Gerrard, CO
Population 359 · Colorado
About Gerrard, CO
Gerrard is a small community located in Colorado with a population of 359 residents according to the latest US Census Bureau American Community Survey data. The median household income is $90,284 per year, which is 20% above the national median of $75,149. The median age of 38.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Gerrard features a median home value of $281,700, which is 15% above the national median of $244,900. This positions Gerrard in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 186 total housing units, 82% are owner-occupied (101 units) and 18% are renter-occupied (22 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Gerrard shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Gerrard have an average one-way commute time of 57.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
54.7% of Gerrard residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Gerrard, CO
Compared to national averages, Gerrard has a median household income of $90,284 (20% above the national median of $75,149). Home values average $281,700, which is 15% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Colorado, Gerrard's income is 2% above the state average of $88,514, and home values are 38% below the state median of $457,127.
Why Live in Gerrard, CO?
Gerrard offers a strong local economy with a median household income of $90,284, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 54.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.1%, better than the national average.
Gerrard has a population of 359 with a median age of 38.8 years. Compare Gerrard with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Gerrard
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Eldorado Springs | 355 | $127,742 | $833,300 | Compare |
| Eckley | 353 | $53,125 | $111,300 | Compare |
| Echo Hills | 368 | $220,306 | $765,200 | Compare |
| Romeo | 368 | $42,188 | $112,500 | Compare |
| Lewis | 349 | $0 | $373,100 | Compare |
| Red Feather Lakes | 347 | $133,444 | $359,600 | Compare |
| Tall Timber | 376 | $198,018 | $1,171,900 | Compare |
| Yampa | 342 | $68,750 | $317,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Gerrard
What is the population of Gerrard, CO?
The population of Gerrard, CO is 359 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Colorado.
What is the median household income in Gerrard?
The median household income in Gerrard, CO is $90,284 per year, which is 20% above the national median of $75,149.
What is the median home value in Gerrard?
The median home value in Gerrard, CO is $281,700, which is 15% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gerrard?
The median monthly rent in Gerrard, CO is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Gerrard?
The unemployment rate in Gerrard, CO is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Gerrard, CO a good place to live?
Gerrard offers above-average incomes, a competitive housing market, and a strong job market. With a population of 359 and a median age of 38.8, the city appeals to a broad range of residents.
How educated is Gerrard, CO?
54.7% of residents in Gerrard aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Gerrard?
Key cost-of-living indicators for Gerrard, CO: median home value is $281,700 (15% above national), median rent is $0/month, and median household income is $90,284. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gerrard?
The poverty rate in Gerrard, CO is 6.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Gerrard, CO?
Gerrard's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.