Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$445,559−1.4% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 30% have cut their price
Income needed to buy, per year$96,588About 1.1× the local median income ($90,778): a stretch for a typical household
Days on market70 daysSlower than a year ago: buyers have time to negotiate
Next 12 months−0.5%Zillow expects prices to stay about flat
The typical home in El Paso County, CO is worth $445,559, down 1.4% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $432,121, so the area is 3.1% overvalued. It is a buyer's market: homes take about 70 days to sell, listings are up 11% from a year ago, 30% of listings have had a price cut. Zillow expects prices to fall about 0.5% over the next year. A household needs about $96,588 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $90,778. Typical rent is $1,761 a month, or $2,321 for a house. In the latest IRS figures, 408 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$445,559
Change in 1 year
−1.4%
Overvalued %
+3.1%
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Fair home value
$432,121
Change in 5 years
+3.6%
Zillow forecast, next 12 months
−0.5%
Home value to income
4.9×
Monthly mortgage payment (20% down)
$2,415
Income needed to afford it
$96,588
Property tax rate
0.41%
Rent and investing
Typical rent
$1,761
Typical rent for houses
$2,321
Price-to-rent ratio
21.1×
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HUD Fair Market Rent, 2 bedrooms
$1,621
Gross rental yield
4.74%
Cap rate (estimate)
3.08%
Market activity
Listings vs a year ago
+11.3%
Days on market
70
Listings with a price cut
29.7%
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Homes for sale
3,806
Pending sales per 100 listings
27
Asking price per sq ft
$226
People and jobs
Median household income
$90,778
Population change (1 year)
+0.6%
Unemployment rate
5.4%
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Population
757,040
Income adjusted for cost of living
$90,147
Net moves in (IRS)
+408
Cost of living (US = 100)
100.7
Schools, risk and environment
School rating (1 to 10)
6.2
FEMA hazard risk score (0 to 100)
94.1
Unhealthy air days a year
0
Show 4 more
Flood risk score
95.0
Wildfire risk score
99.3
Walkability (1 to 20)
10.3
Road, rail and air noise
53 dB
Questions people ask
Is El Paso County, CO overvalued?
Home prices in El Paso County, CO are slightly above what local incomes have historically supported: fair value is about $432,121, so the area is 3.1% overvalued.
Is El Paso County, CO a buyer's or seller's market?
El Paso County, CO is a buyer's market: homes take about 70 days to sell, listings are up 11% from a year ago, 30% of listings have had a price cut.
Are home prices going down in El Paso County, CO?
Home values in El Paso County, CO are down 1.4% over the last year. Zillow's forecast for the next 12 months is −0.5%.
How much do you need to earn to buy a home in El Paso County, CO?
A household needs about $96,588 a year to afford the typical home in El Paso County, CO at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $90,778.