A computer illustration showing a rising trend line, stock market listings and cash falling from the sky.
(Photo provided by Gigafact.)

Yes.

Colorado’s median single-family home price was $220,000 higher than the U.S. median price in 2024, the most recent year for which national data is available. 

The state’s 2024 median home price, $580,000, was 73% higher than its median price of $335,000 in 2016. The national median increased by 76% during the same period. 

The most expensive markets in the state for prospective home buyers are Pitkin County, San Miguel County and Summit County, all home to major ski resorts including Aspen, Telluride and Breckenridge. Median single-family home prices in these counties are roughly $8.3 million, $3 million and $2.7 million, respectively, as of April.

Colorado’s median home price rose to $600,000 as of May, and the income required to afford basic living expenses is among the highest in the country.

This fact brief is responsive to conversations such as this one.

The Colorado Sun partners with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. Read our methodology to learn how we check claims.

Sources

Type of Story: Fact-Check

Checks a specific statement or set of statements asserted as fact.

Cassis Tingley is a Denver-based freelance journalist. She’s spent the last three years covering topics ranging from political organizing and death doulas in the Denver community to academic freedom and administrative accountability at the University of Denver, where she earned her bachelor’s in journalism and international studies in 2024. Her...