The typical owner-occupied home in Fort Garland is worth about $258,500, 52% below the Colorado median of $539,400 and 22% below the national median of $332,700. Owners pay a median $630 a year in property taxes, about 0.24% of their home's value, lower than the Colorado rate of 0.48%. 72% of occupied homes here are lived in by their owners, and 35% of those owners still have a mortgage.
Fort Garland at a glance
| Fort Garland | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $258,500 | $539,400 | $332,700 |
| Median property tax paid per year | $630 | $2,602 | $3,119 |
| Property tax as a share of value | 0.24% | 0.48% | 0.94% |
| Median household income | – | $95,470 | $80,734 |
| Homes lived in by their owners | 72% | 66% | 65% |
| Owner homes with a mortgage | 35% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,250 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 24.4% | 22.1% | 21.0% |
| Median rent | $933 | $1,761 | $1,413 |
| Rent as a share of renters' income | 50.0% | 31.4% | 30.6% |
| Median year homes were built | 1984 | 1988 | 1980 |
| Vacant homes | 17.7% | 8.3% | 10.1% |
| Population | 446 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Fort Garland
At this week's average 30-year rate of 7.11%, buying the median Fort Garland home of $258,500 with 20% down costs about $1,551 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,981, 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 $66,453 for the 20%-down payment.
The median rent here is $933 a month, so owning the median home costs about $618 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $51,700 |
|---|---|
| Loan amount | $206,800 |
| Principal and interest | $1,391 |
| Property taxes (0.24% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $108 |
| PMI | $0 |
| Total per month | $1,551 |
Change the numbers in the calculator
| Down payment | $9,048 |
|---|---|
| Loan amount | $253,818 |
| Principal and interest | $1,707 |
| Property taxes (0.24% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $108 |
| FHA mortgage insurance | $114 |
| Total per month | $1,981 |
Change the numbers in the calculator
Questions about home buying in Fort Garland
What is the median home value in Fort Garland?
About $258,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fort Garland?
Homeowners pay a median $630 a year, which is about 0.24% 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 Fort Garland?
For the median home with 20% down at 7.11%, the payment is about $1,551 a month. Keeping that under 28% of gross income takes about $66,453 a year.
More about Fort Garland
- Mortgage Refinance in Fort Garland
- Debt Relief in Fort Garland
- Home Equity Loans in Fort Garland
- 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