Westminster Home Prices: $508K, Down 3% — 5 ZIPs Analyzed (2026)
Prices dropped for the twelfth month in a row. The average home price in Westminster, CO sits at $508,324 as of February 2026, down 3% from a year earlier. The decline has been steady, not sharp — values slipped from $523,949 last March to today’s number with no monthly gain in between.
Quick answer: The average home price in Westminster, CO is $508,324 as of February 2026, down 3% year over year according to Zillow.
Current Home Prices in Westminster
Westminster sits inside the Denver-Aurora-Lakewood metro, and its prices reflect the broader cooling across Colorado’s Front Range. The typical home now costs less than it did in spring 2025, and the city’s five ZIP codes show a $120,000 spread between the cheapest and most expensive areas.
| Metric | Value |
|---|---|
| Median home price | $508,324 |
| Year-over-year change | -3.0% |
| Cheapest ZIP | $435,416 (80030) |
| Most expensive ZIP | $555,595 (80021) |
| ZIP codes tracked | 5 |
| Latest data | February 2026 |
What does this mean for buyers? A 3% drop on a half-million-dollar home is about $15,700 in price relief. That’s real money, but it’s not a crash. The trend has been slow and grinding rather than sudden — the kind of decline that wears down sellers who priced too high in 2024 and now have to negotiate.
For sellers, the message is harder. Homes are worth less than they were 12 months ago, and the monthly data shows no sign of a bottom. February 2026 was the lowest reading in over a year.
Westminster Home Prices by Neighborhood
The five Westminster ZIP codes split into three tiers: one clear top, one clear bottom, and three middle-of-the-pack areas clustered between $500K and $530K.
| ZIP Code | Median Home Price | Median Rent |
|---|---|---|
| 80021 | $555,595 | $1,817 |
| 80003 | $528,172 | $1,726 |
| 80234 | $520,385 | $1,629 |
| 80031 | $502,051 | $2,170 |
| 80030 | $435,416 | $1,373 |
Most Expensive
80021 tops the list at $555,595 — roughly $47,000 above the city median and about $120,000 above the cheapest ZIP. Rent here runs $1,817, suggesting strong owner demand keeps prices elevated even as values cool elsewhere.
80003 comes in second at $528,172, with rents of $1,726. The price-to-rent ratio here is one of the higher ones in the city, which usually points to homeowner-heavy housing stock.
80234 rounds out the top three at $520,385, paired with the second-lowest rent in Westminster at $1,629.
Most Affordable
80030 is the cheapest ZIP by a wide margin at $435,416. Rent here is also the lowest at $1,373 — both numbers sit roughly 14% below the city average, pointing to older or smaller housing stock.
80031 ranks second-cheapest for purchase at $502,051, but its $2,170 rent is the highest in Westminster. That mismatch is unusual and may reflect a younger renter base in newer rental construction.
Rent vs Buy in Westminster
The math leans hard toward renting right now.
The average rent across Westminster’s five ZIPs is about $1,743 per month. Compare that to buying: with 20% down on the $508,324 median home, a buyer borrows about $407,000. At a 7% 30-year fixed rate, the principal and interest payment runs roughly $2,710 a month — and that’s before property taxes, insurance, and HOA fees, which typically add $400 to $600 monthly in this part of Colorado.
| Cost | Monthly |
|---|---|
| Average rent (Westminster) | $1,743 |
| Mortgage payment (P&I, 20% down) | $2,710 |
| Estimated total ownership cost | $3,200+ |
The gap is roughly $1,450 a month between renting and owning. Over a year, that’s $17,400 — more than the home is losing in value annually.
For buyers who plan to stay 7+ years, the math can flip in favor of ownership through equity buildup and tax benefits. For buyers planning to move within 3 years, the falling prices and high carrying costs make renting the safer call right now.
The widest rent-to-price gap is in 80031, where rents hit $2,170 against a $502K median price. That’s the ZIP where renting penalty is smallest — and where buying makes the most relative sense.
Population Growth and Migration
Westminster lost residents over the past four years. The city had 116,653 people in 2020 and 115,302 in 2024 — a 1.2% decline. That’s the opposite direction from every comparable city in Colorado.
| Year | Population |
|---|---|
| 2020 | 116,653 |
| 2021 | 115,127 |
| 2022 | 115,002 |
| 2023 | 115,334 |
| 2024 | 115,302 |
The drop happened mostly between 2020 and 2022. The city has stabilized since then but has not recovered the lost residents.
Compare that to nearby cities:
| City | 2024 Population | 4-Year Growth |
|---|---|---|
| Greeley | 114,363 | +4.6% |
| Aurora | 403,130 | +4.2% |
| Thornton | 146,689 | +3.2% |
| Colorado Springs | 493,554 | +2.5% |
| Denver | 729,019 | +1.6% |
| Westminster | 115,302 | -1.2% |
Thornton — Westminster’s immediate northern neighbor — grew 3.2% in the same period. Aurora grew 4.2%. Westminster is the outlier.
Slow population is part of why prices are falling. Less demand from new arrivals means fewer competing offers, and that puts downward pressure on values. The 3% price drop and the 1.2% population decline are connected.
Westminster Housing Market Trends
The 12-month trend shows a slow, consistent decline with no rebound months.
| Month | Average Price |
|---|---|
| March 2025 | $523,949 |
| April 2025 | $520,595 |
| May 2025 | $517,112 |
| June 2025 | $514,244 |
| July 2025 | $511,842 |
| August 2025 | $510,801 |
| September 2025 | $510,698 |
| October 2025 | $510,970 |
| November 2025 | $510,951 |
| December 2025 | $510,679 |
| January 2026 | $509,878 |
| February 2026 | $508,324 |
Prices fell sharpest in spring and summer 2025, dropping nearly $13,000 between March and August. The market then went nearly flat from August through December — values held in a narrow $300 band for five months. Then the slide resumed in January and February.
Total decline: $15,625 over 12 months. That’s a steady leak, not a burst pipe.
Is Westminster a Good Place to Buy in 2026?
It depends on your timeline. The data points to a buyer’s market: prices are down, the trend is still negative, and the population isn’t growing to push demand back up. Sellers have less room to push back than they did 18 months ago.
If you plan to stay long-term — say 7+ years — buying at today’s lower prices makes sense, especially if mortgage rates fall and let you refinance later. The cheapest ZIP, 80030, offers the best entry price at $435,416.
If you’re short-term, the math is harder. Owning costs about $1,450 more per month than renting before factoring in maintenance and selling costs. With prices still drifting down, you could lose equity faster than you build it.
For investors, ZIP 80031 stands out: $2,170 rent against a $502K median price gives one of the better gross rent yields in the city.
Westminster Housing Market Outlook for 2026-2027
If the current pace continues, Westminster prices could fall another 1% to 2% over the next six months. The 3-month trend (December to February) shows a $2,355 drop, suggesting the market has not yet found its bottom.
The flat stretch between August and December 2025 hinted at stabilization, but January and February both posted fresh declines. That breaks the case for an imminent recovery.
What could change the picture? A meaningful drop in mortgage rates would bring buyers back fast — Westminster’s median is well within reach for households with $130K-plus incomes once rates ease. Population growth in nearby Thornton and Aurora may also spill over if those markets get too expensive.
The 12-month trend shows a market cooling, not collapsing. Expect more of the same through summer 2026 unless rates move significantly.
Similar Markets in CO
If Westminster’s prices feel high or its population trend gives you pause, these nearby Colorado cities offer different tradeoffs:
- Thornton — Westminster’s immediate neighbor to the north, with stronger population growth.
- Aurora — much larger and faster-growing, with a broader range of price points.
- Denver — the metro core, typically more expensive but with deeper housing stock.
- Lakewood — west-side suburb with similar size and price profile to Westminster.
- Centennial — south metro option known for newer construction.
Frequently Asked Questions
What is the average home price in Westminster?
The average home price in Westminster, CO is $508,324 as of February 2026. That figure covers five ZIP codes inside the city, ranging from $435,416 in 80030 to $555,595 in 80021.
Are home prices going up or down in Westminster?
Down. Westminster home values have dropped 3% over the past 12 months, falling from $523,949 in March 2025 to $508,324 in February 2026. The decline has been steady — every month in the past year posted a lower or flat reading than the month before.
Is it cheaper to rent or buy in Westminster?
Renting. The average rent across Westminster’s five ZIPs is about $1,743 a month. A mortgage on the median-priced home runs roughly $2,710 in principal and interest alone at current rates, plus another $400 to $600 in taxes and insurance. The monthly gap is around $1,450 in favor of renting.
What is the most affordable neighborhood in Westminster?
ZIP 80030 is the cheapest at $435,416 — about $73,000 below the city median. It also has the lowest average rent at $1,373, suggesting older or smaller housing stock that keeps both purchase and rental costs down.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.