Glenwood Springs, CO—81601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Glenwood Springs, CO
As of Oct '25, the median home price in Glenwood Springs, CO is $861,000, with a year-over-year change of 2.8%. This indicates that home prices in Glenwood Springs, CO are increasing. According to Zillow, the 1-year price projection is 4.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $861,000 | 2.8% |
| Single Family | $936,000 | 2.3% |
| Condos | $468,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $398,000 | 1.3% |
2 Bed | $552,000 | 2.6% |
3 Bed | $861,000 | 2.4% |
4 Bed | $1,092,000 | 2.2% |
| 5 Bed | $1,380,000 | 2.1% |
% of Housing Stock
Rental Trends — Glenwood Springs, CO
As of July '25, Rentcast reports the average rent in Glenwood Springs, CO is $3,040, with a year-over-year rent change of -6.5%. Per bedroom, the median rent as of July '25 in Glenwood Springs, CO is studios: $2,200, 1-bedrooms: $2,040, 2-bedrooms: $2,580, 3-bedrooms: $4,580, 4-bedrooms: $6,300. The most common rental property sizes in Glenwood Springs, CO are 1-bedroom and 2-bedroom, accounting for 34.7% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $3,040 |
| Studio Rent | $2,200 | $2,200 |
| 1 Bed Rent | $1,980 | $2,040 |
| 2 Bed Rent | $2,600 | $2,580 |
| 3 Bed Rent | $5,000 | $4,580 |
| 4 Bed Rent | $6,300 | $6,300 |
% of Rental Stock
Property Listings — Glenwood Springs, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Glenwood Springs, CO is 79. This is a decrease of -3.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,030,000 | -24.0% |
Listing Count | 92 | 39.0% |
| Listings as % of Homes | 0.9% | 39.0% |
Days on Market | 79 | -3.0% |
Demographics — Glenwood Springs, CO
As of the latest ACS Survey released in 2023, Glenwood Springs, CO has a population of 16,300, which has increased by 3.8% over the past 5 years. Glenwood Springs, CO is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 40.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,300 | 3.8% |
% Under 18 | 22.0% | -4.3% |
% Seniors | 14.1% | 10.2% |
% WFH | 9.0% | 20.0% |
% w/ College Degree | 40.7% | 5.7% |
As of the latest ACS Survey released in 2023, Glenwood Springs, CO is a predominantly white area, with 64.0% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Glenwood Springs, CO is hispanic, making up 30.0% of the population. Foreign-born residents account for 16.4% of the population in Glenwood Springs, CO, and this percentage has increased by 7.9% 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 | 64.0% | -9.7% |
% Black | 0.6% | 500.0% |
% Hispanic | 30.0% | 18.1% |
% Asian | 1.2% | -45.5% |
% Foreign Born | 16.4% | 7.9% |
Mortgage and Risk — Glenwood Springs, CO
According to HUD data as of 2023, there were 256 mortgage originations in Glenwood Springs, CO, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Glenwood Springs, CO. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 256 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Glenwood Springs, CO
Glenwood Springs, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 150 |
Total Units Section 8 | 151 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$750 | $1,980 | $1,230 |
| 2 Bedroom | -$980 | $2,600 | $1,620 |
| 3 Bedroom | -$2,730 | $5,000 | $2,270 |
| 4 Bedroom | -$3,800 | $6,300 | $2,500 |
Affordability — Glenwood Springs, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $861,000 |
| Median Household Income | $104,000 |