Markets/Colorado/Denver-Aurora-Lakewood

Denver-Aurora-Lakewood, CO Real Estate Market 2026

Investor-grade market analytics for Denver-Aurora-Lakewood, Colorado. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.

Median Home Price

$559,705

-1.9% year-over-year

Est. Rental Yield

4.1%

gross annual

12-Month Forecast

-1.9%

base case (Zillow ZHVF)

-1.9% year-over-year

Climate Risk

36/100

Low

Market Momentum

๐ŸŒค๏ธ
Warm
2.9mo supply ยท Score +3/7

Net migration: Top 1% nationally

Income Migration

โžก๏ธ Neutral0.92x

In-migrants avg $87,837 AGI vs out-migrants $95,490

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Opportunity Zone Market

29 ZIP codes in Denver-Aurora-Lakewood are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more โ†’

Denver-Aurora-Lakewood Market Summary

Denver-Aurora-Lakewood, CO is experiencing a correction with -1.9% year-over-year decline, signaling a buyer's market with softening demand. Affordability is moderately stretched with a price-to-income ratio of 5.47x, above the national average of 4.8x. Strong net positive migration (+7,266 returns/year) reflects sustained population inflows driving housing demand. Climate risk remains low (36/100), favorable for long-term investment stability. Rental yield of 4.12% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score65/100
Price-to-Income Ratio5.5x (national avg 4.8x)
Median Household Income$102,339

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-2.9%
Base Case-1.9%
Bull Case-1.0%

Climate & Natural Hazard Risk

Denver-Aurora-Lakewood, CO's primary climate exposure is wind storms (46/100). The composite climate risk score of 36/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Denver-Aurora-Lakewood dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.