The story of this market
The typical home in ZIP 80421 sells for about $565,000, or $313 per square foot.
Prices are roughly flat from a year ago (+0.1%), a market in balance. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $3,260 a month.
ZIP 80421 — Bailey
The housing market in 80421 is cooling as inventory levels rise and properties spend longer on the market. While pricing remains resilient, buyers are gaining increased negotiating leverage in a shift toward more balanced conditions. This transition is moving the area away from the high-velocity seller's market seen in previous cycles.
This area fits outdoor enthusiasts and remote workers seeking a mountain lifestyle. It is less suitable for those requiring proximity to major urban employment cores or extensive public services.
Median prices moved up 0.1% year over year.
Homes spend a median of 64 days on market with 0.0 months of supply — a balanced-paced market.
34% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.9% · poverty 5.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 80421, Park County CO
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is a rural, unincorporated mountain community with low-volume crime data reflecting its dispersed, residential character. Occasional high-profile incidents have occurred in the region historically.
The ZIP is served by the Platte Canyon School District, which maintains modest ratings and focuses on serving a geographically dispersed student population in the mountain foothills.
The area faces significant wildfire risk typical of the Colorado Front Range mountain interface. Property insurance availability and premiums are sensitive to these environmental factors.
Development momentum is largely tied to small-scale residential growth and tourism. There are no major corporate headquarters or large-scale infrastructure projects currently driving rapid urbanization.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Colorado) — Statutory Agricultural Land Reclassification and Improvement Valuation: Under C.R.S. § 39-1-102(1.6)(a)(I), up to two acres of land directly underlying a residential improvement on agricultural parcels are segregated and assessed at residential rates (6.80% / 7. State (Colorado) — Senior and Disabled Veteran Property Tax Homestead Exemption: Exempts 50% of the first $200,000 of actual market value of the qualifying primary residential parcel from property taxation (a maximum actual value deduction of $100,000). State (Colorado) — Colorado Split Residential Property Tax Assessment Rate Structure: Imposes annual ad valorem property taxes determined using a bifurcated assessment rate system. Assessed Value = Actual (Market) Value × Assessment Rate. Beginning for tax years 2025/2026, residential property is assessed at 6.
Residents are largely commuters to the Denver metro area, with typical one-way commute times exceeding 40 minutes via U.S. Highway 285.
The area offers abundant access to national forests, hiking and biking trails, and proximity to the South Platte River for fishing. Retail is limited to essential services in downtown Bailey.
Rental market depth is limited and primarily consists of single-family homes. High vacancy rates exist in some pockets due to seasonal and vacation usage.
The economy is largely service-based and small-business oriented, with a significant portion of residents telecommuting or employed in the Denver metro area.
Transportation is primarily reliant on U.S. Highway 285 as the main corridor for commuting to the Denver metro area.
Development is constrained by geography and zoning, with minimal large-scale pipeline activity currently reported.
Includes local fire protection and school districts; special district taxes are common for mountain property maintenance.
The market is challenging due to wildfire risk, often resulting in high premiums or the necessity of utilizing state-backed insurance plans.
Data retrieved from census.gov and local market reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Evergreen Lake House4.617.7 mi
- Cactus Jack's Saloon & Grill4.218 mi
- Little Bear Saloon4.318.1 mi
- Woodlands4.916.1 mi
- Sit N Bull Saloon4.319.4 mi
- Staunton State Park4.88.7 mi
- Maxwell Falls Trailhead4.712.4 mi
- Buffalo Creek Mountain Bike Parking4.79.6 mi
- Reynolds Park Trailhead4.712.5 mi
- Flying J Ranch Park Trailhead4.712.6 mi
- Mestaa’Ėhehe Mountain Fire Lookout4.819.9 mi
- Hiwan Heritage Park & Museum4.718.4 mi
- King's Emporium & Mercantile4.88.9 mi
- Staunton State Park4.88.7 mi
- Maxwell Falls Trailhead4.712.4 mi
- Pine Valley Ranch Park4.85.8 mi
- Buffalo Creek Mountain Bike Parking4.79.6 mi
- Reynolds Park Trailhead4.712.5 mi
- Safeway4.212.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A notable historic area within the region.
A historic mountain resort serving the area.
A well-known local landmark in Bailey.
Provides significant access for fishing and recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.