US housing market report · September 2026
The state of the Colorado housing market.
Median home value and city-by-city trends across Colorado, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.
Colorado median value
$494K
Zillow ZHVI, September 2026
Cities covered
23
with published pages
Report video
Monthly
per city, on each hub
The outlook
Colorado housing market forecast 2027
+0.6%
Weighted average of Zillow's ZIP forecasts, 12 months to September 2027
A weighted average of Zillow's ZIP forecasts, across 324 Colorado ZIP codes, points to typical home values rising 0.6% by September 2027.
Over the 12 months through September 2026, typical home values in Colorado fell 0.6%, per the Zillow Home Value Index.
Will home prices drop in Colorado?
The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Colorado shows typical home values rising 0.6% by September 2027, after a 0.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.
How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 324 Colorado ZIP codes have both figures.
Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.
Metro areas
Which Colorado metro areas does Zillow expect to rise or fall?
Zillow's 12-month home value forecast for each metro area whose principal city is in Colorado, through September 2027, largest first.
- 1Denver, CO-0.2%
- 2Colorado Springs, CO-0.5%
- 3Fort Collins, CO+0.6%
- 4Boulder, CO+0.8%
- 5Greeley, CO-0.5%
- 6Pueblo, CO-0.9%
- 7Grand Junction, CO+1.7%
- 8Glenwood Springs, CO+2.1%
- 9Edwards, CO+2.2%
- 10Durango, CO+1.2%
- 11Cañon City, CO+1.6%
- 12Montrose, CO+2.7%
- 13Breckenridge, CO+1.5%
- 14Fort Morgan, CO-0.3%
- 15Steamboat Springs, CO+2.5%
- 16Sterling, CO+3.7%
- 17Craig, CO+0.6%
Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.
Where values are climbing
Fastest appreciating Colorado cities
- $2.18MUp9.9%
- $3.57MUp8.2%
- $1.08MUp7.5%
- $733KUp3.0%
- $450KUp2.1%
- $962KUp0.9%
- $815KUp0.3%
- $565KUp0.2%
- $562KDown0.6%
- 10Erie$706KDown1.2%
Where the market is cooling
Fastest cooling Colorado cities
- $289KDown2.8%
- $425KDown2.5%
- $499KDown2.3%
- $607KDown2.3%
- $586KDown2.3%
- $516KDown2.2%
- $462KDown2.0%
- $569KDown2.0%
- $430KDown1.6%
- 10Parker$687KDown1.4%
Priciest markets in the state
Most expensive Colorado cities by median value
- $3.57M
- $2.18M
- $1.08M
- $962K
- $815K
- $733K
- 7Erie$706K
- $687K
- $657K
- $646K
Common questions
What people ask us.
Will home prices go up in Colorado in 2027?
A weighted average of Zillow's ZIP forecasts, across 324 Colorado ZIP codes, points to typical home values rising 0.6% by September 2027. Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.
What is the typical home value in Colorado?
The typical home value in Colorado is $494,491 as of September 2026, the median Zillow Home Value Index across ZIP codes in the state.
How much have Colorado home values changed in the past year?
The median home value in Colorado changed -0.6% over the 12 months ending September 2026, based on the Zillow Home Value Index.
Methodology & attribution
Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in Colorado, as of September 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the Colorado market index.