Denver Home Values Dip: Median Price Falls to $568,754, Down 2.8% Year-Over-Year
The median home value in Denver, CO is currently $568,754, reflecting a 2.8% decline over the past year. Despite the drop in prices, homes are still selling quickly—typically going under contract in about 15 days.
Home values across the Denver metro area experienced widespread declines over the past year, with the majority of ZIP codes seeing depreciation in property values from April 2024 to April 2025.
According to the latest datas from Zillow Home Value Index, only a handful of neighborhoods saw modest gains, underscoring a cooling trend in the broader housing market.
Of the 37 ZIP codes analyzed:
- 34 saw year-over-year declines, with some areas dropping by over 5%.
- Only 3 ZIP codes experienced home value growth, and none by more than 1%.
Notable Declines: Central Denver Hit Hardest
Several centrally located neighborhoods recorded some of the steepest year-over-year drops:
- 80203 (Capitol Hill) fell by -5.4% to a median home value of $383,387.
- 80202 (Downtown Denver) dropped -5.2%, bringing values down to $597,429.
- 80204 (Lincoln Park & Sun Valley) declined by -5.1% to $564,883.
- 80205 (Five Points & Whittier) saw a -4.6% decrease to $606,740.
Even historically strong ZIP codes such as 80206 (Congress Park & Cherry Creek) and 80209 (Washington Park) saw negative growth, falling by -1.7% and -0.4%, respectively—although these areas still boast some of the highest median values in the city.
Deepest Decline: 80247
The most significant drop was observed in 80247, where home values plummeted by -7.5%, bringing the median value down to $291,460—making it one of the most affordable ZIP codes in the metro area.
A few ZIP codes bucked the trend with modest appreciation:
- 80111 (Greenwood Village) rose 0.5% to $951,617, retaining its status as a high-value enclave.
- 80209 (Washington Park) edged up 0.4%, with values surpassing $1 million.
- 80226 (Lakewood) stayed relatively stable with only a -0.8% decline.
These pockets of resilience suggest ongoing demand in premium and well-connected neighborhoods, even as broader market forces push prices downward.
