Market Overview
Home Prices in Central City, CO
The median home value in Central City, CO is $406,053 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.3% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Central City are priced1% below average. Central City is part of the Denver-Aurora-Lakewood, CO metro area.
Over the past five years, Central City home values have risen by approximately4.5%, reflecting modest growth in this market.
Price History
Central City Home Price Trend
City Comparison
Central City vs. National Median
At $406,053, homes in Central City cost 1% below the national median of $410,000. This makes Central City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Central City?
20% Down Payment
$81,211
on $406,053
Monthly P&I
$2,118/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,690/mo
incl. taxes & insurance
Income Needed
$107,600
gross annual (30% rule)
10% Down Option
$40,605
+ PMI applies
Loan Amount (20% dn)
$324,842
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 Central City, CO?
The median home value in Central City is $406,053 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.3% year-over-year.
How much have home prices changed in Central City?
Over the past year, home values in Central City have decreased by 5.3%. Over five years, prices have risen approximately 4.5%.
How much do I need to earn to buy a home in Central City?
To comfortably afford the median home price of $406,053 with a 20% down payment ($81,211) at today's rates (6.8%), you'd need a gross annual income of approximately $107,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Central City compare to the national average home price?
The national median home value is approximately $410,000. At $406,053, homes in Central City are 1% below the national average.
What metro area is Central City part of?
Central City is part of the Denver-Aurora-Lakewood, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.