Market Overview
Home Prices in Grand Lake, CO
The median home value in Grand Lake, CO is $780,401 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.5% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grand Lake are priced90% above average.
Over the past five years, Grand Lake home values have risen by approximately11.2%, reflecting steady appreciation in this market.
Price History
Grand Lake Home Price Trend
2020
$538,050
$538K
—
2021
$701,579
$702K
+30.4%
2022
$853,636
$854K
+21.7%
2023
$786,956
$787K
-7.8%
2024
$788,698
$789K
+0.2%
2025
$800,331
$800K
+1.5%
2026
$780,401
$780K
-2.5%
City Comparison
Grand Lake vs. National Median
🏠 Grand Lake
$780,401
National Median
$410,000
At $780,401, homes in Grand Lake cost 90% above the national median of $410,000. Buyers in Grand Lake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Grand Lake?
20% Down Payment
$156,080
on $780,401
Monthly P&I
$4,070/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,169/mo
incl. taxes & insurance
Income Needed
$206,760
gross annual (30% rule)
10% Down Option
$78,040
+ PMI applies
Loan Amount (20% dn)
$624,321
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 Grand Lake, CO?
The median home value in Grand Lake is $780,401 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.5% year-over-year.
How much have home prices changed in Grand Lake?
Over the past year, home values in Grand Lake have decreased by 2.5%. Over five years, prices have risen approximately 11.2%.
How much do I need to earn to buy a home in Grand Lake?
To comfortably afford the median home price of $780,401 with a 20% down payment ($156,080) at today's rates (6.8%), you'd need a gross annual income of approximately $206,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Grand Lake compare to the national average home price?
The national median home value is approximately $410,000. At $780,401, homes in Grand Lake are 90% above the national average.