Market Overview
Home Prices in Cortez, CO
The median home value in Cortez, CO is $348,930 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.6% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cortez are priced15% below average.
Over the past five years, Cortez home values have risen by approximately27.9%, reflecting strong long-term appreciation in this market.
Price History
Cortez Home Price Trend
2020
$235,688
$236K
—
2021
$272,903
$273K
+15.8%
2022
$328,818
$329K
+20.5%
2023
$328,563
$329K
-0.1%
2024
$335,583
$336K
+2.1%
2025
$343,435
$343K
+2.3%
2026
$348,930
$349K
+1.6%
City Comparison
Cortez vs. National Median
🏠 Cortez
$348,930
National Median
$410,000
At $348,930, homes in Cortez cost 15% below the national median of $410,000. This makes Cortez a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cortez?
20% Down Payment
$69,786
on $348,930
Monthly P&I
$1,820/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,311/mo
incl. taxes & insurance
Income Needed
$92,440
gross annual (30% rule)
10% Down Option
$34,893
+ PMI applies
Loan Amount (20% dn)
$279,144
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 Cortez, CO?
The median home value in Cortez is $348,930 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.6% year-over-year.
How much have home prices changed in Cortez?
Over the past year, home values in Cortez have increased by 1.6%. Over five years, prices have risen approximately 27.9%.
How much do I need to earn to buy a home in Cortez?
To comfortably afford the median home price of $348,930 with a 20% down payment ($69,786) at today's rates (6.8%), you'd need a gross annual income of approximately $92,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Cortez compare to the national average home price?
The national median home value is approximately $410,000. At $348,930, homes in Cortez are 15% below the national average.