Gardner, CO 81040 housing market

What this means

• Prices. Home values are down 2.8% over the past year (U.S.: +1.2%), 7% below their 2022-23 peak.
• Supply. Listings are 2% below the 2017-19 norm and rising (+33% vs. a year ago), close to pre-pandemic levels.
• Negotiating. Buyer leverage is high (94/100; U.S.: 54): homes sell for about 5.8% below their final list price; 11% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 72% of the median household income (U.S.: 35%); it takes about $75k a year to keep the payment at 30% of gross pay. That includes about $2,144 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $183 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. No clear direction: likely −9% to +8% over the next 12 months (54% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −8.7% to +7.6% (80% range; middle estimate +0.6%), chance of a rise 54%, of a 5%+ drop 20%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

Other ZIP codes in Huerfano County, CO