Castle Pines, CO—80108
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Castle Pines, CO
As of Oct '25, the median home price in Castle Pines, CO is $859,000, with a year-over-year change of -2.4%. This indicates that home prices in Castle Pines, CO are decreasing. 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 | $859,000 | -2.4% |
| Single Family | $864,000 | -2.7% |
| Condos | $473,000 | -3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $1,262,000 | 5.7% |
2 Bed | $652,000 | -2.2% |
3 Bed | $735,000 | -2.9% |
4 Bed | $866,000 | -2.7% |
| 5 Bed | $1,090,000 | -2.1% |
% of Housing Stock
Rental Trends — Castle Pines, CO
As of July '25, Rentcast reports the average rent in Castle Pines, CO is $2,810, with a year-over-year rent change of -5.4%. Per bedroom, the median rent as of July '25 in Castle Pines, CO is 1-bedrooms: $1,870, 2-bedrooms: $2,260, 3-bedrooms: $3,030, 4-bedrooms: $4,150. The most common rental property sizes in Castle Pines, CO are 2-bedroom and 1-bedroom, accounting for 35.2% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,810 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,820 | $1,870 |
| 2 Bed Rent | $2,170 | $2,260 |
| 3 Bed Rent | $2,800 | $3,030 |
| 4 Bed Rent | $3,850 | $4,150 |
% of Rental Stock
Property Listings — Castle Pines, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Castle Pines, CO is 60. This is a increase of 8.0% 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 | $996,000 | 5.0% |
Listing Count | 305 | 5.0% |
| Listings as % of Homes | 1.0% | 5.0% |
Days on Market | 60 | 8.0% |
Demographics — Castle Pines, CO
As of the latest ACS Survey released in 2023, Castle Pines, CO has a population of 35,500, which has increased by 30.9% over the past 5 years. Castle Pines, CO is a popular place for families, as children make up 26.3% of the population. The area has a highly educated workforce, with 65.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,500 | 30.9% |
% Under 18 | 26.3% | -10.2% |
% Seniors | 14.4% | 5.1% |
% WFH | 29.9% | 82.3% |
% w/ College Degree | 65.5% | -0.2% |
As of the latest ACS Survey released in 2023, Castle Pines, CO is a predominantly white area, with 80.3% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Castle Pines, CO is hispanic, making up 10.5% of the population. Foreign-born residents account for 7.6% of the population in Castle Pines, CO, and this percentage has increased by 35.7% 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 | 80.3% | -7.9% |
% Black | 2.1% | 110.0% |
% Hispanic | 10.5% | 61.5% |
% Asian | 2.7% | -12.9% |
% Foreign Born | 7.6% | 35.7% |
Mortgage and Risk — Castle Pines, CO
According to HUD data as of 2023, there were 963 mortgage originations in Castle Pines, CO, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Castle Pines, CO. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 963 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Castle Pines, CO
As of 2024, the percent of homes in Castle Pines, CO under the Section 8 program is 1.6%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Castle Pines, CO, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 33 |
Total Units Section 8 | 33 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,820 | $1,990 |
| 2 Bedroom | $210 | $2,170 | $2,380 |
| 3 Bedroom | $310 | $2,800 | $3,110 |
| 4 Bedroom | -$370 | $3,850 | $3,480 |
Affordability — Castle Pines, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $859,000 |
| Median Household Income | $179,000 |