Canon City, CO—81212
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canon City, CO
As of Oct '25, the median home price in Canon City, CO is $334,000, with a year-over-year change of 1.1%. This indicates that home prices in Canon City, CO are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $334,000 | 1.1% |
| Single Family | $335,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $219,000 | -5.2% |
2 Bed | $254,000 | 1.2% |
3 Bed | $349,000 | 0.9% |
4 Bed | $415,000 | 0.7% |
| 5 Bed | $544,000 | 2.1% |
% of Housing Stock
Rental Trends — Canon City, CO
As of July '25, Rentcast reports the average rent in Canon City, CO is $1,380, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Canon City, CO is studios: $885, 1-bedrooms: $940, 2-bedrooms: $1,280, 3-bedrooms: $1,670. The most common rental property sizes in Canon City, CO are 2-bedroom and 1-bedroom, accounting for 43.5% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,380 |
| Studio Rent | $865 | $885 |
| 1 Bed Rent | $950 | $940 |
| 2 Bed Rent | $1,250 | $1,280 |
| 3 Bed Rent | $1,640 | $1,670 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Canon City, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Canon City, CO is 77. This is a increase of 17.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $394,000 | -9.0% |
Listing Count | 258 | 49.0% |
| Listings as % of Homes | 1.0% | 49.0% |
Days on Market | 77 | 17.0% |
Demographics — Canon City, CO
As of the latest ACS Survey released in 2023, Canon City, CO has a population of 32,400, which has increased by 5.2% over the past 5 years. Canon City, CO is a moderately popular place for families, as children make up 15.9% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,400 | 5.2% |
% Under 18 | 15.9% | -8.6% |
% Seniors | 22.9% | 9.0% |
% WFH | 13.3% | 155.8% |
% w/ College Degree | 22.1% | 16.3% |
As of the latest ACS Survey released in 2023, Canon City, CO is a predominantly white area, with 78.7% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Canon City, CO is hispanic, making up 13.2% of the population. Foreign-born residents account for 1.7% of the population in Canon City, CO, and this percentage has decreased by 29.2% 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 | 78.7% | -1.6% |
% Black | 3.6% | -2.7% |
% Hispanic | 13.2% | 0.0% |
% Asian | 0.6% | 0.0% |
% Foreign Born | 1.7% | -29.2% |
Mortgage and Risk — Canon City, CO
According to HUD data as of 2023, there were 548 mortgage originations in Canon City, CO, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Canon City, CO. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 548 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Canon City, CO
Canon City, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 312 |
Total Units Section 8 | 312 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $950 | $880 |
| 2 Bedroom | -$90 | $1,250 | $1,160 |
| 3 Bedroom | -$130 | $1,640 | $1,510 |
| 4 Bedroom | N/A | N/A | $1,680 |
Affordability — Canon City, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $334,000 |
| Median Household Income | $63,500 |