The typical owner-occupied home in Gypsum is worth about $633,000, 17% above the Colorado median of $539,400 and 90% above the national median of $332,700. Owners pay a median $2,919 a year in property taxes, about 0.46% of their home's value, close to the Colorado rate of 0.48%. The median household earns $115,564 a year, so the median home costs 5.5 times the median income (5.6 times for Colorado). 70% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Gypsum at a glance
| Gypsum | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $633,000 | $539,400 | $332,700 |
| Median property tax paid per year | $2,919 | $2,602 | $3,119 |
| Property tax as a share of value | 0.46% | 0.48% | 0.94% |
| Median household income | $115,564 | $95,470 | $80,734 |
| Homes lived in by their owners | 70% | 66% | 65% |
| Owner homes with a mortgage | 74% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,030 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 16.8% | 22.1% | 21.0% |
| Median rent | $2,183 | $1,761 | $1,413 |
| Rent as a share of renters' income | 37.8% | 31.4% | 30.6% |
| Median year homes were built | 2002 | 1988 | 1980 |
| Vacant homes | 5.2% | 8.3% | 10.1% |
| Population | 8,941 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Gypsum
At this week's average 30-year rate of 7.11%, buying the median Gypsum home of $633,000 with 20% down costs about $3,913 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,967, 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 $167,700 for the 20%-down payment. That payment is 41% of the median Gypsum household income of $115,564; at that income and 20% down, the 28% guideline points to a home of about $436,000.
The median rent here is $2,183 a month, so owning the median home costs about $1,730 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $126,600 |
|---|---|
| Loan amount | $506,400 |
| Principal and interest | $3,407 |
| Property taxes (0.46% a year) | $243 |
| Homeowners insurance (our estimate, 0.5% a year) | $264 |
| PMI | $0 |
| Total per month | $3,913 |
Change the numbers in the calculator
| Down payment | $22,155 |
|---|---|
| Loan amount | $621,535 |
| Principal and interest | $4,181 |
| Property taxes (0.46% a year) | $243 |
| Homeowners insurance (our estimate, 0.5% a year) | $264 |
| FHA mortgage insurance | $280 |
| Total per month | $4,967 |
Change the numbers in the calculator
Questions about home buying in Gypsum
What is the median home value in Gypsum?
About $633,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gypsum?
Homeowners pay a median $2,919 a year, which is about 0.46% 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 Gypsum?
For the median home with 20% down at 7.11%, the payment is about $3,913 a month. Keeping that under 28% of gross income takes about $167,700 a year.
More about Gypsum
- Mortgage Refinance in Gypsum
- Debt Relief in Gypsum
- Home Equity Loans in Gypsum
- 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