1% 66 percentile
Vacancy Rate 1.7% 16 percentile
Home Price Change +1.2% 49 percentile
Rent Growth +1.0% 20 percentile
Price/Rent 21x 7 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is La Plata County, CO a good place to move to?

La Plata County has a Boom Town Index score of 35/100, ranking #645 among 996 U.S. counties. With job growth at +0.8% and a median household income of $81,936, it faces some economic headwinds compared to faster-growing counties.

Is La Plata County affordable?

The median home value in La Plata County is $497,800 with median rent at $1,344/month. The income-to-home-value ratio is 0.1646, which is less affordable than the national average.

Is La Plata County growing or shrinking?

Population growth: +0.6% year-over-year. Job growth: +0.8%. Home values changed +1.2% in the past 12 months.

Are people moving to La Plata County?

Yes — 2.41% of La Plata County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Richland County, SC 45 Norfolk County, MA 45 Hall County, NE 45 Columbia County, PA 45 Yakima County, WA 45 Mercer County, WV 45 Bonneville County, ID 45 Madison County, KY 45