The typical owner-occupied home in San Luis is worth about $98,800, 82% below the Colorado median of $539,400 and 70% below the national median of $332,700. Owners pay a median $494 a year in property taxes, about 0.50% of their home's value, close to the Colorado rate of 0.48%. The median household earns $26,708 a year, so the median home costs 3.7 times the median income (5.6 times for Colorado). 57% of occupied homes here are lived in by their owners, and 31% of those owners still have a mortgage.
San Luis at a glance
| San Luis | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $98,800 | $539,400 | $332,700 |
| Median property tax paid per year | $494 | $2,602 | $3,119 |
| Property tax as a share of value | 0.50% | 0.48% | 0.94% |
| Median household income | $26,708 | $95,470 | $80,734 |
| Homes lived in by their owners | 57% | 66% | 65% |
| Owner homes with a mortgage | 31% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,536 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 22.1% | 21.0% |
| Median rent | $925 | $1,761 | $1,413 |
| Rent as a share of renters' income | 25.9% | 31.4% | 30.6% |
| Median year homes were built | 1953 | 1988 | 1980 |
| Vacant homes | 29.0% | 8.3% | 10.1% |
| Population | 560 | 5,862,189 | 334,922,499 |
What a typical home costs per month in San Luis
At this week's average 30-year rate of 7.11%, buying the median San Luis home of $98,800 with 20% down costs about $614 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $779, 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 $26,316 for the 20%-down payment. That payment is 28% of the median San Luis household income of $26,708; at that income and 20% down, the 28% guideline points to a home of about $100,000.
The median rent here is $925 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,760 |
|---|---|
| Loan amount | $79,040 |
| Principal and interest | $532 |
| Property taxes (0.50% a year) | $41 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $614 |
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| Down payment | $3,458 |
|---|---|
| Loan amount | $97,010 |
| Principal and interest | $653 |
| Property taxes (0.50% a year) | $41 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $44 |
| Total per month | $779 |
Change the numbers in the calculator
Questions about home buying in San Luis
What is the median home value in San Luis?
About $98,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in San Luis?
Homeowners pay a median $494 a year, which is about 0.50% 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 San Luis?
For the median home with 20% down at 7.11%, the payment is about $614 a month. Keeping that under 28% of gross income takes about $26,316 a year.
More about San Luis
- Mortgage Refinance in San Luis
- Debt Relief in San Luis
- Home Equity Loans in San Luis
- 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