Market Overview
Home Prices in Severance, CO
The median home value in Severance, CO is $498,190 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.2% compared to a year ago and down 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Severance are priced22% above average. Severance is part of the Greeley, CO metro area.
Over the past five years, Severance home values have risen by approximately8.2%, reflecting steady appreciation in this market.
Price History
Severance Home Price Trend
City Comparison
Severance vs. National Median
At $498,190, homes in Severance cost 22% above the national median of $410,000. Buyers in Severance should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Severance?
20% Down Payment
$99,638
on $498,190
Monthly P&I
$2,598/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,299/mo
incl. taxes & insurance
Income Needed
$131,960
gross annual (30% rule)
10% Down Option
$49,819
+ PMI applies
Loan Amount (20% dn)
$398,552
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 Severance, CO?
The median home value in Severance is $498,190 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.2% year-over-year.
How much have home prices changed in Severance?
Over the past year, home values in Severance have decreased by 4.2%. Over five years, prices have risen approximately 8.2%.
How much do I need to earn to buy a home in Severance?
To comfortably afford the median home price of $498,190 with a 20% down payment ($99,638) at today's rates (6.8%), you'd need a gross annual income of approximately $131,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Severance compare to the national average home price?
The national median home value is approximately $410,000. At $498,190, homes in Severance are 22% above the national average.
What metro area is Severance part of?
Severance is part of the Greeley, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.