Drake, Colorado.
Typical home $493,640 (-2.1% in a year). Fort Collins, CO metro.
to buy the typical home at today's mortgage rate — +$1,239 (+92%) since Jan 2020.
- 1 year
- Down $10,443 -2%
- $504,083$493,640 since Sep 2025
- 5 years
- Up $32,671 +7%
- $460,969$493,640 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Drake$2,591
- Colorado$2,777
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 51 years.
Typical home values in Drake, CO fell 2.1% over the past year — slower than the nation's +1.2%.
Living in Drake, Larimer County, Colorado
The Census does not count Drake on its own, so the figures here are Larimer County's. Half the county's households earn more than $93,765 a year and half less; 11% of the county's people live below the poverty line. 64% of the county's homes are lived in by their owners and 36% are rented. Unemployment in Larimer County was 4.4% in August 2026, and the county had 2.3% fewer jobs in 2025 than the year before. The most people in Larimer County work in schools and health care, then professional services.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Drake is a town in Larimer County in northern Colorado, where the foothills of the Rocky Mountains begin to rise. Winters are cold and bring a good deal of snow, while summers are warm, with a moderate amount of rain across the year. Across the county, most homes are lived in by their owners.
Work. Many residents work in schools, hospitals and social care, professional and business services, shops, and restaurants, hotels and entertainment. Across Larimer County, most adults hold a college degree, and the number of jobs fell slightly over the past year while unemployment rose from a year earlier.
Things to do. Lake Estes, a reservoir, is a short drive away and is the easiest outing from town. Rocky Mountain National Park, the best known of the nearby sights, is a longer drive away, and Chasm Falls, a waterfall, is also a longer drive.
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- 154,232households
- 36.8median age
- 53%of adults have a degree
- 11%below the poverty line
- 23 mintypical commute
- 21%work from home
What people in Larimer County work in
Employed residents by industry, from the Census survey. Larimer County had 171,281 jobs in 2025, 2.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 43° and lows near 16°; warmest in July, with highs near 87° and lows near 55°. About 40 inches of snow and 17 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Waterdale weather station, 9 miles away (NOAA).
Largest workplaces in Larimer County
- Poudre School District R-1School district4,316FTE
- Poudre Valley HospitalGeneral hospital2,153FTE
- Thompson School District R-2JSchool district2,153FTE
- Medical Center of the RockiesGeneral hospital1,402FTE
- BroadcomSemiconductor devices manufacturing1,307
- Hach CompanyLaboratory analytical instruments manufacturing1,300
- Woodward Lincoln CampusSemidiesel engines manufacturing1,250
- WalmartGeneral warehousing and storage1,180
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 254 workplaces with 20 or more staff, 32,761 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LightningVery high
- Winter weatherVery high
- HailRelatively high
- WildfireRelatively high
- Cold wavesRelatively high
- AvalanchesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Larimer County, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Larimer County and the Fort Collins, CO metro.
Drake home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Drake$493,640
- Colorado$529,013
- United States$366,157
Sellers are cutting prices on about 1 in 3 Drake listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Drake30.89%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Drake41
New listings per month
Sellers arriving at the market.
- Drake5
Zip codes with a Drake address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Drake — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Drake
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 80515 | Drake | 934 | — | $466,273 |
| 80532 | Glen Haven | 185 | — | $547,830 |