Palisade, CO—81526
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palisade, CO
As of Oct '25, the median home price in Palisade, CO is $557,000, with a year-over-year change of 5.7%. This indicates that home prices in Palisade, CO are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $557,000 | 5.7% |
| Single Family | $563,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $437,000 | 6.3% |
3 Bed | $553,000 | 5.5% |
4 Bed | $685,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Palisade, CO
As of July '25, Rentcast reports the average rent in Palisade, CO is $1,610, with a year-over-year rent change of 63.0%. Per bedroom, the median rent as of July '25 in Palisade, CO is 1-bedrooms: $850, 2-bedrooms: $1,390, 3-bedrooms: $2,320. The most common rental property sizes in Palisade, CO are 2-bedroom and 3-bedroom, accounting for 42.7% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,610 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $850 |
| 2 Bed Rent | $1,400 | $1,390 |
| 3 Bed Rent | $2,400 | $2,320 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Palisade, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Palisade, CO is 84. This is a increase of 24.0% 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 | $700,000 | -11.0% |
Listing Count | 35 | 37.0% |
| Listings as % of Homes | 0.8% | 37.0% |
Days on Market | 84 | 24.0% |
Demographics — Palisade, CO
As of the latest ACS Survey released in 2023, Palisade, CO has a population of 5,400, which has decreased by -3.3% over the past 5 years. Palisade, CO is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 34.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,400 | -3.3% |
% Under 18 | 16.2% | -26.4% |
% Seniors | 22.6% | 3.7% |
% WFH | 24.8% | 134.0% |
% w/ College Degree | 34.7% | 17.6% |
As of the latest ACS Survey released in 2023, Palisade, CO is a predominantly white area, with 89.0% of the population identifying as white. The white population has grown by 3.6% in the last 5 years. The second most common race or ethnicity in Palisade, CO is hispanic, making up 8.3% of the population. Foreign-born residents account for 2.1% of the population in Palisade, CO, and this percentage has decreased by 43.2% 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 | 89.0% | 3.6% |
% Black | 0.1% | -50.0% |
% Hispanic | 8.3% | 9.2% |
% Asian | 0.1% | -90.9% |
% Foreign Born | 2.1% | -43.2% |
Mortgage and Risk — Palisade, CO
According to HUD data as of 2023, there were 129 mortgage originations in Palisade, CO, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Palisade, CO. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 129 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 5.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Palisade, CO
Palisade, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $750 | $860 |
| 2 Bedroom | -$290 | $1,400 | $1,110 |
| 3 Bedroom | -$840 | $2,400 | $1,560 |
| 4 Bedroom | N/A | N/A | $1,860 |
Affordability — Palisade, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $557,000 |
| Median Household Income | $83,300 |