Simla, CO
Full City Profile · Colorado · Elbert County County
2.6
/5.0
C+
Fair
576
Population
886/sq mi density
$210,300
Home Value
$334,561 Zillow
$1,141
Median Rent
36.4% income on rent
48°F
Avg Temperature
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Education
2.6 / 5.0
19.9% bachelor's degree or higher
Housing Overview
Median Home Value
$210,300
25% below
US avg: $281,900
Median Rent
$1,141/mo
2% below
US avg: $1,163/mo
Homeownership Rate
63.3%
3% below US avg (65.4%)
Total Housing Units
286
Median year built: 1950
Home Value by Source
Census Median
$210,300
Zillow (ZHVI)
$334,561
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
63.3%
Owner-Occupied
36.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,083/mo
1 Bedroom
$1,161/mo
2 Bedroom
$1,429/mo
3 Bedroom
$1,861/mo
4 Bedroom
$2,178/mo
Census median rent:
$1,141/mo
Affordability & Housing Stock
Rent Burden
36.4%
of renters spending 30%+ of income on housing
17% above US avg (31.0%)
Median Year Built
1950
Average age of housing stock: 76 years
Homeownership Rate
63.3%
Complete Housing Data
Home Values
| Census Median Value | $210,300 |
| Zillow Home Value (ZHVI) | $334,561 |
Rent
| Census Median Rent | $1,141 |
| FMR Studio | $1,083 |
| FMR 1-Bedroom | $1,161 |
| FMR 2-Bedroom | $1,429 |
| FMR 3-Bedroom | $1,861 |
| FMR 4-Bedroom | $2,178 |
Market
Ownership & Stock
| Owner-Occupied | 63.3% |
| Renter-Occupied | 36.7% |
| Homeownership Rate | 63.3% |
| Total Housing Units | 286 |
| Median Year Built | 1950 |
| Rent Burden | 36.4% |