The typical owner-occupied home in Byers is worth about $402,100, 25% below the Colorado median of $539,400 and 21% above the national median of $332,700. Owners pay a median $1,661 a year in property taxes, about 0.41% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $93,571 a year, so the median home costs 4.3 times the median income (5.6 times for Colorado). 84% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Byers at a glance
| Byers | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $402,100 | $539,400 | $332,700 |
| Median property tax paid per year | $1,661 | $2,602 | $3,119 |
| Property tax as a share of value | 0.41% | 0.48% | 0.94% |
| Median household income | $93,571 | $95,470 | $80,734 |
| Homes lived in by their owners | 84% | 66% | 65% |
| Owner homes with a mortgage | 73% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,309 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 22.1% | 21.0% |
| Median rent | $1,551 | $1,761 | $1,413 |
| Rent as a share of renters' income | 24.6% | 31.4% | 30.6% |
| Median year homes were built | 1983 | 1988 | 1980 |
| Vacant homes | 6.7% | 8.3% | 10.1% |
| Population | 1,726 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Byers
At this week's average 30-year rate of 7.11%, buying the median Byers home of $402,100 with 20% down costs about $2,469 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,139, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $105,810 for the 20%-down payment. That payment is 32% of the median Byers household income of $93,571; at that income and 20% down, the 28% guideline points to a home of about $356,000.
The median rent here is $1,551 a month, so owning the median home costs about $918 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $80,420 |
|---|---|
| Loan amount | $321,680 |
| Principal and interest | $2,164 |
| Property taxes (0.41% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $168 |
| PMI | $0 |
| Total per month | $2,469 |
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| Down payment | $14,074 |
|---|---|
| Loan amount | $394,817 |
| Principal and interest | $2,656 |
| Property taxes (0.41% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $168 |
| FHA mortgage insurance | $178 |
| Total per month | $3,139 |
Change the numbers in the calculator
Questions about home buying in Byers
What is the median home value in Byers?
About $402,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Byers?
Homeowners pay a median $1,661 a year, which is about 0.41% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Byers?
For the median home with 20% down at 7.11%, the payment is about $2,469 a month. Keeping that under 28% of gross income takes about $105,810 a year.
More about Byers
- Mortgage Refinance in Byers
- Debt Relief in Byers
- Home Equity Loans in Byers
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data