Denver, CO 80204 Real Estate Market Report

ZIP Code: 80204
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Denver, CO (ZIP: 80204) is characterized by a median sold price of $599,949.50, reflecting a stable environment despite recent modest downward pressure on prices. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics. Elevated interest rates are contributing to this trend, as buyers experience increased borrowing costs, which may be tempering price growth and overall market activity.

The current market conditions show elevated inventory levels, suggesting that buyers have more negotiating power. The median days on market stands at 210 days, indicating a slower sales velocity. This extended time frame for properties on the market may suggest a cautious buyer sentiment, as they navigate through elevated interest rate pressure and a more balanced market temperature. Overall, the landscape remains stable, but with signs of softening in both pricing and rental demand.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Denver CO are around 5.98% APR compared to recent 2026 origination rates closer to 6.375% APR, presenting a cost opportunity for refinancing.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $599,949.50 reflects a stable market, despite a decrease of 8% since 2022.

2. With a median days on market of 210, the market is experiencing slower sales velocity, indicating potential buyer hesitance.

3. Elevated inventory levels suggest excess supply relative to sales activity, providing buyers with increased negotiating leverage.

4. The median market rent is $1,856, which has also seen a down trend, reflecting softened rental demand.

5. Current interest rates are around 5.98% APR, contributing to elevated interest rate pressure that may further impact buyer activity.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.