Market Overview
Home Prices in Olney Springs, CO
The median home value in Olney Springs, CO is $168,858 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.9% compared to a year ago and up 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Olney Springs are priced59% below average.
Over the past five years, Olney Springs home values have fallen by approximately0.9%, reflecting softening conditions in this market.
Price History
Olney Springs Home Price Trend
2020
$129,234
$129K
—
2021
$170,439
$170K
+31.9%
2022
$197,781
$198K
+16.0%
2023
$174,551
$175K
-11.7%
2024
$177,226
$177K
+1.5%
2025
$177,539
$178K
+0.2%
2026
$168,858
$169K
-4.9%
City Comparison
Olney Springs vs. National Median
🏠 Olney Springs
$168,858
National Median
$410,000
At $168,858, homes in Olney Springs cost 59% below the national median of $410,000. This makes Olney Springs a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Olney Springs?
20% Down Payment
$33,772
on $168,858
Monthly P&I
$881/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,119/mo
incl. taxes & insurance
Income Needed
$44,760
gross annual (30% rule)
10% Down Option
$16,886
+ PMI applies
Loan Amount (20% dn)
$135,086
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 Olney Springs, CO?
The median home value in Olney Springs is $168,858 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.9% year-over-year.
How much have home prices changed in Olney Springs?
Over the past year, home values in Olney Springs have decreased by 4.9%. Over five years, prices have fallen approximately 0.9%.
How much do I need to earn to buy a home in Olney Springs?
To comfortably afford the median home price of $168,858 with a 20% down payment ($33,772) at today's rates (6.8%), you'd need a gross annual income of approximately $44,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Olney Springs compare to the national average home price?
The national median home value is approximately $410,000. At $168,858, homes in Olney Springs are 59% below the national average.