The typical owner-occupied home in Deer Trail is worth about $373,000, 31% below the Colorado median of $539,400 and 12% above the national median of $332,700. Owners pay a median $1,725 a year in property taxes, about 0.46% of their home's value, close to the Colorado rate of 0.48%. The median household earns $73,906 a year, so the median home costs 5.0 times the median income (5.6 times for Colorado). 86% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Deer Trail at a glance
| Deer Trail | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $373,000 | $539,400 | $332,700 |
| Median property tax paid per year | $1,725 | $2,602 | $3,119 |
| Property tax as a share of value | 0.46% | 0.48% | 0.94% |
| Median household income | $73,906 | $95,470 | $80,734 |
| Homes lived in by their owners | 86% | 66% | 65% |
| Owner homes with a mortgage | 70% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,158 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 28.6% | 22.1% | 21.0% |
| Median rent | $1,021 | $1,761 | $1,413 |
| Rent as a share of renters' income | 34.3% | 31.4% | 30.6% |
| Median year homes were built | 2011 | 1988 | 1980 |
| Vacant homes | 3.8% | 8.3% | 10.1% |
| Population | 1,275 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Deer Trail
At this week's average 30-year rate of 7.11%, buying the median Deer Trail home of $373,000 with 20% down costs about $2,306 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,927, 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 $98,818 for the 20%-down payment. That payment is 37% of the median Deer Trail household income of $73,906; at that income and 20% down, the 28% guideline points to a home of about $279,000.
The median rent here is $1,021 a month, so owning the median home costs about $1,285 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $74,600 |
|---|---|
| Loan amount | $298,400 |
| Principal and interest | $2,007 |
| Property taxes (0.46% a year) | $143 |
| Homeowners insurance (our estimate, 0.5% a year) | $155 |
| PMI | $0 |
| Total per month | $2,306 |
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| Down payment | $13,055 |
|---|---|
| Loan amount | $366,244 |
| Principal and interest | $2,464 |
| Property taxes (0.46% a year) | $143 |
| Homeowners insurance (our estimate, 0.5% a year) | $155 |
| FHA mortgage insurance | $165 |
| Total per month | $2,927 |
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Questions about home buying in Deer Trail
What is the median home value in Deer Trail?
About $373,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Deer Trail?
Homeowners pay a median $1,725 a year, which is about 0.46% 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 Deer Trail?
For the median home with 20% down at 7.11%, the payment is about $2,306 a month. Keeping that under 28% of gross income takes about $98,818 a year.
More about Deer Trail
- Mortgage Refinance in Deer Trail
- Debt Relief in Deer Trail
- Home Equity Loans in Deer Trail
- 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