The typical owner-occupied home in Commerce City is worth about $499,700, 7% below the Colorado median of $539,400 and 50% above the national median of $332,700. Owners pay a median $4,384 a year in property taxes, about 0.88% of their home's value, higher than the Colorado rate of 0.48%. The median household earns $111,972 a year, so the median home costs 4.5 times the median income (5.6 times for Colorado). 77% of occupied homes here are lived in by their owners, and 79% of those owners still have a mortgage.
Commerce City at a glance
| Commerce City | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $499,700 | $539,400 | $332,700 |
| Median property tax paid per year | $4,384 | $2,602 | $3,119 |
| Property tax as a share of value | 0.88% | 0.48% | 0.94% |
| Median household income | $111,972 | $95,470 | $80,734 |
| Homes lived in by their owners | 77% | 66% | 65% |
| Owner homes with a mortgage | 79% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,553 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 22.7% | 22.1% | 21.0% |
| Median rent | $1,880 | $1,761 | $1,413 |
| Rent as a share of renters' income | 34.1% | 31.4% | 30.6% |
| Median year homes were built | 2005 | 1988 | 1980 |
| Vacant homes | 3.3% | 8.3% | 10.1% |
| Population | 66,445 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Commerce City
At this week's average 30-year rate of 7.11%, buying the median Commerce City home of $499,700 with 20% down costs about $3,264 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,096, 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 $139,880 for the 20%-down payment. That payment is 35% of the median Commerce City household income of $111,972; at that income and 20% down, the 28% guideline points to a home of about $400,000.
The median rent here is $1,880 a month, so owning the median home costs about $1,384 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $99,940 |
|---|---|
| Loan amount | $399,760 |
| Principal and interest | $2,689 |
| Property taxes (0.88% a year) | $366 |
| Homeowners insurance (our estimate, 0.5% a year) | $208 |
| PMI | $0 |
| Total per month | $3,264 |
Change the numbers in the calculator
| Down payment | $17,490 |
|---|---|
| Loan amount | $490,649 |
| Principal and interest | $3,301 |
| Property taxes (0.88% a year) | $366 |
| Homeowners insurance (our estimate, 0.5% a year) | $208 |
| FHA mortgage insurance | $221 |
| Total per month | $4,096 |
Change the numbers in the calculator
Questions about home buying in Commerce City
What is the median home value in Commerce City?
About $499,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Commerce City?
Homeowners pay a median $4,384 a year, which is about 0.88% 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 Commerce City?
For the median home with 20% down at 7.11%, the payment is about $3,264 a month. Keeping that under 28% of gross income takes about $139,880 a year.
More about Commerce City
- Mortgage Refinance in Commerce City
- Debt Relief in Commerce City
- Home Equity Loans in Commerce City
- 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