Elbert, CO—80106
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elbert, CO
As of Oct '25, the median home price in Elbert, CO is $729,000, with a year-over-year change of 0.5%. This indicates that home prices in Elbert, CO are flat. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $729,000 | 0.5% |
| Single Family | $729,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $611,000 | -0.5% |
3 Bed | $675,000 | 0.3% |
4 Bed | $768,000 | 0.4% |
| 5 Bed | $847,000 | -0.6% |
% of Housing Stock
Rental Trends — Elbert, CO
As of July '25, Rentcast reports the average rent in Elbert, CO is $2,950, with a year-over-year rent change of 17.1%. Per bedroom, the median rent as of July '25 in Elbert, CO is 3-bedrooms: $3,200, 4-bedrooms: $2,700. The most common rental property sizes in Elbert, CO are 2-bedroom and 3-bedroom, accounting for 42.6% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,200 | $3,200 |
| 4 Bed Rent | $2,700 | $2,700 |
% of Rental Stock
Property Listings — Elbert, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Elbert, CO is 89. This is a increase of 13.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $828,000 | -6.0% |
Listing Count | 45 | 50.0% |
| Listings as % of Homes | 1.2% | 50.0% |
Days on Market | 89 | 13.0% |
Demographics — Elbert, CO
As of the latest ACS Survey released in 2023, Elbert, CO has a population of 4,450, which has decreased by -14.3% over the past 5 years. Elbert, CO is a moderately popular place for families, as children make up 16.0% of the population. The area has a moderately educated workforce, with 42.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,450 | -14.3% |
% Under 18 | 16.0% | -25.2% |
% Seniors | 20.9% | 24.4% |
% WFH | 30.5% | 117.9% |
% w/ College Degree | 42.0% | -11.6% |
As of the latest ACS Survey released in 2023, Elbert, CO is a predominantly white area, with 88.8% of the population identifying as white. The white population has grown by 3.9% in the last 5 years. The second most common race or ethnicity in Elbert, CO is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.2% of the population in Elbert, CO, and this percentage has decreased by 55.6% 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 | 88.8% | 3.9% |
% Black | 1.4% | -26.3% |
% Hispanic | 2.3% | -71.3% |
% Asian | 1.5% | 36.4% |
% Foreign Born | 1.2% | -55.6% |
Mortgage and Risk — Elbert, CO
According to HUD data as of 2023, there were 49 mortgage originations in Elbert, CO, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Elbert, CO. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 49 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Elbert, CO
Elbert, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,070 |
| 2 Bedroom | N/A | N/A | $1,280 |
| 3 Bedroom | -$1,440 | $3,200 | $1,760 |
| 4 Bedroom | -$700 | $2,700 | $2,000 |
Affordability — Elbert, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $729,000 |
| Median Household Income | $153,000 |