Ca±on City housing market
Typical home value
$334K
▼ 1.2% 1 yr
Typical rent
$1,354/mo
▲ 4.5% 1 yr
12-month forecast
+1.6%
#343 of 546 metros
Gross rent yield
4.9%
#425 of 546 · U.S. 6.3%
Days to pending
93 days
▲ +2 days 1 yr
Listings with a price cut
28%
▲ +1.1 pts 1 yr
Key takeaways
- 1The typical home is worth $333,913, down 1.2% in a year and up 14% over five years.
- 2Zillow forecasts home values rising 1.6% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,354/mo (+4.5% YoY), a 4.9% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,835/mo in principal and interest, $481 more than renting.
- 5Homes go under contract in 93 days (+2 days vs last year); 28% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Ca±on City compares
| Measure | Ca±on City | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −1.2% | +1.2% | #502 |
| Home value, 5-yr change | +14.3% | +19.7% | |
| 12-month forecast | +1.6% | +1.1% | #343 |
| Rent, 1-yr change | +4.5% | +2.7% | #150 |
| Gross rent yield | 4.9% | 6.3% | #425 |
| Price-to-rent ratio | 20.6 | 15.8 | |
| Mortgage P&I on typical home | $1,835 | $2,012 | |
| Days to pending | 93 | 56 |
Cities in the Ca±on City metro
1 cities with home value and rent data.
| Canon City | $326K | ▼ 1.8% | $1,365 | ▲ 5.9% | 5.0% |
Run the numbers
Rental property calculator
Cash flow on a typical Ca±on City rental ($334K, $1,354/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Ca±on City home.
Rent vs buy
Is it cheaper to rent or buy in Ca±on City?
Other Colorado metros
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Boulder, CO
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Greeley, CO
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Grand Junction, CO
$429K home$1,730 rent4.8% yield
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Glenwood Springs, CO
$979K home$3,111 rent3.8% yield
▲ 4.8% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.