81431 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Montrose County
Centroid: Latitude 38.19, Longitude -108.426
Time Zone: Mountain Time Zone (UTC -7 hours)
Observes DST: Yes

ZIP Code 81431 has segments in 3 Counties (Dolores, Montrose, San Miguel).

Businesses Addresses: 12
PO Box Addresses: 140
Residential Addresses: 24

Multi-Family Addresses: 0
Single Family Addresses: 24

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: January 29, 2021.

Redvale, CO 81431 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	671 (100%)
Population in Households	671 (100.0%)
Population in Families	550 (82.0%)
Population in Group Quarters¹	0
Population Density	3
Diversity Index²	12


INCOME
Median Household Income	$53,271
Average Household Income	$67,330
% of Income for Mortgage⁴	25%
Per Capita Income	$29,501
Wealth Index⁵	64

HOUSING
Total HU (Housing Units)	416 (100%)
Owner Occupied HU	222 (53.4%)
Renter Occupied HU	72 (17.3%)
Vacant Housing Units	122 (29.3%)
Median Home Value	$311,765
Average Home Value	$486,937
Housing Affordability Index³	112

HOUSEHOLDS
Total Households	294
Average Household Size	2.28
Family Households	200
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Redvale, CO 81431 - Peer Comparisons by Rank and Percentile

The table below compares 81431 to the other 514 ZIP Codes in Colorado by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.66%	0.71%
Households	0.8%	0.8%
Families	0.66%	0.69%
Median Household Income		1.0%
Per Capita Income		1.92%
Owner Occupied HU		0.62%

Variable Description	Rank	Percentile
Total Population	# 379	26th
Population Density	# 392	25th
Median Household Income	# 352	32nd
Housing Affordability Index	# 185	36th
Per Capita Income	# 328	36th
Diversity Index	# 500	3rd

Redvale, CO 81431 ZIP Code Profile

ZIP Code 81431: Basic Data & USPS Preferred City Name

Redvale, CO 81431 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Redvale, CO 81431 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 81431

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