Market Overview
Home Prices in Ouray, CO
The median home value in Ouray, CO is $699,917 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and down 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ouray are priced71% above average. Ouray is part of the Montrose, CO metro area.
Over the past five years, Ouray home values have risen by approximately30.4%, reflecting strong long-term appreciation in this market.
Price History
Ouray Home Price Trend
City Comparison
Ouray vs. National Median
At $699,917, homes in Ouray cost 71% above the national median of $410,000. Buyers in Ouray should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Ouray?
20% Down Payment
$139,983
on $699,917
Monthly P&I
$3,650/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,636/mo
incl. taxes & insurance
Income Needed
$185,440
gross annual (30% rule)
10% Down Option
$69,992
+ PMI applies
Loan Amount (20% dn)
$559,934
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 Ouray, CO?
The median home value in Ouray is $699,917 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Ouray?
Over the past year, home values in Ouray have increased by 4.4%. Over five years, prices have risen approximately 30.4%.
How much do I need to earn to buy a home in Ouray?
To comfortably afford the median home price of $699,917 with a 20% down payment ($139,983) at today's rates (6.8%), you'd need a gross annual income of approximately $185,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Ouray compare to the national average home price?
The national median home value is approximately $410,000. At $699,917, homes in Ouray are 71% above the national average.
What metro area is Ouray part of?
Ouray is part of the Montrose, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.