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Featured local agent — Monument, CO
Sarah Mitchell
Compass Real Estate · Monument, CO
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Monument, CO Housing Market
The typical home in Monument, CO is worth $747,980, fell 2.4% over the past year (Zillow Home Value Index, August 2026). On the supply and pace-of-sale data we hold, Monument is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $747,980 home is about $3,993/mo in principal and interest.
Key numbers for Monument, CO
Typical home value
$747,980
-2.4% in 12 months
Zillow, August 2026
Typical asking rent
$2,053/mo
Zillow Observed Rent Index
Zillow, August 2026
Active listings
116
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$114,654
Home costs 6.5x income
U.S. Census ACS, 2023
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Monument a buyer's or seller's market?
Monument, CO is a balanced market. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Monument housing market data show?
Every row below is Redfin's final published month for Monument, CO. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median list price | $695,000 |
| Active inventory | 116 listings |
| New listings (that month) | 45 |
| Listings with a price cut | 36.2% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Monument is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Monument is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Monument home prices moved?
We hold fewer than three months of sale history for Monument, CO, which is not enough to draw a trend line without misleading you. The Zillow value figures above are the current read for this city.
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What does it cost to buy a home in Monument?
Priced off the typical home value of $747,980 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $149,596 | $598,384 | $3,993/mo |
| 5% | $37,399 | $710,581 | $4,742/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,993, that implies roughly $171,134 a year before you add taxes and insurance. The median household in Monument earns $114,654, about $56,480 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 6.5x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Monument in the next 12 months?
Tell us your timeline. We send the Monument market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Monument?
Typical asking rent in Monument, CO is $2,053/mo, against a typical home value of $747,980. That is a price-to-rent ratio of 30.4x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $3,993 a month — $1,940 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Monument?
Active listings in Monument, CO went from 115 in May 2025 to 116 in May 2026, a +0.9% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 118 | 31 |
| July 2025 | 120 | 31 |
| August 2025 | 124 | 28 |
| September 2025 | 107 | 9 |
| October 2025 | 105 | 29 |
| November 2025 | 99 | 16 |
| December 2025 | 81 | 11 |
| January 2026 | 69 | 16 |
| February 2026 | 81 | 38 |
| March 2026 | 93 | 40 |
| April 2026 | 108 | 55 |
| May 2026 | 116 | 45 |
Redfin, through May 2026
How does Monument compare to Colorado and the U.S.?
We do not hold a Colorado statewide row for the same period as Monument, so a side-by-side would be comparing two different months. The Colorado housing market hub shows every city we do track, and the comparison tool puts any two markets next to each other.
What to do next in Monument
What buyers should watch
- The share of listings cutting price, currently 36.2%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $749 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $747,980 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- Your equity moved -2.4% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Monument varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Monument
There are currently 116 homes listed for sale in Monument, Colorado. The median listing price is $695K.
Active listings
116
Homes on market
Median list price
$695K
New this week
45
Newly listed
Who lives in Monument?
American Community Survey estimates for Monument. U.S. Census ACS, 2023
Population
11,035
Households
3,958
Median income
$114,654/yr
Median age
38 years
Owner-occupied
78.5%
Median home value
$586,400
Median gross rent
$1,947/mo
Mean commute
30.5 min
78.5% of occupied homes in Monument are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $586,400 against Zillow's $747,980 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,947/mo, below Zillow's $2,053/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Monument?
8 schools tracked · 5,325 students
The largest public schools serving Monument, CO by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lewis-Palmer High School
Grades 9-12 · 1,171 students
Palmer Ridge High School
Grades 9-12 · 1,103 students
Bear Creek Elementary School
Grades PK-6 · 789 students
Lewis-Palmer Middle School
Grades 7-8 · 782 students
Monument Charter Academy
Grades PK-5 · 649 students
Lewis-Palmer Elementary School
Grades PK-6 · 417 students
Prairie Winds Elementary School
Grades PK-6 · 370 students
Education reEnvisioned School
Grades K-12 · 44 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Monument, CO?
Ordered by distance from Monument, not by size. Compare Monument side by side with any of them.
Monument housing market FAQ
Is Monument a buyer's or seller's market?
Monument, CO is currently a balanced market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Monument?
The typical home in Monument, CO is worth $747,980 (Zillow Home Value Index, August 2026).
Is Monument cheaper than the rest of Colorado?
We do not currently hold a statewide comparison row for Colorado at the same period as Monument, so we are not going to assert a comparison we cannot show the math on. The Colorado hub lists every city we do track.
How long do homes take to sell in Monument?
We do not hold a days-on-market figure for Monument, CO. Redfin stopped publishing its public market tracker in June 2026, so this metric is frozen wherever it exists and missing where it never landed.
What income do you need to buy a home in Monument?
At the current 30-year fixed rate of 7.03%, 20% down on a $747,980 home is about $3,993 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $171,134 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $114,654.
Are home prices rising in Monument?
The typical home value in Monument, CO fell 2.4% over the last 12 months, from $766,391 to $747,980 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Monument?
Monument ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Monument?
That depends on your timeline, not on a headline. What the data says today: Monument, CO is a balanced market, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 30.4x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $747,980, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.