Market Overview
Home Prices in Paonia, CO
The median home value in Paonia, CO is $474,289 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Paonia are priced16% above average.
Over the past five years, Paonia home values have risen by approximately27.0%, reflecting strong long-term appreciation in this market.
Price History
Paonia Home Price Trend
2020
$309,017
$309K
—
2021
$373,579
$374K
+20.9%
2022
$436,911
$437K
+17.0%
2023
$425,375
$425K
-2.6%
2024
$442,163
$442K
+3.9%
2025
$461,266
$461K
+4.3%
2026
$474,289
$474K
+2.8%
City Comparison
Paonia vs. National Median
🏠 Paonia
$474,289
National Median
$410,000
At $474,289, homes in Paonia cost 16% above the national median of $410,000. Buyers in Paonia should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Paonia?
20% Down Payment
$94,858
on $474,289
Monthly P&I
$2,474/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,142/mo
incl. taxes & insurance
Income Needed
$125,680
gross annual (30% rule)
10% Down Option
$47,429
+ PMI applies
Loan Amount (20% dn)
$379,431
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 Paonia, CO?
The median home value in Paonia is $474,289 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in Paonia?
Over the past year, home values in Paonia have increased by 2.8%. Over five years, prices have risen approximately 27.0%.
How much do I need to earn to buy a home in Paonia?
To comfortably afford the median home price of $474,289 with a 20% down payment ($94,858) at today's rates (6.8%), you'd need a gross annual income of approximately $125,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Paonia compare to the national average home price?
The national median home value is approximately $410,000. At $474,289, homes in Paonia are 16% above the national average.