Erie, CO 80516 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Erie, CO—80516

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$703,000

2.5% YoY Growth

Household Income

$161,000

37.7% YoY Growth

Days on Market

6.0% Shorter YoY

Home Price Forecast

-0.7%

Median Rent

$3,100

3.8% YoY Growth

1-Bed Rent

$1,150

10.0% YoY Growth

2-Bed Rent

$1,980

1.0% YoY Growth

3-Bed Rent

$3,000

2.4% YoY Growth

Home Price Trends — Erie, CO

As of Nov '25, the median home price in Erie, CO is $703,000, with a year-over-year change of -2.5%. This indicates that home prices in Erie, CO are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$703,000	-2.5%
Single Family	$707,000	-2.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Erie, CO

As of July '25, Rentcast reports the average rent in Erie, CO is $3,000, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in Erie, CO is studios: $1,570, 1-bedrooms: $1,320, 2-bedrooms: $2,100, 3-bedrooms: $2,990, 4-bedrooms: $3,460. The most common rental property sizes in Erie, CO are 3-bedroom and 2-bedroom, accounting for 43.7% and 43.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,100	$3,000
Studio Rent	$1,570	$1,570
1 Bed Rent	$1,150	$1,320
2 Bed Rent	$1,980	$2,100
3 Bed Rent	$3,000	$2,990
4 Bed Rent	$3,500	$3,460

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% of Rental Stock

1 Bedroom

0.6%

2 Bedrooms

43.5%

3 Bedrooms

43.7%

4 Bedrooms

9.3%

5+ Bedrooms

2.8%

Property Listings — Erie, CO

As of Nov '25, Realtor.com reports that the median days on market for a home in Erie, CO is 54. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter 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	$747,000	0.0%
Listing Count	259	11.0%
Listings as % of Homes	1.0%	11.0%
Days on Market	54	-6.0%

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Demographics — Erie, CO

As of the latest ACS Survey released in 2023, Erie, CO has a population of 37,100, which has increased by 41.0% over the past 5 years. Erie, CO is a popular place for families, as children make up 29.3% of the population. The area has a highly educated workforce, with 63.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	37,100	41.0%
% Under 18	29.3%	0.3%
% Seniors	10.8%	8.0%
% WFH	28.8%	157.1%
% w/ College Degree	63.6%	9.7%

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As of the latest ACS Survey released in 2023, Erie, CO is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Erie, CO is hispanic, making up 10.7% of the population. Foreign-born residents account for 8.4% of the population in Erie, CO, and this percentage has increased by 13.5% 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	77.3%	-6.8%
% Black	0.1%	-50.0%
% Hispanic	10.7%	10.3%
% Asian	6.2%	14.8%
% Foreign Born	8.4%	13.5%

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Mortgage and Risk — Erie, CO

According to HUD data as of 2023, there were 1315 mortgage originations in Erie, CO, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Erie, 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	1,315
% Conventional Loans	93.0%
% Government Loans	7.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Erie, CO

As of 2024, the percent of homes in Erie, CO under the Section 8 program is 2.0%. 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 Erie, 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	30
Total Units Section 8	30
% Rentals under Section 8	2.0%
% Occupied Section 8	87.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$880	$1,150	$2,030
2 Bedroom	$540	$1,980	$2,520
3 Bedroom	$430	$3,000	$3,430
4 Bedroom	$420	$3,500	$3,920

Erie, CO—80516

Key Metrics at a Glance

Home Price Trends — Erie, CO

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Erie, CO

% of Rental Stock

Property Listings — Erie, CO

Demographics — Erie, CO

Race and Ethnicity

Mortgage and Risk — Erie, CO

Mortgages

Rentals and Section 8 — Erie, CO

Section 8 Market Size

Section 8 Opportunity

Affordability — Erie, CO

Home Price to Income Ratio

Erie, CO — ZIP Code Boundary Map

Nearby ZIP Codes

Dacono, CO

Broomfield, CO

Lafayette, CO

Firestone

Frederick, CO

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.5
Median Home Price	$703,000
Median Household Income	$161,000

Erie, CO—80516

Key Metrics at a Glance

Home Price Trends — Erie, CO

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Erie, CO

% of Rental Stock

Property Listings — Erie, CO

Demographics — Erie, CO

Race and Ethnicity

Mortgage and Risk — Erie, CO

Mortgages

Rentals and Section 8 — Erie, CO

Section 8 Market Size

Section 8 Opportunity

Affordability — Erie, CO

Home Price to Income Ratio

Erie, CO — ZIP Code Boundary Map

Nearby ZIP Codes

Dacono, CO

Broomfield, CO

Lafayette, CO

Firestone

Frederick, CO

Frequently Asked Questions

What is the average home price in Erie, CO 80516?

How have home prices in Erie, CO 80516 changed over the past year?

What is the home price projection for Erie, CO 80516?

What are the demographics of Erie, CO 80516?

How long does it take homes to sell in Erie, CO 80516?

What is the average rent price in Erie, CO 80516?