2026 data · 0.51% property tax · Median home $479,900
Colorado Mortgage Calculator
A median-priced home in Colorado ($479,900) costs roughly $3,074 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Colorado's effective property tax rate is 0.51% — well below the US average of about 1.0%.
Colorado median-home monthly payment
$3,074/mo
P&I $2,554 · Tax $204 · Insurance $316
@ $479,900 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Colorado
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $85 | $132 | $1,281 |
| $300,000 | $60,000 | $1,597 | $128 | $198 | $1,922 |
| $400,000 | $80,000 | $2,129 | $170 | $263 | $2,562 |
| $479,900 (state median) | $95,980 | $2,554 | $204 | $316 | $3,074 |
| $500,000 | $100,000 | $2,661 | $213 | $329 | $3,203 |
| $750,000 | $150,000 | $3,992 | $319 | $494 | $4,804 |
Calculations use Colorado's 0.51% effective property tax rate, estimated homeowners insurance at 0.79%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Colorado property tax
Effective rate
0.51%
Median home value
$479,900
Median property tax
$2,470/yr
Colorado property tax rates are below the national average, but high home values mean median bills are substantial. Senior homestead exemption available at 65+.
See our property tax calculator for a state-by-state property tax breakdown, and our Colorado paycheck calculator to estimate take-home pay against this monthly housing cost.
Colorado vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Colorado (this page) | 0.51% | $479,900 | $2,470 | |
| Wyoming | 0.55% | $291,100 | $1,580 | Wyoming mortgage → |
| Nebraska | 1.57% | $210,100 | $3,340 | Nebraska mortgage → |
| Kansas | 1.31% | $191,800 | $2,510 | Kansas mortgage → |
| Oklahoma | 0.85% | $174,600 | $1,470 | Oklahoma mortgage → |
FAQs about Colorado mortgages
What is the property tax rate in Colorado?
Colorado's effective property tax rate is 0.51%, meaning the average homeowner pays roughly 0.51% of their home's value in property tax annually. On a $479,900 home (the state median), that's about $2,470 per year, or $206 per month added to your mortgage payment.
What is the average monthly mortgage payment in Colorado?
For a home at Colorado's median value of $479,900, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Colorado's 0.51% property tax + estimated insurance, the typical monthly PITI payment is approximately $3,074. This includes $2,554 principal & interest, $204 property tax, and $316 homeowners insurance.
How much income do I need to buy a house in Colorado?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $131,743 to comfortably afford Colorado's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $85,786 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Colorado a good state to buy a house?
Colorado's combination of 0.51% property tax (well below the national average of ~1.0%) and median home value of $479,900 place it in the mid-range of state housing markets nationally. Colorado property tax rates are below the national average, but high home values mean median bills are substantial.
How does Colorado property tax compare to neighboring states?
Colorado's 0.51% rate compares to: Wyoming at 0.55%, Nebraska at 1.57%, Kansas at 1.31%, Oklahoma at 0.85%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Colorado have a homestead exemption?
Colorado property tax rates are below the national average, but high home values mean median bills are substantial. Senior homestead exemption available at 65+.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Colorado mortgage, the breakdown on a median-priced home would be: Principal & Interest $2,554, Property Tax $204, Homeowners Insurance $316. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.