Home Values in Denver, Colorado — 2026 Market Report
Updated March 2026 | Buyer's Market | +2.2% YoY
The median home value in Denver, Colorado is $555,000 as of March 2026, which is above the national median of $400,000. Home values in Denver have increased by 2.2% over the past year and 11.5% over the last five years. With a population of 715,522 and a median household income of $72,661, the price-to-income ratio stands at 7.6x, making Denver affordable for the average household.
Denver Housing Market Conditions
| Metric | Denver | National Avg |
|---|---|---|
| Median Home Value | $555,000 | $400,000 |
| YoY Appreciation | +2.2% | +3.8% |
| 5-Year Appreciation | +11.5% | +22.4% |
| Price per Sq Ft | $249 | $222 |
| Days on Market | 33 days | 45 days |
| Months of Supply | 5.3 | 3.5 |
| List-to-Sale Ratio | 97.4% | 98.5% |
| Monthly Homes Sold | 656 | — |
| Foreclosure Rate | 0.76% | 0.3% |
Home Value Trends in Denver
A homeowner who purchased at the median price of $497,758 five years ago in Denver would have gained approximately $57,242 in equity, representing a 11.5% return on investment. Over the past year alone, the typical homeowner gained $11,947 in home equity.
Affordability in Denver, CO
With a median household income of $72,661 and a median home price of $555,000, the price-to-income ratio in Denver is 7.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,860 compared to estimated monthly ownership costs of $2,872 gives a rent-vs-buy ratio of 1.00. In Denver, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Denver
The effective property tax rate in Colorado is 0.51%. On a home valued at $555,000, the estimated annual property tax bill is $2,831, or approximately $236/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Denver is 112.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Denver, CO?
The median home value in Denver, Colorado is $555,000 as of March 2026. Home values have changed +2.2% over the past year, with a 5-year appreciation of 11.5%.
Is Denver a buyer's or seller's market?
Denver is currently a buyer's market with 5.3 months of housing supply. Homes spend an average of 33 days on market, and the list-to-sale price ratio is 97.4%. Higher inventory gives buyers more negotiating power.
Are home values going up in Denver?
Yes, home values in Denver have increased by 2.2% over the past year. The 5-year appreciation rate is 11.5%, meaning a home worth $497,758 five years ago is now worth $555,000.
Is it better to rent or buy in Denver?
The average monthly rent in Denver is $2,860, while estimated monthly homeownership costs are approximately $2,872. The price-to-rent ratio is 16.2. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Colorado Cities
Related Resources
Disclaimer: Home value data for Denver, Colorado is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.