Home Values

Denver Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$286,500

  • 14.7% 1-year change
  • 5.8% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in Denver Metro is $286,500. Denver Metro home values have gone up 14.7% over the past year and Zillow predicts they will rise 5.8% within the next year. The median list price per square foot in Denver Metro is $193, which is higher than the Colorado average of $168. The median price of homes currently listed in Denver Metro is $375,000 while the median price of homes that sold is $273,500. The median rent price in Denver Metro is $1,567, which is higher than the Colorado median of $1,425.

Foreclosures will be a factor impacting home values in the next several years. In Denver Metro 1.5 homes are foreclosed (per 10,000). This is lower than the Colorado value of 2.2 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Denver Metro is 2.1%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Denver Metro homeowners underwater on their mortgage is 8.2%, which is lower than Colorado at 11.3%.

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Relative ZHVI
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Denver Metro Market Overview

Data through Jan 31, 2015
  • $286,500 ZHVI
  • 5.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $375,000 Median listing price
  • $273,500 Median sale price
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Denver Metro Market Health

Data through Jan 31, 2015
  • 9.6/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • 62 Average days on Zillow (Dec 31, 2014)
  • 8.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.5 homes Denver Metro
2.2 homes Colorado
4 homes United States
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Cities in Denver Metro

Name Median ZHVI
Highlands Ranch $385,400
Parker $374,000
Centennial $349,200
Name Median ZHVI
Denver $297,900
Lakewood $285,200
Arvada $280,800
Name Median ZHVI
Westminster $255,800
Thornton $248,400
Aurora $210,700

Listings & Sales

Data through Jan 31, 2015
  • $193 Median list price / sq ft
  • $178 Median sale price / sq ft
  • No data Listings with price cut
7.2%
Sold below listing
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Denver Metro Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,827 Denver Metro
    $1,647 Colorado
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,567 Rent list price
  • $1.45 Rent list price / sq ft
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