Castle Rock, CO—80104
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Castle Rock, CO
Home Price Trends — Castle Rock, CO
As of Oct '25, the median home price in Castle Rock, CO is $603,000, with a year-over-year change of -1.9%. This indicates that home prices in Castle Rock, CO are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $603,000 | -1.9% |
| Single Family | $611,000 | -1.9% |
| Condos | $336,000 | -4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $329,000 | -2.9% |
2 Bed | $487,000 | -1.6% |
3 Bed | $555,000 | -1.9% |
4 Bed | $645,000 | -2.1% |
| 5 Bed | $761,000 | -2.6% |
% of Housing Stock
Rental Trends — Castle Rock, CO
As of July '25, Rentcast reports the average rent in Castle Rock, CO is $2,760, with a year-over-year rent change of 4.9%. Per bedroom, the median rent as of July '25 in Castle Rock, CO is studios: $1,630, 1-bedrooms: $1,590, 2-bedrooms: $2,170, 3-bedrooms: $2,890, 4-bedrooms: $3,300. The most common rental property sizes in Castle Rock, CO are 2-bedroom and 1-bedroom, accounting for 47.7% and 22.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,760 |
| Studio Rent | $1,630 | $1,630 |
| 1 Bed Rent | $1,590 | $1,590 |
| 2 Bed Rent | $2,090 | $2,170 |
| 3 Bed Rent | $2,900 | $2,890 |
| 4 Bed Rent | $3,240 | $3,300 |
% of Rental Stock
Property Listings — Castle Rock, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Castle Rock, CO is 54. This is a increase of 22.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $658,000 | 1.0% |
Listing Count | 304 | 13.0% |
| Listings as % of Homes | 0.9% | 13.0% |
Days on Market | 54 | 22.0% |
Demographics — Castle Rock, CO
As of the latest ACS Survey released in 2023, Castle Rock, CO has a population of 36,500, which has increased by 18.7% over the past 5 years. Castle Rock, CO is a moderately popular place for families, as children make up 23.5% of the population. The area has a highly educated workforce, with 54.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,500 | 18.7% |
% Under 18 | 23.5% | -13.6% |
% Seniors | 13.6% | 21.4% |
% WFH | 24.7% | 139.8% |
% w/ College Degree | 54.2% | 23.5% |
As of the latest ACS Survey released in 2023, Castle Rock, CO is a predominantly white area, with 80.6% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Castle Rock, CO is hispanic, making up 9.5% of the population. Foreign-born residents account for 4.7% of the population in Castle Rock, CO, and this percentage has increased by 38.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.6% | -5.6% |
% Black | 0.5% | -16.7% |
% Hispanic | 9.5% | -8.7% |
% Asian | 1.7% | 70.0% |
% Foreign Born | 4.7% | 38.2% |
Mortgage and Risk — Castle Rock, CO
According to HUD data as of 2023, there were 1449 mortgage originations in Castle Rock, CO, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Castle Rock, CO. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,449 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Castle Rock, CO
As of 2024, the percent of homes in Castle Rock, CO under the Section 8 program is 2.5%. 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 Castle Rock, 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 | 74 |
Total Units Section 8 | 74 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 89.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $1,590 | $1,920 |
| 2 Bedroom | $210 | $2,090 | $2,300 |
| 3 Bedroom | $100 | $2,900 | $3,000 |
| 4 Bedroom | $120 | $3,240 | $3,360 |
Affordability — Castle Rock, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $603,000 |
| Median Household Income | $131,000 |