Market Overview
Home Prices in Oak Creek, CO
The median home value in Oak Creek, CO is $686,000 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oak Creek are priced67% above average. Oak Creek is part of the Steamboat Springs, CO metro area.
Over the past five years, Oak Creek home values have risen by approximately41.4%, reflecting strong long-term appreciation in this market.
Price History
Oak Creek Home Price Trend
City Comparison
Oak Creek vs. National Median
At $686,000, homes in Oak Creek cost 67% above the national median of $410,000. Buyers in Oak Creek should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Oak Creek?
20% Down Payment
$137,200
on $686,000
Monthly P&I
$3,578/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,544/mo
incl. taxes & insurance
Income Needed
$181,760
gross annual (30% rule)
10% Down Option
$68,600
+ PMI applies
Loan Amount (20% dn)
$548,800
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 Oak Creek, CO?
The median home value in Oak Creek is $686,000 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Oak Creek?
Over the past year, home values in Oak Creek have increased by 2.1%. Over five years, prices have risen approximately 41.4%.
How much do I need to earn to buy a home in Oak Creek?
To comfortably afford the median home price of $686,000 with a 20% down payment ($137,200) at today's rates (6.8%), you'd need a gross annual income of approximately $181,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Oak Creek compare to the national average home price?
The national median home value is approximately $410,000. At $686,000, homes in Oak Creek are 67% above the national average.
What metro area is Oak Creek part of?
Oak Creek is part of the Steamboat Springs, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.