Fairplay, Colorado, is experiencing notable shifts in its housing market, with trends affecting both buyers and renters. As of April 2026, the median listing price for homes stands at $742,000, reflecting a slight year-over-year decrease of 0.40%. The median sold price is $633,750, marking a more significant decline of 14.65% compared to the previous year. Homes are spending a median of 68 days on the market, indicating a relatively cool market where properties take longer to sell.
For renters, options are limited, with only four rental properties currently available. This scarcity can lead to increased competition and potentially higher rental prices. The median rent in Fairplay is $2,166, which is above the national average.
Upcoming Developments
Several development projects are underway to address housing needs and community growth:
Mustang Ridge
Located within Fairplay’s town limits, Mustang Ridge is a 43-acre development focusing on energy-efficient housing and low-impact development practices. The project includes trails and park spaces designed to integrate with the town’s infrastructure.
Castello Homes
Summit Habitat for Humanity is constructing deed-restricted, single-family homes in Fairplay. These three-bedroom, two-bathroom homes, approximately 1,200 square feet each, aim to provide affordable housing options for qualified buyers. Completion is expected in 2026.
CDOT Workforce Housing
In partnership with Fading West Development, the Colorado Department of Transportation (CDOT) is developing 12 single-family homes for its employees. This initiative addresses the housing challenges faced by workers in mountain communities.
Fairplay Mixed-Use Development
A 10.72-acre Planned Unit Development has been approved, featuring a mix of single-family homes, duplexes, townhomes, and apartments totaling 149 dwellings. This project aims to offer diverse housing options to meet the community’s needs.
These developments reflect Fairplay’s proactive approach to accommodating growth and providing a range of housing options for its residents.