The typical owner-occupied home in Howard is worth about $474,600, 12% below the Colorado median of $539,400 and 43% above the national median of $332,700. Owners pay a median $1,314 a year in property taxes, about 0.28% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $60,386 a year, so the median home costs 7.9 times the median income (5.6 times for Colorado). 68% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Howard at a glance
| Howard | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $474,600 | $539,400 | $332,700 |
| Median property tax paid per year | $1,314 | $2,602 | $3,119 |
| Property tax as a share of value | 0.28% | 0.48% | 0.94% |
| Median household income | $60,386 | $95,470 | $80,734 |
| Homes lived in by their owners | 68% | 66% | 65% |
| Owner homes with a mortgage | 58% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,138 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 21.4% | 22.1% | 21.0% |
| Median rent | – | $1,761 | $1,413 |
| Rent as a share of renters' income | 9.0% | 31.4% | 30.6% |
| Median year homes were built | 1976 | 1988 | 1980 |
| Vacant homes | 28.3% | 8.3% | 10.1% |
| Population | 966 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Howard
At this week's average 30-year rate of 7.11%, buying the median Howard home of $474,600 with 20% down costs about $2,863 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,653, 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 $122,684 for the 20%-down payment. That payment is 57% of the median Howard household income of $60,386; at that income and 20% down, the 28% guideline points to a home of about $234,000.
| Down payment | $94,920 |
|---|---|
| Loan amount | $379,680 |
| Principal and interest | $2,554 |
| Property taxes (0.28% a year) | $111 |
| Homeowners insurance (our estimate, 0.5% a year) | $198 |
| PMI | $0 |
| Total per month | $2,863 |
Change the numbers in the calculator
| Down payment | $16,611 |
|---|---|
| Loan amount | $466,004 |
| Principal and interest | $3,135 |
| Property taxes (0.28% a year) | $111 |
| Homeowners insurance (our estimate, 0.5% a year) | $198 |
| FHA mortgage insurance | $210 |
| Total per month | $3,653 |
Change the numbers in the calculator
Questions about home buying in Howard
What is the median home value in Howard?
About $474,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Howard?
Homeowners pay a median $1,314 a year, which is about 0.28% 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 Howard?
For the median home with 20% down at 7.11%, the payment is about $2,863 a month. Keeping that under 28% of gross income takes about $122,684 a year.
More about Howard
- Mortgage Refinance in Howard
- Debt Relief in Howard
- Home Equity Loans in Howard
- 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