The typical owner-occupied home in Kit Carson is worth about $150,000, 72% below the Colorado median of $539,400 and 55% below the national median of $332,700. The median household earns $59,875 a year, so the median home costs 2.5 times the median income (5.6 times for Colorado). 71% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Kit Carson at a glance
| Kit Carson | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $150,000 | $539,400 | $332,700 |
| Median property tax paid per year | – | $2,602 | $3,119 |
| Median household income | $59,875 | $95,470 | $80,734 |
| Homes lived in by their owners | 71% | 66% | 65% |
| Owner homes with a mortgage | 66% | 69% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 27.9% | 22.1% | 21.0% |
| Median rent | $653 | $1,761 | $1,413 |
| Rent as a share of renters' income | 20.3% | 31.4% | 30.6% |
| Median year homes were built | 1977 | 1988 | 1980 |
| Vacant homes | 28.6% | 8.3% | 10.1% |
| Population | 273 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Kit Carson
At this week's average 30-year rate of 7.11%, buying the median Kit Carson home of $150,000 with 20% down costs about $1,007 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,257, 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 $43,168 for the 20%-down payment. That payment is 20% of the median Kit Carson household income of $59,875; at that income and 20% down, the 28% guideline points to a home of about $208,000.
The median rent here is $653 a month, so owning the median home costs about $354 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $30,000 |
|---|---|
| Loan amount | $120,000 |
| Principal and interest | $807 |
| Property taxes (1.10% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| PMI | $0 |
| Total per month | $1,007 |
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| Down payment | $5,250 |
|---|---|
| Loan amount | $147,283 |
| Principal and interest | $991 |
| Property taxes (1.10% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| FHA mortgage insurance | $66 |
| Total per month | $1,257 |
Change the numbers in the calculator
Questions about home buying in Kit Carson
What is the median home value in Kit Carson?
About $150,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Kit Carson?
For the median home with 20% down at 7.11%, the payment is about $1,007 a month. Keeping that under 28% of gross income takes about $43,168 a year.
More about Kit Carson
- Mortgage Refinance in Kit Carson
- Debt Relief in Kit Carson
- Home Equity Loans in Kit Carson
- 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