What $700K Buys in Westminster 80031 in 2026: About 2,857 Square Feet at $3,847 a Month

Oct 24

Quick answer: At Redfin's $245 median price per square foot for the three months ending September 2026, $700,000 buys about 2,857 square feet in Westminster 80031, about 858 more than the $489,856 median home. At Freddie Mac's 7.32% average as of October 22, 2026, that price runs about $3,847 a month with 20% down.

By Katerina Veteskova, Colorado real estate broker license FA.100082955, eXp Realty, LLC

Westminster 80031 is one of the places where a $700,000 budget sits well above the typical sale. The median home there sold for $489,856, so a buyer at $700,000 is shopping the upper part of the zipcode, where the extra money mostly turns into extra space. Here is how much space, what it costs each month and how quickly those homes are moving.

Market figures are Redfin's for the 80031 zipcode, three months ending September 2026, checked October 24, 2026. They cover every home type, from condos to detached homes, so treat the per-foot math as an estimate, not an appraisal.

How much house does $700K buy in Westminster 80031?

About 2,857 square feet at the $245 median per-foot price, against about 1,999 square feet at the $489,856 median.

That is roughly 858 more square feet for $210,144 more than the median, about 42.9% above it. Per-foot prices in 80031 rose 1.9% over the year while the median sale price fell 7.5%, which suggests recent sales leaned toward smaller homes rather than cheaper space. Older homes, newer builds and homes on larger lots can land far from the median rate, so use these as rough estimates. Start with the 80031 Westminster homes from $700,000 search, which opens at $700,000, and the Westminster $700K to $1M search for the citywide band.

$700,000 at $245 a foot: about 2,857 square feet
$489,856 median at $245 a foot: about 1,999 square feet
$1,000,000 at $245 a foot: about 4,082 square feet

What is the monthly payment on a $700K home in 80031?

About $3,847 in principal and interest with 20% down, or about $4,568 with 5% down, at 7.32%.

With 20% down the cash is $140,000 on a $560,000 loan. With 5% down it is $35,000 on a $665,000 loan, and a conventional loan at that size usually adds mortgage insurance. For comparison, the $489,856 median runs about $2,692 a month with 20% down, so the step up to $700,000 adds about $1,155 a month. Freddie Mac's 30-year average fell from 7.40% the week before, which trimmed the payment slightly. Treat the rate as a reference point, not a quote.

$700,000, 20% down: $140,000 cash, about $3,847 a month
$700,000, 5% down: $35,000 cash, about $4,568 a month
$489,856 median, 20% down: about $97,971 cash, about $2,692 a month

How competitive is Westminster 80031 right now?

Very competitive: Redfin gives 80031 a Compete Score of 77, with 2 offers on average and a median 29 days on market, down from 41 a year earlier.

The median sale-to-list ratio was 98.9%, and 24.1% of homes sold above list, up 5.0 points. At the same time, 47.1% of homes had a price drop. Redfin says hot homes go pending in around 12 days, while the average home takes around 29. Sales slowed, with 118 homes sold in September 2026 against 136 a year earlier, down 13.0%. For a $700,000 buyer, that mix means the well-priced homes still move in under two weeks, and the overpriced ones sit and get cut.

Median days on market: 29
Median sale-to-list: 98.9%
Homes sold above list: 24.1%
Homes with price drops: 47.1%
Homes sold in September 2026: 118

Does $700K go further in 80031 than in Broomfield 80020 or Arvada 80002?

Yes, of the zipcodes I compared: at Redfin's median per-foot prices, $700,000 buys about 2,857 square feet in 80031, about 2,692 in 80020 and about 2,303 in 80002.

Broomfield 80020 sold at a $574,831 median and $260 a foot, and Arvada 80002 at a $577,330 median and $304 a foot, both for the same three months. So 80031 has the lowest median and the lowest per-foot price of the three, and the same $700,000 reaches further there. If you want to see those homes side by side, open the 80020 Broomfield homes from $700K and the 80002 Arvada homes from $700K searches, then the Broomfield $700K to $1M and the Arvada $700K to $1M bands.

80031: $489,856 median, $245 a foot, about 2,857 square feet for $700,000
80020: $574,831 median, $260 a foot, about 2,692 square feet
80002: $577,330 median, $304 a foot, about 2,303 square feet

Where should a $700K Westminster search start?

Start with the 80031 search above, then widen to the Westminster homes from $700K search for the whole city and the Front Range $700K to $1M band for nearby cities.

Every search on this site starts at $700,000, so these pages show the part of 80031 a $700,000 budget is shopping. If your budget reaches $1.2 million, use the Westminster homes from $1.2M and the Front Range homes from $1.2M searches. At $1,000,000 with 20% down, the payment is about $5,495 a month. The trading up guide walks through moving up from a smaller home, and the relocating to Boulder County and the US-36 corridor guide helps if you are coming from out of state.

How do you confirm schools and records for an 80031 address?

Ask the district that serves the address, since a zipcode does not set school assignment.

The Adams 12 school finder and the Jeffco articulation areas lookup cover addresses in those two districts. I check the assigned schools and the county parcel record for square footage before we write an offer.

Is $700K the right budget for Westminster 80031?

It fits if you want more space than the typical 80031 home and about $3,847 a month plus tax and insurance sits comfortably in your plan.

Choose the $700,000 band in 80031 if:

You want about 2,857 square feet at the median per-foot rate
You can bring $140,000 down, or carry about $4,568 a month with 5% down
You are ready to move within about 12 days on a well-priced home

Choose a budget nearer the $489,856 median if:

About 2,000 square feet covers what you need
You would rather keep the payment near $2,692 a month
You want room in the budget for HOA or metro district dues

Broker view: "At $700,000 in 80031 you are buying space more than location within the zipcode. I compare square footage, layout and light room by room, because the homes at this price differ far more than the median suggests." - Katerina Veteskova, eXp Realty, LLC

What this guide does not cover: property tax bills, homeowners insurance quotes, mortgage insurance premiums, HOA and metro district dues, closing costs, and FHA, VA or CHFA terms. I can run any of these for a specific 80031 home.

Sources: Redfin 80031, 80020 and 80002 zipcode housing market pages, three months ending September 2026, checked October 24, 2026. Rate: Freddie Mac PMMS, 7.32% for the 30-year as of October 22, 2026. Square-foot and payment figures are my own arithmetic from those numbers.

Want to see what $700,000 buys on a specific 80031 street? Call or text 720-646-4685, or request a tour.

Frequently asked questions

How many square feet does $700,000 buy in Westminster 80031?

About 2,857 square feet at Redfin's $245 median price per square foot for the three months ending September 2026. The $489,856 median sale price works out to about 1,999 square feet at that rate.

What is the monthly payment on a $700,000 home in 80031?

About $3,847 in principal and interest with 20% down, or about $4,568 with 5% down, at Freddie Mac's 7.32% average 30-year rate as of October 22, 2026. Tax, insurance and any HOA dues are extra.

How fast are Westminster 80031 homes selling?

Redfin's median days on market was 29 for the three months ending September 2026, down 12 days from 41 a year earlier, with 118 homes sold in September.

Does $700,000 buy more space in 80031 than in Broomfield 80020 or Arvada 80002?

Yes, of the zipcodes I compared. At Redfin's median per-foot prices, $700,000 buys about 2,857 square feet in 80031, about 2,692 in 80020 and about 2,303 in 80002.

Katerina Veteskova is a Colorado real estate broker (license FA.100082955) with eXp Realty, LLC. Call or text 720-646-4685, or request a tour.

Nick Ahrens