The typical owner-occupied home in Watkins is worth about $650,500, 21% above the Colorado median of $539,400 and 96% above the national median of $332,700. Owners pay a median $2,945 a year in property taxes, about 0.45% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $158,173 a year, so the median home costs 4.1 times the median income (5.6 times for Colorado). 100% of occupied homes here are lived in by their owners, and 86% of those owners still have a mortgage.
Watkins at a glance
| Watkins | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $650,500 | $539,400 | $332,700 |
| Median property tax paid per year | $2,945 | $2,602 | $3,119 |
| Property tax as a share of value | 0.45% | 0.48% | 0.94% |
| Median household income | $158,173 | $95,470 | $80,734 |
| Homes lived in by their owners | 100% | 66% | 65% |
| Owner homes with a mortgage | 86% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,667 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 22.1% | 22.1% | 21.0% |
| Median rent | – | $1,761 | $1,413 |
| Median year homes were built | 2002 | 1988 | 1980 |
| Vacant homes | 0.0% | 8.3% | 10.1% |
| Population | 847 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Watkins
At this week's average 30-year rate of 7.11%, buying the median Watkins home of $650,500 with 20% down costs about $4,016 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,099, 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 $172,103 for the 20%-down payment. That payment is 30% of the median Watkins household income of $158,173; at that income and 20% down, the 28% guideline points to a home of about $598,000.
| Down payment | $130,100 |
|---|---|
| Loan amount | $520,400 |
| Principal and interest | $3,501 |
| Property taxes (0.45% a year) | $244 |
| Homeowners insurance (our estimate, 0.5% a year) | $271 |
| PMI | $0 |
| Total per month | $4,016 |
Change the numbers in the calculator
| Down payment | $22,768 |
|---|---|
| Loan amount | $638,718 |
| Principal and interest | $4,297 |
| Property taxes (0.45% a year) | $244 |
| Homeowners insurance (our estimate, 0.5% a year) | $271 |
| FHA mortgage insurance | $288 |
| Total per month | $5,099 |
Change the numbers in the calculator
Questions about home buying in Watkins
What is the median home value in Watkins?
About $650,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Watkins?
Homeowners pay a median $2,945 a year, which is about 0.45% 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 Watkins?
For the median home with 20% down at 7.11%, the payment is about $4,016 a month. Keeping that under 28% of gross income takes about $172,103 a year.
More about Watkins
- Mortgage Refinance in Watkins
- Debt Relief in Watkins
- Home Equity Loans in Watkins
- 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