Cities with the Most Expensive Homes in Colorado
Purchasing a home is one of the most important investments a person can make. Beyond just a place to live, homeownership represents a valuable asset that can significantly appreciate over time. However, as home prices reach record highs, affordability has become a crucial concern for many buyers in today’s market.
As of August 2025, the typical home value in the United States was $363,946, which reflects a 0.0% change from the previous year. However, rising mortgage rates are affecting affordability, with the 30-year fixed mortgage rate currently at 6.26%, making monthly payments substantially more expensive.
While home prices have increased across the nation, certain cities in Colorado hold much higher price tags than others. Factors such as location, size, age, and condition of the property play significant roles in determining home values. According to data from Zillow, here’s a closer look at the cities in Colorado with the most expensive homes.
Top Expensive Housing Markets in Colorado
Denver-Aurora-Lakewood, CO
Topping the list, the Denver-Aurora-Lakewood metro area features 11 cities among the top 30 for home prices. This bustling urban environment combines a vibrant lifestyle with proximity to stunning mountain views, making it a highly desirable location.
Edwards, CO
With 5 cities featuring in the rankings, Edwards wins hearts with its picturesque scenery and outdoor recreational opportunities. It’s a prime spot for luxury listings, home to affluent communities drawn by the beauty of the Rockies.
Glenwood Springs, CO
This charming area also boasts 4 cities in the upper tier of home prices, offering a mix of small-town feel with upscale homes that capitalize on the natural landscape.
Boulder, CO
Along with Breckenridge and Steamboat Springs, Boulder claims 2 spots in the top 30. Known for its cultural scene and environmental consciousness, Boulder is not just a beautiful place to live—it’s a thriving hub for education and innovation.
Home Value Insights
Let’s dive into specific cities and their home values, including notable trends and price changes over the past year and five years.
30. Redstone
- Typical home value: $891,973
- 1-year price change: +0.7%
- 5-year price change: Data not available
- Metro area: Glenwood Springs, CO
29. Evergreen
- Typical home value: $895,358
- 1-year price change: -1.7%
- 5-year price change: +36.4%
- Metro area: Denver-Aurora-Lakewood, CO
28. Sedalia
- Typical home value: $898,741
- 1-year price change: +0.8%
- 5-year price change: +36.4%
- Metro area: Denver-Aurora-Lakewood, CO
27. Clark
- Typical home value: $912,394
- 1-year price change: +4.4%
- 5-year price change: +74.5%
- Metro area: Steamboat Springs, CO
26. Todd Creek
- Typical home value: $932,904
- 1-year price change: +0.4%
- 5-year price change: +36.5%
- Metro area: Denver-Aurora-Lakewood, CO
25. Larkspur
- Typical home value: $937,063
- 1-year price change: -0.6%
- 5-year price change: +40.2%
- Metro area: Denver-Aurora-Lakewood, CO
24. Boulder
- Typical home value: $940,250
- 1-year price change: -3.1%
- 5-year price change: +24.2%
- Metro area: Boulder, CO
23. Frisco
- Typical home value: $962,789
- 1-year price change: -3.9%
- 5-year price change: +33.9%
- Metro area: Breckenridge, CO
22. Eagle
- Typical home value: $1,009,470
- 1-year price change: +1.0%
- 5-year price change: +78.8%
- Metro area: Edwards, CO
21. Franktown
- Typical home value: $1,041,332
- 1-year price change: -1.0%
- 5-year price change: +35.4%
- Metro area: Denver-Aurora-Lakewood, CO
20. Foxfield
- Typical home value: $1,077,041
- 1-year price change: -1.9%
- 5-year price change: +38.1%
- Metro area: Denver-Aurora-Lakewood, CO
19. Niwot
- Typical home value: $1,088,158
- 1-year price change: -0.1%
- 5-year price change: +36.2%
- Metro area: Boulder, CO
18. Genesee
- Typical home value: $1,102,819
- 1-year price change: +0.6%
- 5-year price change: +40.8%
- Metro area: Denver-Aurora-Lakewood, CO
17. Breckenridge
- Typical home value: $1,163,985
- 1-year price change: -1.9%
- 5-year price change: +31.7%
- Metro area: Breckenridge, CO
16. Placerville
- Typical home value: $1,253,732
- 1-year price change: +1.2%
- 5-year price change: +57.3%
- Metro area: Not in a metro area
15. Avon
- Typical home value: $1,274,766
- 1-year price change: +0.7%
- 5-year price change: +97.7%
- Metro area: Edwards, CO
14. Steamboat Springs
- Typical home value: $1,287,924
- 1-year price change: +1.7%
- 5-year price change: +85.4%
- Metro area: Steamboat Springs, CO
13. Basalt
- Typical home value: $1,341,364
- 1-year price change: +0.5%
- 5-year price change: +80.1%
- Metro area: Edwards, CO
12. Greenwood Village
- Typical home value: $1,344,369
- 1-year price change: +2.0%
- 5-year price change: +50.1%
- Metro area: Denver-Aurora-Lakewood, CO
11. Carbondale
- Typical home value: $1,389,520
- 1-year price change: +3.7%
- 5-year price change: +86.4%
- Metro area: Glenwood Springs, CO
10. Crested Butte
- Typical home value: $1,428,375
- 1-year price change: +3.6%
- 5-year price change: +61.5%
- Metro area: Not in a metro area
9. Vail
- Typical home value: $1,627,773
- 1-year price change: -0.1%
- 5-year price change: +73.7%
- Metro area: Edwards, CO
8. Columbine Valley
- Typical home value: $1,641,353
- 1-year price change: -0.3%
- 5-year price change: +53.3%
- Metro area: Denver-Aurora-Lakewood, CO
7. Edwards
- Typical home value: $1,674,383
- 1-year price change: +1.7%
- 5-year price change: +126.0%
- Metro area: Edwards, CO
6. Mountain Village
- Typical home value: $1,999,226
- 1-year price change: +0.1%
- 5-year price change: +82.0%
- Metro area: Not in a metro area
5. Telluride
- Typical home value: $2,032,041
- 1-year price change: +3.7%
- 5-year price change: +82.0%
- Metro area: Not in a metro area
4. Bow Mar
- Typical home value: $2,154,160
- 1-year price change: +0.9%
- 5-year price change: +58.9%
- Metro area: Denver-Aurora-Lakewood, CO
3. Snowmass Village
- Typical home value: $2,175,328
- 1-year price change: +3.0%
- 5-year price change: +110.2%
- Metro area: Glenwood Springs, CO
2. Cherry Hills Village
- Typical home value: $2,975,945
- 1-year price change: +3.0%
- 5-year price change: +65.1%
- Metro area: Denver-Aurora-Lakewood, CO
1. Aspen
- Typical home value: $3,459,625
- 1-year price change: +0.4%
- 5-year price change: +67.3%
- Metro area: Glenwood Springs, CO
Each of these cities reflects the dynamic real estate landscape of Colorado, showcasing how demand for luxury homes continues to shape home values throughout the state. The appeal lies not just in the homes themselves, but also in the lifestyle, community, and natural beauty that each area offers.