Canon City, CO housing market
Typical home value
$326K
▼ 1.8% 1 yr
Typical rent
$1,365/mo
▲ 5.9% 1 yr
Gross rent yield
5.0%
U.S. 6.3%
5-year home value change
+14%
U.S. +20%
Key takeaways
- 1The typical home in Canon City is worth $326,429, down 1.8% over the past year and up 14% over five years.
- 2Typical rent is $1,365 a month (+5.9% YoY), a gross rent yield of 5.0% (above the Ca±on City, CO metro's 4.9%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,794/mo, $429 more than typical rent.
- 4Zillow forecasts the Ca±on City, CO metro's home values to change +1.6% over the next 12 months.
Market temperature (Ca±on City, CO metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 32/100, #422 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Canon City compares
| Measure | Canon City | Ca±on City, CO metro | United States |
|---|---|---|---|
| Typical home value | $326,429 | $333,913 | $366,157 |
| Home value, 1-yr change | −1.8% | −1.2% | +1.2% |
| Typical rent | $1,365 | $1,354 | $1,932 |
| Rent, 1-yr change | +5.9% | +4.5% | +2.7% |
| Gross rent yield | 5.0% | 4.9% | 6.3% |
| Price-to-rent ratio | 19.9 | 20.6 | 15.8 |
| Mortgage P&I, typical home | $1,794 | $1,835 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Canon City rental, pre-filled.
Rent vs buy in Canon City
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $326K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.