The typical owner-occupied home in Castle Rock is worth about $652,900, 21% above the Colorado median of $539,400 and 96% above the national median of $332,700. Owners pay a median $3,635 a year in property taxes, about 0.56% of their home's value, higher than the Colorado rate of 0.48%. The median household earns $145,197 a year, so the median home costs 4.5 times the median income (5.6 times for Colorado). 79% of occupied homes here are lived in by their owners, and 84% of those owners still have a mortgage.
Castle Rock at a glance
| Castle Rock | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $652,900 | $539,400 | $332,700 |
| Median property tax paid per year | $3,635 | $2,602 | $3,119 |
| Property tax as a share of value | 0.56% | 0.48% | 0.94% |
| Median household income | $145,197 | $95,470 | $80,734 |
| Homes lived in by their owners | 79% | 66% | 65% |
| Owner homes with a mortgage | 84% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,787 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 21.0% | 22.1% | 21.0% |
| Median rent | $2,000 | $1,761 | $1,413 |
| Rent as a share of renters' income | 35.6% | 31.4% | 30.6% |
| Median year homes were built | 2007 | 1988 | 1980 |
| Vacant homes | 3.2% | 8.3% | 10.1% |
| Population | 79,123 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Castle Rock
At this week's average 30-year rate of 7.11%, buying the median Castle Rock home of $652,900 with 20% down costs about $4,090 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,178, 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 $175,303 for the 20%-down payment. That payment is 34% of the median Castle Rock household income of $145,197; at that income and 20% down, the 28% guideline points to a home of about $541,000.
The median rent here is $2,000 a month, so owning the median home costs about $2,090 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $130,580 |
|---|---|
| Loan amount | $522,320 |
| Principal and interest | $3,514 |
| Property taxes (0.56% a year) | $305 |
| Homeowners insurance (our estimate, 0.5% a year) | $272 |
| PMI | $0 |
| Total per month | $4,090 |
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| Down payment | $22,852 |
|---|---|
| Loan amount | $641,074 |
| Principal and interest | $4,313 |
| Property taxes (0.56% a year) | $305 |
| Homeowners insurance (our estimate, 0.5% a year) | $272 |
| FHA mortgage insurance | $289 |
| Total per month | $5,178 |
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Questions about home buying in Castle Rock
What is the median home value in Castle Rock?
About $652,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Castle Rock?
Homeowners pay a median $3,635 a year, which is about 0.56% 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 Castle Rock?
For the median home with 20% down at 7.11%, the payment is about $4,090 a month. Keeping that under 28% of gross income takes about $175,303 a year.
More about Castle Rock
- Mortgage Refinance in Castle Rock
- Debt Relief in Castle Rock
- Home Equity Loans in Castle Rock
- 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