Lakecrest, CO—80005
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakecrest, CO
As of Oct '25, the median home price in Lakecrest, CO is $634,000, with a year-over-year change of -1.8%. This indicates that home prices in Lakecrest, CO are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $634,000 | -1.8% |
| Single Family | $653,000 | -1.8% |
| Condos | $338,000 | -5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $244,000 | -7.6% |
2 Bed | $393,000 | -5.1% |
3 Bed | $598,000 | -2.1% |
4 Bed | $700,000 | -1.5% |
| 5 Bed | $805,000 | -1.5% |
% of Housing Stock
Rental Trends — Lakecrest, CO
As of July '25, Rentcast reports the average rent in Lakecrest, CO is $2,760, with a year-over-year rent change of 8.7%. Per bedroom, the median rent as of July '25 in Lakecrest, CO is 1-bedrooms: $1,670, 2-bedrooms: $2,180, 3-bedrooms: $3,210, 4-bedrooms: $3,440. The most common rental property sizes in Lakecrest, CO are 2-bedroom and 3-bedroom, accounting for 43.8% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $2,760 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,740 | $1,670 |
| 2 Bed Rent | $2,170 | $2,180 |
| 3 Bed Rent | $3,100 | $3,210 |
| 4 Bed Rent | $3,190 | $3,440 |
% of Rental Stock
Property Listings — Lakecrest, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakecrest, CO is 65. This is a increase of 38.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $650,000 | 0.0% |
Listing Count | 124 | 9.0% |
| Listings as % of Homes | 0.4% | 9.0% |
Days on Market | 65 | 38.0% |
Demographics — Lakecrest, CO
As of the latest ACS Survey released in 2023, Lakecrest, CO has a population of 28,900, which has remained stable by -0.8% over the past 5 years. Lakecrest, CO is a moderately popular place for families, as children make up 20.7% of the population. The area has a highly educated workforce, with 57.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,900 | -0.8% |
% Under 18 | 20.7% | -6.8% |
% Seniors | 19.9% | 13.1% |
% WFH | 23.7% | 189.0% |
% w/ College Degree | 57.9% | 25.9% |
As of the latest ACS Survey released in 2023, Lakecrest, CO is a predominantly white area, with 84.3% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Lakecrest, CO is hispanic, making up 10.9% of the population. Foreign-born residents account for 3.9% of the population in Lakecrest, CO, and this percentage has decreased by 17.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.3% | -3.5% |
% Black | 0.8% | -27.3% |
% Hispanic | 10.9% | 43.4% |
% Asian | 1.9% | -17.4% |
% Foreign Born | 3.9% | -17.0% |
Mortgage and Risk — Lakecrest, CO
According to HUD data as of 2023, there were 259 mortgage originations in Lakecrest, CO, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Lakecrest, CO. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 259 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Lakecrest, CO
As of 2024, the percent of homes in Lakecrest, CO under the Section 8 program is 1.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lakecrest, CO, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,740 | $2,040 |
| 2 Bedroom | $270 | $2,170 | $2,440 |
| 3 Bedroom | $90 | $3,100 | $3,190 |
| 4 Bedroom | $380 | $3,190 | $3,570 |
Affordability — Lakecrest, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $634,000 |
| Median Household Income | $136,000 |