Market Overview
Home Prices in Empire, CO
The median home value in Empire, CO is $365,393 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.4% compared to a year ago and down 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Empire are priced11% below average. Empire is part of the Denver-Aurora-Lakewood, CO metro area.
Over the past five years, Empire home values have risen by approximately0.0%, reflecting softening conditions in this market.
Price History
Empire Home Price Trend
City Comparison
Empire vs. National Median
At $365,393, homes in Empire cost 11% below the national median of $410,000. This makes Empire a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Empire?
20% Down Payment
$73,079
on $365,393
Monthly P&I
$1,906/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,421/mo
incl. taxes & insurance
Income Needed
$96,840
gross annual (30% rule)
10% Down Option
$36,539
+ PMI applies
Loan Amount (20% dn)
$292,314
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 Empire, CO?
The median home value in Empire is $365,393 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.4% year-over-year.
How much have home prices changed in Empire?
Over the past year, home values in Empire have decreased by 3.4%. Over five years, prices have risen approximately 0.0%.
How much do I need to earn to buy a home in Empire?
To comfortably afford the median home price of $365,393 with a 20% down payment ($73,079) at today's rates (6.8%), you'd need a gross annual income of approximately $96,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Empire compare to the national average home price?
The national median home value is approximately $410,000. At $365,393, homes in Empire are 11% below the national average.
What metro area is Empire part of?
Empire is part of the Denver-Aurora-Lakewood, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.