The typical owner-occupied home in Black Hawk is worth about $496,200, 8% below the Colorado median of $539,400 and 49% above the national median of $332,700. Owners pay a median $582 a year in property taxes, about 0.12% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $116,806 a year, so the median home costs 4.2 times the median income (5.6 times for Colorado). 70% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Black Hawk at a glance
| Black Hawk | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $496,200 | $539,400 | $332,700 |
| Median property tax paid per year | $582 | $2,602 | $3,119 |
| Property tax as a share of value | 0.12% | 0.48% | 0.94% |
| Median household income | $116,806 | $95,470 | $80,734 |
| Homes lived in by their owners | 70% | 66% | 65% |
| Owner homes with a mortgage | 51% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,214 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 20.5% | 22.1% | 21.0% |
| Median rent | – | $1,761 | $1,413 |
| Rent as a share of renters' income | 26.1% | 31.4% | 30.6% |
| Median year homes were built | 1938 | 1988 | 1980 |
| Vacant homes | 29.9% | 8.3% | 10.1% |
| Population | 106 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Black Hawk
At this week's average 30-year rate of 7.11%, buying the median Black Hawk home of $496,200 with 20% down costs about $2,927 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,753, 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 $125,432 for the 20%-down payment. That payment is 30% of the median Black Hawk household income of $116,806; at that income and 20% down, the 28% guideline points to a home of about $462,000.
| Down payment | $99,240 |
|---|---|
| Loan amount | $396,960 |
| Principal and interest | $2,670 |
| Property taxes (0.12% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $207 |
| PMI | $0 |
| Total per month | $2,927 |
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| Down payment | $17,367 |
|---|---|
| Loan amount | $487,213 |
| Principal and interest | $3,278 |
| Property taxes (0.12% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $207 |
| FHA mortgage insurance | $219 |
| Total per month | $3,753 |
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Questions about home buying in Black Hawk
What is the median home value in Black Hawk?
About $496,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Black Hawk?
Homeowners pay a median $582 a year, which is about 0.12% 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 Black Hawk?
For the median home with 20% down at 7.11%, the payment is about $2,927 a month. Keeping that under 28% of gross income takes about $125,432 a year.
More about Black Hawk
- Mortgage Refinance in Black Hawk
- Debt Relief in Black Hawk
- Home Equity Loans in Black Hawk
- 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