Boone, CO—81022
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Boone, CO
As of Oct '25, the median home price in Boone, CO is $254,000, with a year-over-year change of -1.6%. This indicates that home prices in Boone, 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 | $254,000 | -1.6% |
| Single Family | $254,000 | -1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $173,000 | -2.8% |
3 Bed | $291,000 | -2.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Boone, CO
Boone, CO lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Boone, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Boone, CO is 148. This is a increase of 551.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $460,000 | 11.0% |
Listing Count | 8 | 111.0% |
| Listings as % of Homes | 0.8% | 111.0% |
Days on Market | 148 | 551.0% |
Demographics — Boone, CO
As of the latest ACS Survey released in 2023, Boone, CO has a population of 1,350, which has decreased by -17.0% over the past 5 years. Boone, CO is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 22.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,350 | -17.0% |
% Under 18 | 20.2% | 37.4% |
% Seniors | 22.1% | 36.4% |
% WFH | 6.2% | 342.9% |
% w/ College Degree | 22.0% | 56.0% |
As of the latest ACS Survey released in 2023, Boone, CO is a predominantly white area, with 53.1% of the population identifying as white. The white population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Boone, CO is hispanic, making up 42.9% of the population. Foreign-born residents account for 7.6% of the population in Boone, CO, and this percentage has increased by 137.5% 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 | 53.1% | -11.9% |
% Black | 0.0% | N/A |
% Hispanic | 42.9% | 8.1% |
% Asian | 0.0% | N/A |
% Foreign Born | 7.6% | 137.5% |
Mortgage and Risk — Boone, CO
According to HUD data as of 2023, there were 47 mortgage originations in Boone, CO, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Boone, CO. Investor activity is low, as 2.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Boone, CO
Boone, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,230 |
| 2 Bedroom | N/A | N/A | $1,620 |
| 3 Bedroom | N/A | N/A | $2,090 |
| 4 Bedroom | N/A | N/A | $2,310 |
Affordability — Boone, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $254,000 |
| Median Household Income | $59,800 |