Thornton, CO—80229
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thornton, CO
As of Oct '25, the median home price in Thornton, CO is $421,000, with a year-over-year change of -3.1%. This indicates that home prices in Thornton, 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 | $421,000 | -3.1% |
| Single Family | $428,000 | -3.2% |
| Condos | $308,000 | -4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $240,000 | -5.5% |
2 Bed | $332,000 | -4.0% |
3 Bed | $420,000 | -3.2% |
4 Bed | $479,000 | -3.0% |
| 5 Bed | $500,000 | -3.5% |
% of Housing Stock
Rental Trends — Thornton, CO
As of July '25, Rentcast reports the average rent in Thornton, CO is $2,020, with a year-over-year rent change of -2.9%. Per bedroom, the median rent as of July '25 in Thornton, CO is studios: $1,220, 1-bedrooms: $1,200, 2-bedrooms: $1,720, 3-bedrooms: $2,400, 4-bedrooms: $2,610. The most common rental property sizes in Thornton, CO are 2-bedroom and 1-bedroom, accounting for 34.5% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,020 |
| Studio Rent | $1,220 | $1,220 |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,700 | $1,720 |
| 3 Bed Rent | $2,500 | $2,400 |
| 4 Bed Rent | $2,600 | $2,610 |
% of Rental Stock
Property Listings — Thornton, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Thornton, CO is 50. This is a increase of 29.0% 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 55.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $422,000 | 3.0% |
Listing Count | 155 | 34.0% |
| Listings as % of Homes | 0.4% | 34.0% |
Days on Market | 50 | 29.0% |
Demographics — Thornton, CO
As of the latest ACS Survey released in 2023, Thornton, CO has a population of 57,300, which has increased by 4.2% over the past 5 years. Thornton, CO is a moderately popular place for families, as children make up 24.9% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 57,300 | 4.2% |
% Under 18 | 24.9% | -12.0% |
% Seniors | 9.1% | 16.7% |
% WFH | 9.7% | 234.5% |
% w/ College Degree | 19.8% | 38.5% |
As of the latest ACS Survey released in 2023, Thornton, CO is a predominantly hispanic area, with 57.0% of the population identifying as hispanic. The hispanic population has grown by 5.2% in the last 5 years. The second most common race or ethnicity in Thornton, CO is white, making up 34.2% of the population. Foreign-born residents account for 20.4% of the population in Thornton, CO, and this percentage has decreased by 3.3% 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 | 34.2% | -8.3% |
% Black | 1.7% | -22.7% |
% Hispanic | 57.0% | 5.2% |
% Asian | 3.4% | 0.0% |
% Foreign Born | 20.4% | -3.3% |
Mortgage and Risk — Thornton, CO
According to HUD data as of 2023, there were 999 mortgage originations in Thornton, CO, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Thornton, CO. Investor activity is low, as 2.0% 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 | 999 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Thornton, CO
As of 2024, the percent of homes in Thornton, CO under the Section 8 program is 8.5%. 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 Thornton, 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 | 541 |
Total Units Section 8 | 541 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 95.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $550 | $1,200 | $1,750 |
| 2 Bedroom | $390 | $1,700 | $2,090 |
| 3 Bedroom | $230 | $2,500 | $2,730 |
| 4 Bedroom | $450 | $2,600 | $3,050 |
Affordability — Thornton, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $421,000 |
| Median Household Income | $83,400 |