Elizabeth, Colorado.
Typical home $658,515 (-3.6% in a year). Denver-Aurora-Lakewood, CO metro.
to buy the typical home at today's mortgage rate — +$1,632 (+89%) since Jan 2020.
- 1 year
- Down $24,343 -4%
- $682,858$658,515 since Sep 2025
- 5 years
- Up $25,860 +4%
- $632,655$658,515 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.
- Elizabeth$3,456
- Colorado$2,777
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 87 years.
Typical home values in Elizabeth, CO fell 3.6% over the past year — slower than the nation's +1.2%.
Living in Elizabeth, Elbert County, Colorado
Elizabeth is a town of 1,675 people in Elbert County. Half its households earn more than $112,986 a year and half less, against $132,685 across Elbert County; 2% of its people live below the poverty line. 94% of its homes are lived in by their owners and 6% are rented. Unemployment in Elbert County was 4.0% in August 2026, and the county had 5.1% more jobs in 2025 than the year before. The most residents work in schools and health care, then construction.
Written by AI Claude Sonnet 5.5 wrote this on 24 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 It can be wrong or out of date.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. Elizabeth is a small town with a younger population than most places, and nearly everyone owns the home they live in. Incomes in town run below the county's, though very few residents live below the poverty line. Winters are cold and snowy, with January the coldest month, while summers are warm in July, and the year brings a fairly modest amount of rain and melted snow.
Work. Residents work mostly in schools, hospitals and social care, with building trades, shops and media and telecoms also employing many. Across Elbert County, the Elizabeth School District, Walmart and Safeway are among the largest workplaces. The typical commute is a long one, and some residents work from home.
Things to do. In or beside town, Rambler Ranch is a museum worth a visit. A short drive away, Castlewood Canyon State Park is a protected area for walking and being outdoors. Farther afield, Roxborough State Park is another protected area, and Chatfield Reservoir offers water and open space, both a longer drive away.
Report a mistake
- 796households
- 2%below the poverty line
- 40 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. Elbert County had 5,138 jobs in 2025, 5.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 43° and lows near 18°; warmest in July, with highs near 85° and lows near 56°. About 75 inches of snow and 19 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Elizabeth 2NW weather station, 2 miles away (NOAA).
Largest workplaces in Elbert County
- Elizabeth School DistrictSchool district362FTE
- WalmartWarehouse clubs and supercenters194
- SafewaySupermarkets and other grocery stores90
- Big Sandy School District No. 100JSchool district62FTE
- Twin Rivers DeliveryCourier services57
- School District No. C-2 in the county of Elbert and State ofSchool district53FTE
- ViaflexTank lining contractors52
- Elbert School District No. 200School district50FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 8 workplaces with 20 or more staff, 529 people in all across the county; Elizabeth has two of its own. School districts come from the Common Core of Data (NCES, 2023–24); 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
- WildfireRelatively high
- HailRelatively high
- Winter weatherRelatively high
- LightningRelatively high
- Cold wavesRelatively moderate
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Elizabeth’s census tracts, 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 Elbert County and the Denver-Aurora-Lakewood, CO metro.
Elizabeth home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Elizabeth$658,515
- Colorado$529,013
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Elizabeth listings, and the typical home goes pending in 64 days — the market is cooling.
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.
- Elizabeth38.86%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Elizabeth64
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Elizabeth148
New listings per month
Sellers arriving at the market.
- Elizabeth28
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Elizabeth$633,739
- United States$371,407
Zip codes with a Elizabeth address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Elizabeth — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.