Colorado housing market
Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$529,013−1.3% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 25% have cut their price
Income needed to buy, per year$114,679About 1.2× the local median income ($96,871): a stretch for a typical household
Days on market72 daysAbout the same pace as a year ago
Next 12 months−0.1%Zillow expects prices to stay about flat
The typical home in Colorado is worth $529,013, down 1.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $508,883, so the area is 4.0% overvalued. It is a buyer's market: homes take about 72 days to sell, listings are up 11% from a year ago, 25% of listings have had a price cut. Zillow expects prices to fall about 0.1% over the next year. A household needs about $114,679 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 $96,871. In the latest IRS figures, 6,891 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 | $529,013 |
| Change in 1 year | −1.3% |
| Overvalued % | +4.0% |
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| Fair home value | $508,883 |
| Change in 5 years | +6.2% |
| Zillow forecast, next 12 months | −0.1% |
| Home value to income | 5.5× |
| Monthly mortgage payment (20% down) | $2,867 |
| Income needed to afford it | $114,679 |
| Property tax rate | 0.48% |
Rent and investing
| HUD Fair Market Rent, 2 bedrooms | $1,916 |
Market activity
| Listings vs a year ago | +11.0% |
| Days on market | 72 |
| Listings with a price cut | 24.6% |
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| Homes for sale | 33,105 |
| Pending sales per 100 listings | 22 |
| Asking price per sq ft | $278 |
People and jobs
| Median household income | $96,871 |
| Population change (1 year) | +0.4% |
| Unemployment rate | 4.6% |
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| Population | 6,012,561 |
| Income adjusted for cost of living | $93,958 |
| Net moves in (IRS) | +6,891 |
| Cost of living (US = 100) | 103.1 |
Schools, risk and environment
| FEMA hazard risk score (0 to 100) | 85.0 |
| Unhealthy air days a year | 4 |
| Flood risk score | 85.5 |
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| Wildfire risk score | 86.8 |
| Walkability (1 to 20) | 10.4 |
| Road, rail and air noise | 53 dB |
Questions people ask
- Is Colorado overvalued?
- Home prices in Colorado are slightly above what local incomes have historically supported: fair value is about $508,883, so the area is 4.0% overvalued.
- Is Colorado a buyer's or seller's market?
- Colorado is a buyer's market: homes take about 72 days to sell, listings are up 11% from a year ago, 25% of listings have had a price cut.
- Are home prices going down in Colorado?
- Home values in Colorado are down 1.3% over the last year. Zillow's forecast for the next 12 months is −0.1%.
- How much do you need to earn to buy a home in Colorado?
- A household needs about $114,679 a year to afford the typical home in Colorado at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $96,871.
Metro areas
Denver-Aurora-Centennial, COColorado Springs, COGreeley, COFort Collins-Loveland, COBoulder, COPueblo, COGrand Junction, CO
Counties
Adams CountyAlamosa CountyArapahoe CountyArchuleta CountyBaca CountyBent CountyBoulder CountyBroomfield CountyChaffee CountyCheyenne CountyClear Creek CountyConejos CountyCostilla CountyCrowley CountyCuster CountyDelta CountyDenver CountyDolores CountyDouglas CountyEagle CountyEl Paso CountyElbert CountyFremont CountyGarfield CountyGilpin CountyGrand CountyGunnison CountyHinsdale CountyHuerfano CountyJackson CountyJefferson CountyKiowa CountyKit Carson CountyLa Plata CountyLake CountyLarimer CountyLas Animas CountyLincoln CountyLogan CountyMesa CountyMineral CountyMoffat CountyMontezuma CountyMontrose CountyMorgan CountyOtero CountyOuray CountyPark CountyPhillips CountyPitkin CountyProwers CountyPueblo CountyRio Blanco CountyRio Grande CountyRoutt CountySaguache CountySan Juan CountySan Miguel CountySedgwick CountySummit CountyTeller CountyWashington CountyWeld CountyYuma County