Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$675,289−2.0% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 27% have cut their price
Income needed to buy, per year$146,389About 1.1× the local median income ($128,776): a stretch for a typical household
Days on market79 daysAbout the same pace as a year ago
Next 12 months−0.2%Zillow expects prices to stay about flat
The typical home in Elbert County, CO is worth $675,289, down 2.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $617,085, so the area is 9.4% overvalued. It is a buyer's market: homes take about 79 days to sell, listings are up 9% from a year ago, 27% of listings have had a price cut. Zillow expects prices to fall about 0.2% over the next year. A household needs about $146,389 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 $128,776. Typical rent is $3,132 a month, or $4,831 for a house. In the latest IRS figures, 726 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
$675,289
Change in 1 year
−2.0%
Overvalued %
+9.4%
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Fair home value
$617,085
Change in 5 years
+5.4%
Zillow forecast, next 12 months
−0.2%
Home value to income
5.2×
Monthly mortgage payment (20% down)
$3,660
Income needed to afford it
$146,389
Property tax rate
0.45%
Rent and investing
Typical rent
$3,132
Typical rent for houses
$4,831
Price-to-rent ratio
18.0×
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HUD Fair Market Rent, 2 bedrooms
$2,169
Gross rental yield
5.57%
Cap rate (estimate)
3.62%
Market activity
Listings vs a year ago
+9.0%
Days on market
79
Listings with a price cut
27.1%
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Homes for sale
219
Pending sales per 100 listings
22
Asking price per sq ft
$252
People and jobs
Median household income
$128,776
Population change (1 year)
+4.1%
Unemployment rate
3.4%
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Population
30,534
Income adjusted for cost of living
$121,716
Net moves in (IRS)
+726
Cost of living (US = 100)
105.8
Schools, risk and environment
School rating (1 to 10)
6.2
FEMA hazard risk score (0 to 100)
36.6
Flood risk score
29.9
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Wildfire risk score
95.1
Walkability (1 to 20)
4.8
Road, rail and air noise
54 dB
Questions people ask
Is Elbert County, CO overvalued?
Home prices in Elbert County, CO are slightly above what local incomes have historically supported: fair value is about $617,085, so the area is 9.4% overvalued.
Is Elbert County, CO a buyer's or seller's market?
Elbert County, CO is a buyer's market: homes take about 79 days to sell, listings are up 9% from a year ago, 27% of listings have had a price cut.
Are home prices going down in Elbert County, CO?
Home values in Elbert County, CO are down 2.0% over the last year. Zillow's forecast for the next 12 months is −0.2%.
How much do you need to earn to buy a home in Elbert County, CO?
A household needs about $146,389 a year to afford the typical home in Elbert County, CO at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $128,776.