The typical owner-occupied home in Franktown is worth about $1,398,300, 2.6 times the Colorado median of $539,400 and 4.2 times the national median of $332,700. Owners pay a median $4,972 a year in property taxes, about 0.36% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $250,001 a year, so the median home costs 5.6 times the median income (5.6 times for Colorado). 100% of occupied homes here are lived in by their owners, and 78% of those owners still have a mortgage.
Franktown at a glance
| Franktown | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $1,398,300 | $539,400 | $332,700 |
| Median property tax paid per year | $4,972 | $2,602 | $3,119 |
| Property tax as a share of value | 0.36% | 0.48% | 0.94% |
| Median household income | $250,001 | $95,470 | $80,734 |
| Homes lived in by their owners | 100% | 66% | 65% |
| Owner homes with a mortgage | 78% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $3,120 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 12.9% | 22.1% | 21.0% |
| Median rent | – | $1,761 | $1,413 |
| Median year homes were built | 2000 | 1988 | 1980 |
| Vacant homes | 0.0% | 8.3% | 10.1% |
| Population | 472 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Franktown
At this week's average 30-year rate of 7.11%, buying the median Franktown home of $1,398,300 with 20% down costs about $8,527 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $11,082, 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 $365,455 for the 20%-down payment. That payment is 41% of the median Franktown household income of $250,001; at that income and 20% down, the 28% guideline points to a home of about $957,000.
| Down payment | $279,660 |
|---|---|
| Loan amount | $1,118,640 |
| Principal and interest | $7,525 |
| Property taxes (0.36% a year) | $419 |
| Homeowners insurance (our estimate, 0.5% a year) | $583 |
| PMI | $0 |
| Total per month | $8,527 |
Change the numbers in the calculator
| Down payment | $48,940 |
|---|---|
| Loan amount | $1,372,973 |
| Principal and interest | $9,236 |
| Property taxes (0.36% a year) | $419 |
| Homeowners insurance (our estimate, 0.5% a year) | $583 |
| FHA mortgage insurance | $843 |
| Total per month | $11,082 |
Change the numbers in the calculator
Questions about home buying in Franktown
What is the median home value in Franktown?
About $1,398,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Franktown?
Homeowners pay a median $4,972 a year, which is about 0.36% 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 Franktown?
For the median home with 20% down at 7.11%, the payment is about $8,527 a month. Keeping that under 28% of gross income takes about $365,455 a year.
More about Franktown
- Mortgage Refinance in Franktown
- Debt Relief in Franktown
- Home Equity Loans in Franktown
- 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