Home Value Estimator

The median home value in Colorado is $254,000. Colorado home values have gone up 7.9% over the past year and Zillow predicts they will rise 3.4% within the next year. The median list price per square foot in Colorado is $166. The median price of homes currently listed in Colorado is $318,000 while the median price of homes that sold is $252,835. The median rent price in Colorado is $1,400.

Foreclosures will be a factor impacting home values in the next several years. In Colorado 2.1 homes are foreclosed (per 10,000). This is lower than the national value of 4.2

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 Colorado is 2.7%, 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 Colorado homeowners underwater on their mortgage is 11.3%.

Keep in mind that estimates are just that…. estimates. If you are looking to buy or sell we’ve got you covered. It’s always a great idea to get in touch with a Professional Real Estate Appraiser for Fair and Accurate Market values when looking to purchase or sell a home.

 

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