🏦 Mortgage Calculators Colorado

How Much House Can I Afford in Colorado?

Find out how much house you can afford in Colorado with 0.51% property tax. Uses 28/36 rule with Colorado-specific data.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Colorado Quick Facts

4.4% Income Tax Rate

0.51% Property Tax Rate

$82,254 Median Income

105.1 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Calculates home affordability in Colorado using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Colorado's effective property tax rate of 0.51% and average home insurance of $2,820/year. Median home price in Colorado: $530,000.

Key State Information

Colorado housing market: Median home price $530,000 | Property tax rate 0.51% | Avg home insurance $2,820/yr | Median household income $82,254. Homes are expensive relative to income.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Zillow, Tax Foundation

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much house can I afford on the median income in Colorado?

With Colorado's median household income of $82,254 and a 10% down payment, you can typically afford a home priced around $287,889-$370,143 depending on debts and interest rates. The median home in Colorado costs $530,000.

What is the property tax rate in Colorado?

Colorado's effective property tax rate is 0.51%. On a $530,000 home, that's approximately $2,703/year or $225/month.