The typical owner-occupied home in Vail is worth about $1,400,700, 2.6 times the Colorado median of $539,400 and 4.2 times the national median of $332,700. Owners pay a median $4,045 a year in property taxes, about 0.29% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $98,893 a year, so the median home costs 14.2 times the median income (5.6 times for Colorado). 61% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Vail at a glance
| Vail | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $1,400,700 | $539,400 | $332,700 |
| Median property tax paid per year | $4,045 | $2,602 | $3,119 |
| Property tax as a share of value | 0.29% | 0.48% | 0.94% |
| Median household income | $98,893 | $95,470 | $80,734 |
| Homes lived in by their owners | 61% | 66% | 65% |
| Owner homes with a mortgage | 46% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,935 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 21.5% | 22.1% | 21.0% |
| Median rent | $1,606 | $1,761 | $1,413 |
| Rent as a share of renters' income | 28.6% | 31.4% | 30.6% |
| Median year homes were built | 1987 | 1988 | 1980 |
| Vacant homes | 63.4% | 8.3% | 10.1% |
| Population | 4,613 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Vail
At this week's average 30-year rate of 7.11%, buying the median Vail home of $1,400,700 with 20% down costs about $8,460 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $11,019, 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 $362,580 for the 20%-down payment. That payment is 103% of the median Vail household income of $98,893; at that income and 20% down, the 28% guideline points to a home of about $382,000.
The median rent here is $1,606 a month, so owning the median home costs about $6,854 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $280,140 |
|---|---|
| Loan amount | $1,120,560 |
| Principal and interest | $7,538 |
| Property taxes (0.29% a year) | $338 |
| Homeowners insurance (our estimate, 0.5% a year) | $584 |
| PMI | $0 |
| Total per month | $8,460 |
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| Down payment | $49,024 |
|---|---|
| Loan amount | $1,375,330 |
| Principal and interest | $9,252 |
| Property taxes (0.29% a year) | $338 |
| Homeowners insurance (our estimate, 0.5% a year) | $584 |
| FHA mortgage insurance | $845 |
| Total per month | $11,019 |
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Questions about home buying in Vail
What is the median home value in Vail?
About $1,400,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Vail?
Homeowners pay a median $4,045 a year, which is about 0.29% 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 Vail?
For the median home with 20% down at 7.11%, the payment is about $8,460 a month. Keeping that under 28% of gross income takes about $362,580 a year.
More about Vail
- Mortgage Refinance in Vail
- Debt Relief in Vail
- Home Equity Loans in Vail
- 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