Elbert, CO 80106 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elbert, CO—80106

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$730,000

1.2% YoY Growth

Household Income

$153,000

44.5% YoY Growth

Days on Market

107.0% Longer YoY

Home Price Forecast

-2.0%

Median Rent

$2,700

17.1% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$3,200

10.3% YoY Growth

Home Price Trends — Elbert, CO

As of May '26, the median home price in Elbert, CO is $730,000, with a year-over-year change of -1.2%. This indicates that home prices in Elbert, CO are decreasing. According to Zillow, the 1-year price projection is -2.0%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$730,000	-1.2%
Single Family	$730,000	-1.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

20.8%

2 Bedrooms

42.6%

3 Bedrooms

30.7%

4 Bedrooms

5.9%

Property Listings — Elbert, CO

As of May '26, Realtor.com reports that the median days on market for a home in Elbert, CO is 81. This is a increase of 107.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,060,000	38.0%
Listing Count	37	26.0%
Listings as % of Homes	1.2%	26.0%
Days on Market	81	107.0%

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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%

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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%

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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%

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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

Elbert, CO—80106

Key Metrics at a Glance

Home Price Trends — Elbert, CO

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elbert, CO

% of Rental Stock

Property Listings — Elbert, CO

Demographics — Elbert, CO

Race and Ethnicity

Mortgage and Risk — Elbert, CO

Mortgages

Rentals and Section 8 — Elbert, CO

Section 8 Market Size

Section 8 Opportunity

Affordability — Elbert, CO

Home Price to Income Ratio

Elbert, CO — ZIP Code Boundary Map

Nearby ZIP Codes

Peyton, CO

Black Forest, Colorado Springs, CO

Franktown, CO

Kiowa, CO

Elizabeth, CO

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.7
Median Home Price	$730,000
Median Household Income	$153,000

Elbert, CO—80106

Key Metrics at a Glance

Home Price Trends — Elbert, CO

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elbert, CO

% of Rental Stock

Property Listings — Elbert, CO

Demographics — Elbert, CO

Race and Ethnicity

Mortgage and Risk — Elbert, CO

Mortgages

Rentals and Section 8 — Elbert, CO

Section 8 Market Size

Section 8 Opportunity

Affordability — Elbert, CO

Home Price to Income Ratio

Elbert, CO — ZIP Code Boundary Map

Nearby ZIP Codes

Peyton, CO

Black Forest, Colorado Springs, CO

Franktown, CO

Kiowa, CO

Elizabeth, CO

Frequently Asked Questions

What is the average home price in Elbert, CO 80106?

How have home prices in Elbert, CO 80106 changed over the past year?

What is the home price projection for Elbert, CO 80106?

What are the demographics of Elbert, CO 80106?

How long does it take homes to sell in Elbert, CO 80106?

What is the average rent price in Elbert, CO 80106?