The typical owner-occupied home in Ordway is worth about $104,400, 81% below the Colorado median of $539,400 and 69% below the national median of $332,700. Owners pay a median $559 a year in property taxes, about 0.54% of their home's value, higher than the Colorado rate of 0.48%. The median household earns $54,583 a year, so the median home costs 1.9 times the median income (5.6 times for Colorado). 63% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Ordway at a glance
| Ordway | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $104,400 | $539,400 | $332,700 |
| Median property tax paid per year | $559 | $2,602 | $3,119 |
| Property tax as a share of value | 0.54% | 0.48% | 0.94% |
| Median household income | $54,583 | $95,470 | $80,734 |
| Homes lived in by their owners | 63% | 66% | 65% |
| Owner homes with a mortgage | 41% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $989 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 25.7% | 22.1% | 21.0% |
| Median rent | $1,036 | $1,761 | $1,413 |
| Rent as a share of renters' income | 40.7% | 31.4% | 30.6% |
| Median year homes were built | 1968 | 1988 | 1980 |
| Vacant homes | 15.3% | 8.3% | 10.1% |
| Population | 1,528 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Ordway
At this week's average 30-year rate of 7.11%, buying the median Ordway home of $104,400 with 20% down costs about $652 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $826, 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 $27,957 for the 20%-down payment. That payment is 14% of the median Ordway household income of $54,583; at that income and 20% down, the 28% guideline points to a home of about $204,000.
The median rent here is $1,036 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,880 |
|---|---|
| Loan amount | $83,520 |
| Principal and interest | $562 |
| Property taxes (0.54% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $652 |
Change the numbers in the calculator
| Down payment | $3,654 |
|---|---|
| Loan amount | $102,509 |
| Principal and interest | $690 |
| Property taxes (0.54% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $46 |
| Total per month | $826 |
Change the numbers in the calculator
Questions about home buying in Ordway
What is the median home value in Ordway?
About $104,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ordway?
Homeowners pay a median $559 a year, which is about 0.54% 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 Ordway?
For the median home with 20% down at 7.11%, the payment is about $652 a month. Keeping that under 28% of gross income takes about $27,957 a year.
More about Ordway
- Mortgage Refinance in Ordway
- Debt Relief in Ordway
- Home Equity Loans in Ordway
- 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