The typical owner-occupied home in Avon is worth about $548,900, about the same as the Colorado median of $539,400 and 65% above the national median of $332,700. Owners pay a median $1,879 a year in property taxes, about 0.34% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $89,027 a year, so the median home costs 6.2 times the median income (5.6 times for Colorado). 48% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Avon at a glance
| Avon | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $548,900 | $539,400 | $332,700 |
| Median property tax paid per year | $1,879 | $2,602 | $3,119 |
| Property tax as a share of value | 0.34% | 0.48% | 0.94% |
| Median household income | $89,027 | $95,470 | $80,734 |
| Homes lived in by their owners | 48% | 66% | 65% |
| Owner homes with a mortgage | 68% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,286 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 22.1% | 21.0% |
| Median rent | $2,192 | $1,761 | $1,413 |
| Rent as a share of renters' income | 37.0% | 31.4% | 30.6% |
| Median year homes were built | 1990 | 1988 | 1980 |
| Vacant homes | 42.1% | 8.3% | 10.1% |
| Population | 5,972 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Avon
At this week's average 30-year rate of 7.11%, buying the median Avon home of $548,900 with 20% down costs about $3,338 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,253, 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 $143,067 for the 20%-down payment. That payment is 45% of the median Avon household income of $89,027; at that income and 20% down, the 28% guideline points to a home of about $342,000.
The median rent here is $2,192 a month, so owning the median home costs about $1,146 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $109,780 |
|---|---|
| Loan amount | $439,120 |
| Principal and interest | $2,954 |
| Property taxes (0.34% a year) | $156 |
| Homeowners insurance (our estimate, 0.5% a year) | $229 |
| PMI | $0 |
| Total per month | $3,338 |
Change the numbers in the calculator
| Down payment | $19,212 |
|---|---|
| Loan amount | $538,958 |
| Principal and interest | $3,626 |
| Property taxes (0.34% a year) | $156 |
| Homeowners insurance (our estimate, 0.5% a year) | $229 |
| FHA mortgage insurance | $243 |
| Total per month | $4,253 |
Change the numbers in the calculator
Questions about home buying in Avon
What is the median home value in Avon?
About $548,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Avon?
Homeowners pay a median $1,879 a year, which is about 0.34% 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 Avon?
For the median home with 20% down at 7.11%, the payment is about $3,338 a month. Keeping that under 28% of gross income takes about $143,067 a year.
More about Avon
- Mortgage Refinance in Avon
- Debt Relief in Avon
- Home Equity Loans in Avon
- 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