Thornton, CO—80602
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 $643,000, with a year-over-year change of -2.4%. This indicates that home prices in Thornton, 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 | $643,000 | -2.4% |
| Single Family | $645,000 | -2.6% |
| Condos | $395,000 | -4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $481,000 | -2.8% |
3 Bed | $587,000 | -2.5% |
4 Bed | $668,000 | -2.8% |
| 5 Bed | $757,000 | -3.2% |
% of Housing Stock
Rental Trends — Thornton, CO
As of July '25, Rentcast reports the average rent in Thornton, CO is $2,930, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Thornton, CO is 1-bedrooms: $1,320, 2-bedrooms: $2,520, 3-bedrooms: $2,850, 4-bedrooms: $3,480. The most common rental property sizes in Thornton, CO are 3-bedroom and 4-bedroom, accounting for 50.4% and 20.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,940 | $2,930 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $1,320 |
| 2 Bed Rent | $2,500 | $2,520 |
| 3 Bed Rent | $2,740 | $2,850 |
| 4 Bed Rent | $3,420 | $3,480 |
% 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 59. This is a increase of 23.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $689,000 | 0.0% |
Listing Count | 262 | 35.0% |
| Listings as % of Homes | 0.8% | 35.0% |
Days on Market | 59 | 23.0% |
Demographics — Thornton, CO
As of the latest ACS Survey released in 2023, Thornton, CO has a population of 42,200, which has increased by 21.2% over the past 5 years. Thornton, CO is a popular place for families, as children make up 27.2% of the population. The area has a moderately educated workforce, with 43.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,200 | 21.2% |
% Under 18 | 27.2% | -6.5% |
% Seniors | 11.3% | 24.2% |
% WFH | 17.9% | 70.5% |
% w/ College Degree | 43.9% | 5.3% |
As of the latest ACS Survey released in 2023, Thornton, CO is a predominantly white area, with 62.5% of the population identifying as white. The white population has shrunk by 15.0% in the last 5 years. The second most common race or ethnicity in Thornton, CO is hispanic, making up 24.3% of the population. Foreign-born residents account for 8.4% of the population in Thornton, CO, and this percentage has increased by 1.2% 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 | 62.5% | -15.0% |
% Black | 2.2% | 144.4% |
% Hispanic | 24.3% | 43.8% |
% Asian | 7.7% | 28.3% |
% Foreign Born | 8.4% | 1.2% |
Mortgage and Risk — Thornton, CO
According to HUD data as of 2023, there were 330 mortgage originations in Thornton, CO, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Thornton, CO. Investor activity is low, as 1.0% 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 | 330 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Thornton, CO
As of 2024, the percent of homes in Thornton, CO under the Section 8 program is 1.0%. 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 | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,570 | $950 | $2,520 |
| 2 Bedroom | $520 | $2,500 | $3,020 |
| 3 Bedroom | $1,200 | $2,740 | $3,940 |
| 4 Bedroom | $990 | $3,420 | $4,410 |
Affordability — Thornton, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $643,000 |
| Median Household Income | $147,000 |