The typical owner-occupied home in Nathrop is worth about $125,500, 77% below the Colorado median of $539,400 and 62% below the national median of $332,700. Owners pay a median $403 a year in property taxes, about 0.32% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $30,040 a year, so the median home costs 4.2 times the median income (5.6 times for Colorado). 100% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Nathrop at a glance
| Nathrop | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $125,500 | $539,400 | $332,700 |
| Median property tax paid per year | $403 | $2,602 | $3,119 |
| Property tax as a share of value | 0.32% | 0.48% | 0.94% |
| Median household income | $30,040 | $95,470 | $80,734 |
| Homes lived in by their owners | 100% | 66% | 65% |
| Owner homes with a mortgage | 51% | 69% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 43.2% | 22.1% | 21.0% |
| Median rent | – | $1,761 | $1,413 |
| Median year homes were built | 2005 | 1988 | 1980 |
| Vacant homes | 35.2% | 8.3% | 10.1% |
| Population | 187 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Nathrop
At this week's average 30-year rate of 7.11%, buying the median Nathrop home of $125,500 with 20% down costs about $761 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $970, 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 $32,621 for the 20%-down payment. That payment is 30% of the median Nathrop household income of $30,040; at that income and 20% down, the 28% guideline points to a home of about $116,000.
| Down payment | $25,100 |
|---|---|
| Loan amount | $100,400 |
| Principal and interest | $675 |
| Property taxes (0.32% a year) | $33 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $761 |
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| Down payment | $4,392 |
|---|---|
| Loan amount | $123,227 |
| Principal and interest | $829 |
| Property taxes (0.32% a year) | $33 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $56 |
| Total per month | $970 |
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Questions about home buying in Nathrop
What is the median home value in Nathrop?
About $125,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Nathrop?
Homeowners pay a median $403 a year, which is about 0.32% 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 Nathrop?
For the median home with 20% down at 7.11%, the payment is about $761 a month. Keeping that under 28% of gross income takes about $32,621 a year.
More about Nathrop
- Mortgage Refinance in Nathrop
- Debt Relief in Nathrop
- Home Equity Loans in Nathrop
- 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