Market Overview
Home Prices in Erie, CO
The median home value in Erie, CO is $732,095 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.2% 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 Erie are priced79% above average. Erie is part of the Greeley, CO metro area.
Over the past five years, Erie home values have risen by approximately11.0%, reflecting steady appreciation in this market.
Price History
Erie Home Price Trend
2020
$564,126
$564K
—
2021
$659,651
$660K
+16.9%
2022
$810,487
$810K
+22.9%
2023
$757,525
$758K
-6.5%
2024
$758,730
$759K
+0.2%
2025
$748,386
$748K
-1.4%
2026
$732,095
$732K
-2.2%
City Comparison
Erie vs. National Median
🏠 Erie
$732,095
National Median
$410,000
At $732,095, homes in Erie cost 79% above the national median of $410,000. Buyers in Erie should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Erie?
20% Down Payment
$146,419
on $732,095
Monthly P&I
$3,818/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,849/mo
incl. taxes & insurance
Income Needed
$193,960
gross annual (30% rule)
10% Down Option
$73,210
+ PMI applies
Loan Amount (20% dn)
$585,676
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 Erie, CO?
The median home value in Erie is $732,095 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.2% year-over-year.
How much have home prices changed in Erie?
Over the past year, home values in Erie have decreased by 2.2%. Over five years, prices have risen approximately 11.0%.
How much do I need to earn to buy a home in Erie?
To comfortably afford the median home price of $732,095 with a 20% down payment ($146,419) at today's rates (6.8%), you'd need a gross annual income of approximately $193,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Erie compare to the national average home price?
The national median home value is approximately $410,000. At $732,095, homes in Erie are 79% above the national average.
What metro area is Erie part of?
Erie is part of the Greeley, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.