The typical owner-occupied home in Larkspur is worth about $163,600, 70% below the Colorado median of $539,400 and 51% below the national median of $332,700. The median household earns $70,417 a year, so the median home costs 2.3 times the median income (5.6 times for Colorado). 89% of occupied homes here are lived in by their owners, and 31% of those owners still have a mortgage.
Larkspur at a glance
| Larkspur | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $163,600 | $539,400 | $332,700 |
| Median property tax paid per year | – | $2,602 | $3,119 |
| Median household income | $70,417 | $95,470 | $80,734 |
| Homes lived in by their owners | 89% | 66% | 65% |
| Owner homes with a mortgage | 31% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,500 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 28.8% | 22.1% | 21.0% |
| Median rent | – | $1,761 | $1,413 |
| Median year homes were built | 1981 | 1988 | 1980 |
| Vacant homes | 5.8% | 8.3% | 10.1% |
| Population | 131 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Larkspur
At this week's average 30-year rate of 7.11%, buying the median Larkspur home of $163,600 with 20% down costs about $1,099 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,371, 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 $47,082 for the 20%-down payment. That payment is 19% of the median Larkspur household income of $70,417; at that income and 20% down, the 28% guideline points to a home of about $245,000.
| Down payment | $32,720 |
|---|---|
| Loan amount | $130,880 |
| Principal and interest | $880 |
| Property taxes (1.10% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,099 |
Change the numbers in the calculator
| Down payment | $5,726 |
|---|---|
| Loan amount | $160,637 |
| Principal and interest | $1,081 |
| Property taxes (1.10% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $72 |
| Total per month | $1,371 |
Change the numbers in the calculator
Questions about home buying in Larkspur
What is the median home value in Larkspur?
About $163,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Larkspur?
For the median home with 20% down at 7.11%, the payment is about $1,099 a month. Keeping that under 28% of gross income takes about $47,082 a year.
More about Larkspur
- Mortgage Refinance in Larkspur
- Debt Relief in Larkspur
- Home Equity Loans in Larkspur
- 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