Market Overview
Home Prices in Elbert, CO
The median home value in Elbert, CO is $751,496 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.9% compared to a year ago and down 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elbert are priced83% above average. Elbert is part of the Denver-Aurora-Lakewood, CO metro area.
Over the past five years, Elbert home values have risen by approximately6.7%, reflecting steady appreciation in this market.
Price History
Elbert Home Price Trend
City Comparison
Elbert vs. National Median
At $751,496, homes in Elbert cost 83% above the national median of $410,000. Buyers in Elbert should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Elbert?
20% Down Payment
$150,299
on $751,496
Monthly P&I
$3,919/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,977/mo
incl. taxes & insurance
Income Needed
$199,080
gross annual (30% rule)
10% Down Option
$75,150
+ PMI applies
Loan Amount (20% dn)
$601,197
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 Elbert, CO?
The median home value in Elbert is $751,496 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.9% year-over-year.
How much have home prices changed in Elbert?
Over the past year, home values in Elbert have decreased by 1.9%. Over five years, prices have risen approximately 6.7%.
How much do I need to earn to buy a home in Elbert?
To comfortably afford the median home price of $751,496 with a 20% down payment ($150,299) at today's rates (6.8%), you'd need a gross annual income of approximately $199,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Elbert compare to the national average home price?
The national median home value is approximately $410,000. At $751,496, homes in Elbert are 83% above the national average.
What metro area is Elbert part of?
Elbert is part of the Denver-Aurora-Lakewood, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.