The typical owner-occupied home in Garfield County is worth about $527,800, about the same as the Colorado median of $539,400 and 59% above the national median of $332,700. Owners pay a median $2,201 a year in property taxes, about 0.42% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $91,131 a year, so the median home costs 5.8 times the median income (5.6 times for Colorado). 70% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Garfield County at a glance
| Garfield County | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $527,800 | $539,400 | $332,700 |
| Median property tax paid per year | $2,201 | $2,602 | $3,119 |
| Property tax as a share of value | 0.42% | 0.48% | 0.94% |
| Median household income | $91,131 | $95,470 | $80,734 |
| Homes lived in by their owners | 70% | 66% | 65% |
| Owner homes with a mortgage | 67% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,277 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 24.9% | 22.1% | 21.0% |
| Median rent | $1,637 | $1,761 | $1,413 |
| Rent as a share of renters' income | 28.5% | 31.4% | 30.6% |
| Median year homes were built | 1993 | 1988 | 1980 |
| Vacant homes | 6.2% | 8.3% | 10.1% |
| Population | 62,479 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Garfield County
At this week's average 30-year rate of 7.11%, buying the median Garfield County home of $527,800 with 20% down costs about $3,245 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,124, 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 $139,075 for the 20%-down payment. That payment is 43% of the median Garfield County household income of $91,131; at that income and 20% down, the 28% guideline points to a home of about $346,000.
The median rent here is $1,637 a month, so owning the median home costs about $1,608 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $105,560 |
|---|---|
| Loan amount | $422,240 |
| Principal and interest | $2,840 |
| Property taxes (0.42% a year) | $185 |
| Homeowners insurance (our estimate, 0.5% a year) | $220 |
| PMI | $0 |
| Total per month | $3,245 |
Change the numbers in the calculator
| Down payment | $18,473 |
|---|---|
| Loan amount | $518,240 |
| Principal and interest | $3,486 |
| Property taxes (0.42% a year) | $185 |
| Homeowners insurance (our estimate, 0.5% a year) | $220 |
| FHA mortgage insurance | $233 |
| Total per month | $4,124 |
Change the numbers in the calculator
Questions about home buying in Garfield County
What is the median home value in Garfield County?
About $527,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Garfield County?
Homeowners pay a median $2,201 a year, which is about 0.42% 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 Garfield County?
For the median home with 20% down at 7.11%, the payment is about $3,245 a month. Keeping that under 28% of gross income takes about $139,075 a year.
More about Garfield County
- Mortgage Refinance in Garfield County
- Debt Relief in Garfield County
- Home Equity Loans in Garfield County
- 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