The typical owner-occupied home in Pagosa Springs is worth about $374,600, 31% below the Colorado median of $539,400 and 13% above the national median of $332,700. Owners pay a median $1,300 a year in property taxes, about 0.35% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $50,785 a year, so the median home costs 7.4 times the median income (5.6 times for Colorado). 48% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Pagosa Springs at a glance
| Pagosa Springs | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $374,600 | $539,400 | $332,700 |
| Median property tax paid per year | $1,300 | $2,602 | $3,119 |
| Property tax as a share of value | 0.35% | 0.48% | 0.94% |
| Median household income | $50,785 | $95,470 | $80,734 |
| Homes lived in by their owners | 48% | 66% | 65% |
| Owner homes with a mortgage | 56% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,742 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 35.3% | 22.1% | 21.0% |
| Median rent | $1,172 | $1,761 | $1,413 |
| Rent as a share of renters' income | 32.4% | 31.4% | 30.6% |
| Median year homes were built | 1984 | 1988 | 1980 |
| Vacant homes | 32.5% | 8.3% | 10.1% |
| Population | 2,090 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Pagosa Springs
At this week's average 30-year rate of 7.11%, buying the median Pagosa Springs home of $374,600 with 20% down costs about $2,281 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,905, 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 $97,770 for the 20%-down payment. That payment is 54% of the median Pagosa Springs household income of $50,785; at that income and 20% down, the 28% guideline points to a home of about $195,000.
The median rent here is $1,172 a month, so owning the median home costs about $1,109 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $74,920 |
|---|---|
| Loan amount | $299,680 |
| Principal and interest | $2,016 |
| Property taxes (0.35% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $156 |
| PMI | $0 |
| Total per month | $2,281 |
Change the numbers in the calculator
| Down payment | $13,111 |
|---|---|
| Loan amount | $367,815 |
| Principal and interest | $2,474 |
| Property taxes (0.35% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $156 |
| FHA mortgage insurance | $166 |
| Total per month | $2,905 |
Change the numbers in the calculator
Questions about home buying in Pagosa Springs
What is the median home value in Pagosa Springs?
About $374,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pagosa Springs?
Homeowners pay a median $1,300 a year, which is about 0.35% 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 Pagosa Springs?
For the median home with 20% down at 7.11%, the payment is about $2,281 a month. Keeping that under 28% of gross income takes about $97,770 a year.
More about Pagosa Springs
- Mortgage Refinance in Pagosa Springs
- Debt Relief in Pagosa Springs
- Home Equity Loans in Pagosa Springs
- 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