Market Overview
Home Prices in Monument, CO
The median home value in Monument, CO is $761,332 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.1% compared to a year ago and up 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monument are priced86% above average. Monument is part of the Colorado Springs, CO metro area.
Over the past five years, Monument home values have risen by approximately13.2%, reflecting steady appreciation in this market.
Price History
Monument Home Price Trend
City Comparison
Monument vs. National Median
At $761,332, homes in Monument cost 86% above the national median of $410,000. Buyers in Monument should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Monument?
20% Down Payment
$152,266
on $761,332
Monthly P&I
$3,971/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,043/mo
incl. taxes & insurance
Income Needed
$201,720
gross annual (30% rule)
10% Down Option
$76,133
+ PMI applies
Loan Amount (20% dn)
$609,066
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 Monument, CO?
The median home value in Monument is $761,332 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.1% year-over-year.
How much have home prices changed in Monument?
Over the past year, home values in Monument have decreased by 1.1%. Over five years, prices have risen approximately 13.2%.
How much do I need to earn to buy a home in Monument?
To comfortably afford the median home price of $761,332 with a 20% down payment ($152,266) at today's rates (6.8%), you'd need a gross annual income of approximately $201,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Monument compare to the national average home price?
The national median home value is approximately $410,000. At $761,332, homes in Monument are 86% above the national average.
What metro area is Monument part of?
Monument is part of the Colorado Springs, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.