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

As of May '26, the median home price in Erie, CO 80516 is $714,000, based on Zillow home estimates.

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

As of May '26, home prices have decreased 2.2% over the past year, according to Zillow home estimates data.

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

As of May '26, Zillow projects home prices in Erie, CO 80516 to decrease 1.4% in the next year.

What are the demographics of Erie, CO 80516?

According to the latest Census, the demographics of Erie, CO 80516 are 77.3% White, 0.1% Black, 6.2% Asian, 10.7% Hispanic. The population is 37,100, with 29.3% under 18 years old.

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

According to Realtor.com, as of May '26, the median home in Erie, CO 80516 is on the market for 39 days. This is an increase of 9.0% from last year.

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

The average rent price in Erie, CO 80516, as of the latest data, is $3,000. The average rent for 1 bedroom homes is $1,320. For 2, 3, and 4 bedroom homes, the average rent is $2,100, $2,990, and $3,460 respectively.

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Erie, CO—80516

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$714,000

2.2% YoY Growth

Household Income

$161,000

37.7% YoY Growth

Days on Market

9.0% Longer YoY

Home Price Forecast

-1.4%

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 May '26, the median home price in Erie, CO is $714,000, with a year-over-year change of -2.2%. This indicates that home prices in Erie, CO are decreasing. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$714,000	-2.2%
Single Family	$718,000	-1.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$715,000	-8.0%
Listing Count	251	-3.0%
Listings as % of Homes	1.0%	-3.0%
Days on Market	39	9.0%

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%

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%

Total Units under HUD	30
Total Units Section 8	30
% Rentals under Section 8	2.0%
% Occupied Section 8	87.0%

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

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

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%

Metric	Zip Code Average
Home Price to Income Ratio	4.7
Median Home Price	$714,000
Median Household Income	$161,000