According to a Washington Post analysis of home value data between February 2024 and February 2025 from the mortgage technology division of Intercontinental Exchange, home prices in and around Denver were relatively stable — but a few neighborhoods saw huge price increases or major decreases in home value.
In Denver proper, every zip code either decreased in price or experienced an increase of less than 2.5 percent, showing the market’s return to normal since the booms experienced from the 2010s to the COVID-19 pandemic in 2020.
According to a recent market trends report from the Denver Metro Association of Realtors, the median sale price in the metro peaked in April 2022 at $616,500. By March 2025, the median sale price had dropped to $599,000.
The report added that Denver had one of the highest jumps in inventory nationwide between February and March 2025 and is the thirteenth most friendly market to buyers right now.
Still, the Washington Post analysis uncovered leaps in home prices in Denver suburbs like Golden, Cherry Hills and Lafayette.
Here are the metro Denver ZIP Codes where home prices have seen the biggest drops and jumps over the last year.
Denver Area ZIP Codes With Biggest Drops
1. 80247 (Windsor)Average home value: $292,000
Change: -7.4 percent
This Denver neighborhood sandwiched between Glendale and Aurora saw the biggest drop in home price over the last year with a home value of about half the Denver median sale price right now. According to Zillow, there are just eleven single-family homes for sale in this zip code, but 210 options if townhomes, condos and apartments are included.
2. 80203 (Capitol Hill)
Average home value: $425,000
Change: -5.9 percent
Spoiler alert: many of the zip codes that dropped the most are in Capitol Hill. Homes in this area tend to be on the older and smaller side, but Cap Hill’s prime location adjacent to downtown Denver and many of the city’s cultural attractions makes the drop in home values somewhat surprising.
3. 80014 (Aurora)
Average home value: $377,000
Change: -4 percent
This zip code sits near Cherry Creek State Park in Aurora, Denver’s neighbor to the east. Those who get a steal on a home in this zip code can also enjoy some of Westword’s favorite places in Aurora like Nick’s Garden Center and Skate City.
T-4. 80218 (Capitol Hill)
Average home value: $595,000
Change: -3.6 percent
This zip code sits just to the east of the 80203 zip code. While prices dropped in this part of Cap Hill, homes are still valued at the median Denver sale price, so it’s not exactly an area where deals are to be found.
T-4. 80202 (Downtown Denver)
Average home value: $595,000
Change: -3.6 percent
Downtown Denver’s office vacancy rate spiked at the end of 2024 and it seems home prices are responding to the decrease in activity in Denver’s city center. There is just one single-family home listed on Zillow in this zip code right now, with around 200 condos and townhomes.
Denver Area Zip Codes With the Biggest Jumps
1. 80403 (Arvada, Jefferson County)Average home value: $926,000
Change: +5.5 percent
The zip code where home values grew the most sits at the foothills of the Rocky Mountains, which checks out since high rollers who want land and privacy are typically the ones buying homes here. These days, the average home in this area is valued at nearly $1 million.
2. 80401 (Golden, Lakewood)
Average home value: $854,000
Change: +5.1 percent
Right next to the zip code with the highest jump in home price in the last year, the second-place zip code also borders Red Rocks Amphitheatre. More in the city than in the foothills, this area has boomed in recent years. There are just 120 homes available in this zip code, according to Zillow.
3. 80007 (Arvada)
Average home value: $897,000
Change: +5 percent
A large portion of this zip code is the Rocky Flats National Wildlife Refuge, which was a former nuclear weapons plant and EPA Superfund site before being remediated and turned into a recreational area. Though there are always people sounding the alarm about remaining contamination in the area, there are also lots of brand new homes and growing residential developments.
4. 80113 (Cherry Hills Village)
Average home value: $927,000
Change: +4.5 percent
Cherry Hills is known as the home of Denver’s fancy and famous, including Peyton Manning and Denver Nuggets executive Josh Kroenke. The sense of security, large lots and stately homes have only gained value in the last year. In 2024, six of the ten most expensive home sales in metro Denver occurred in Cherry Hills.
5. 80026 (Lafayette)
Average home value: $749,000
Change: +3.3 percent
Generally, Lafayette has been considered Boulder-lite. The suburban neighborhood is home to families who may work in Boulder but don’t make enough money to live there. But the last year has been better for Lafayette’s home values as Boulder’s home prices decreased and Lafayette’s made gains. Little brother, no more?
