Market Overview
Home Prices in Canon City, CO
The median home value in Canon City, CO is $335,544 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.8% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Canon City are priced18% below average. Canon City is part of the Ca±on City, CO metro area.
Over the past five years, Canon City home values have risen by approximately18.8%, reflecting steady appreciation in this market.
Price History
Canon City Home Price Trend
City Comparison
Canon City vs. National Median
At $335,544, homes in Canon City cost 18% below the national median of $410,000. This makes Canon City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Canon City?
20% Down Payment
$67,109
on $335,544
Monthly P&I
$1,750/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,223/mo
incl. taxes & insurance
Income Needed
$88,920
gross annual (30% rule)
10% Down Option
$33,554
+ PMI applies
Loan Amount (20% dn)
$268,435
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Canon City, CO?
The median home value in Canon City is $335,544 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.8% year-over-year.
How much have home prices changed in Canon City?
Over the past year, home values in Canon City have decreased by 1.8%. Over five years, prices have risen approximately 18.8%.
How much do I need to earn to buy a home in Canon City?
To comfortably afford the median home price of $335,544 with a 20% down payment ($67,109) at today's rates (6.8%), you'd need a gross annual income of approximately $88,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Canon City compare to the national average home price?
The national median home value is approximately $410,000. At $335,544, homes in Canon City are 18% below the national average.
What metro area is Canon City part of?
Canon City is part of the Ca±on City, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.