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New - 4 Hours Ago
Lockheed Martin is adding up to 1,250 jobs in Colorado over the next four years, at its campuses in Littleton and Highlands Ranch. Governor Jared Polis announced the expansion on October 8, 2026: up to 450 jobs in Douglas County and the rest at the Waterton Canyon campus in Jefferson County. If you are moving here for one of these jobs, or you own a home in Littleton, Highlands Ranch, Lakewood or Castle Rock, here is what the hiring means for home prices, payments and your next move.
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1,250 New Lockheed Martin jobs Over four years, Douglas and Jefferson counties | 450 Jobs in Douglas County Plus 190,000 more square feet in Highlands Ranch |
1,092 Homes for sale today Littleton (876) and Highlands Ranch (216), Oct 10 | $3,575 Monthly payment on a $550,000 home 5% down, 7.28% 30-year fixed, principal and interest |
What Lockheed Martin announced
Lockheed Martin Space will hire cybersecurity engineers, software engineers, technicians and administrative staff at the two campuses it already runs south of Denver. Douglas County says its site off C-470 and Kendrick Castillo Way in Highlands Ranch gets up to 450 of the jobs and 190,000 square feet of new space. The rest go to the Waterton Canyon campus in Littleton, which The Gazette reports already holds 8,000 workers. Lockheed Martin has worked in Jefferson County since 1955 and is the county's largest primary employer, KRDO reports, with 12,000 employees across Colorado.
Douglas County will rebate its share of the business personal property tax on Lockheed Martin's equipment. The company still pays full property tax on its land and buildings, and the rebate is written into the county's proposed 2027 budget.
| Detail | Douglas County | Jefferson County |
|---|---|---|
| Campus | Off C-470 and Kendrick Castillo Way, Highlands Ranch | Waterton Canyon, Littleton |
| New jobs | Up to 450 | The rest of the 1,250 |
| New space | 190,000 square feet | Existing campus |
| Timeline | Four years | Four years |
How this affects you
Buyers. New hires start looking for homes near the two campuses, and that adds competition in the price ranges engineers shop. Today 331 Littleton homes are listed between $400,000 and $650,000, averaging $543,047 and 68 days on market. Get pre-approved now with Colorado home financing and run your numbers on the Colorado mortgage calculator so you write the first strong offer, not the fifth.
Sellers. Littleton homes average 74 days on market and Highlands Ranch homes 66, so buyers still hold the upper hand today. 1,250 new paychecks over four years shift that, starting with homes close to C-470 and Wadsworth. Get your free home value report and price to the buyers who arrive first.
Homeowners. Steady hiring supports values near the campuses. The median Highlands Ranch sale is $705,000 in our October Highlands Ranch market report. If you plan to move up, read how to sell and buy at the same time in Colorado.
The Colorado market. Metro Denver closed 2,849 homes in September, the fewest of any September since 2008 (see our report on the 2008 low). New jobs are the demand this market is missing. 1,250 jobs against 1,092 homes for sale in Littleton and Highlands Ranch puts the southwest metro ahead of the rest of the Front Range.
What to watch out for
- Relocation package deadlines. Relocation benefits carry deadlines and repayment terms. Get them in writing from HR before you sign a lease or a contract.
- Commute claims in listings. Drive the route at 7 AM before you write an offer. Waterton Canyon sits at the far southwest edge of Littleton.
- HOA and metro district fees. Many Highlands Ranch and Littleton neighborhoods carry both. Add them to your payment before you compare homes.
- Rental scams. New-hire waves draw fake rental listings. Never wire a deposit for a home you have not walked through.
- Waiting for the rate. Waiting trades a rate for a price once hiring heats up. Read why lenders expect 7.5% through 2027.
Homes for sale near the Lockheed Martin campuses
Homes for sale on October 10, 2026, by area
| Area | Homes for sale | Average list price | Average days on market |
|---|---|---|---|
| Littleton (all) | 876 | $777,545 | 74 |
| Littleton 80127 | 183 | $704,536 | 65 |
| Littleton 80128 | 145 | $729,661 | 68 |
| Littleton 80125 (Waterton Canyon) | 173 | $1,184,672 | 85 |
| Highlands Ranch | 216 | $719,440 | 66 |
| Lakewood | 441 | $581,622 | 75 |
| Centennial | 272 | $678,243 | 64 |
| Lone Tree | 82 | $1,023,640 | 70 |
| Castle Rock | 573 | $1,003,748 | 83 |
| Parker | 595 | $872,848 | 75 |
Counts are active listings on kennarealestate.com on October 10, 2026. Lower price points sit in Littleton homes under $400K, Lakewood homes under $400K, Littleton townhomes and Highlands Ranch townhomes. Want a brand-new home? See Littleton new construction and Highlands Ranch new construction.
What a home near Waterton Canyon costs each month
A $550,000 Littleton home with 5% down is $3,575 a month in principal and interest at 7.28%, the Freddie Mac 30-year average for the week of October 1, 2026. With 20% down it is $3,011. Property tax, homeowners insurance, HOA dues and mortgage insurance come on top. See this week's number on Colorado mortgage rates and the cash you need on closing costs in Colorado.
| Home price | 3.5% down (FHA) | 5% down | 20% down |
|---|---|---|---|
| $450,000 | $2,971 | $2,925 | $2,463 |
| $550,000 | $3,631 | $3,575 | $3,011 |
| $650,000 | $4,292 | $4,225 | $3,558 |
| $720,000 | $4,754 | $4,680 | $3,941 |
Principal and interest only, 30-year fixed at 7.28%. Short on cash for the down payment? Look at CHFA down payment assistance, the $1,000 cash-to-close program and assumable mortgage homes with a lower rate attached. Ask the seller to cover a rate buydown: see seller concessions for Colorado buyers.
New to Colorado for the job? Start here
- Read the area guide. Moving to Denver covers the neighborhoods, costs and commute basics.
- Get pre-approved before you fly in. A Colorado pre-approval from your lender lets you write an offer on a house-hunting trip.
- Rent first if your start date is close. Littleton rent-to-own homes put you in a home while your credit and cash catch up.
- Follow the step-by-step plan. Our Colorado home buyers guide walks you from pre-approval to keys.
