| State: | CO |
| Type: | CO |
| Route: | 127 |
| Map: | Colorado State Highway 127 Map.svg |
| Map Notes: | Map of Jackson County in northern Colorado with SH 127 highlighted in red |
| Length Mi: | 9.2 |
| Length Round: | 1 |
| Length Ref: | [1] |
| Direction A: | South |
| Terminus A: | north of Cowdrey |
| Direction B: | North |
| Terminus B: | at the Wyoming state line |
| Counties: | Jackson |
| Previous Type: | CO |
| Previous Route: | 125 |
| Next Type: | CO |
| Next Route: | 128 |
State Highway 127 (SH 127) is a 9.202adj=midNaNadj=mid state highway in far northern Colorado.
SH 127 begins in the south at its junction with SH 125 roughly four miles north of Cowdrey and proceeds generally northeast to the Wyoming state line where it becomes Wyoming Highway 230 towards Laramie, WY.