Market Overview
Home Prices in Craig, CO
The median home value in Craig, CO is $310,372 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Craig are priced24% below average. Craig is part of the Craig, CO metro area.
Over the past five years, Craig home values have risen by approximately39.7%, reflecting strong long-term appreciation in this market.
Price History
Craig Home Price Trend
2020
$197,673
$198K
—
2021
$222,224
$222K
+12.4%
2022
$260,313
$260K
+17.1%
2023
$283,083
$283K
+8.7%
2024
$293,116
$293K
+3.5%
2025
$303,990
$304K
+3.7%
2026
$310,372
$310K
+2.1%
City Comparison
Craig vs. National Median
🏠 Craig
$310,372
National Median
$410,000
At $310,372, homes in Craig cost 24% below the national median of $410,000. This makes Craig a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Craig?
20% Down Payment
$62,074
on $310,372
Monthly P&I
$1,619/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,056/mo
incl. taxes & insurance
Income Needed
$82,240
gross annual (30% rule)
10% Down Option
$31,037
+ PMI applies
Loan Amount (20% dn)
$248,298
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 Craig, CO?
The median home value in Craig is $310,372 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Craig?
Over the past year, home values in Craig have increased by 2.1%. Over five years, prices have risen approximately 39.7%.
How much do I need to earn to buy a home in Craig?
To comfortably afford the median home price of $310,372 with a 20% down payment ($62,074) at today's rates (6.8%), you'd need a gross annual income of approximately $82,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Craig compare to the national average home price?
The national median home value is approximately $410,000. At $310,372, homes in Craig are 24% below the national average.
What metro area is Craig part of?
Craig is part of the Craig, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.