The typical owner-occupied home in Gunnison County is worth about $621,800, 15% above the Colorado median of $539,400 and 87% above the national median of $332,700. Owners pay a median $1,798 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 $84,527 a year, so the median home costs 7.4 times the median income (5.6 times for Colorado). 67% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Gunnison County at a glance
| Gunnison County | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $621,800 | $539,400 | $332,700 |
| Median property tax paid per year | $1,798 | $2,602 | $3,119 |
| Property tax as a share of value | 0.29% | 0.48% | 0.94% |
| Median household income | $84,527 | $95,470 | $80,734 |
| Homes lived in by their owners | 67% | 66% | 65% |
| Owner homes with a mortgage | 65% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,307 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 26.1% | 22.1% | 21.0% |
| Median rent | $1,252 | $1,761 | $1,413 |
| Rent as a share of renters' income | 30.7% | 31.4% | 30.6% |
| Median year homes were built | 1987 | 1988 | 1980 |
| Vacant homes | 32.1% | 8.3% | 10.1% |
| Population | 17,241 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Gunnison County
At this week's average 30-year rate of 7.11%, buying the median Gunnison County home of $621,800 with 20% down costs about $3,756 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,792, 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 $160,957 for the 20%-down payment. That payment is 53% of the median Gunnison County household income of $84,527; at that income and 20% down, the 28% guideline points to a home of about $327,000.
The median rent here is $1,252 a month, so owning the median home costs about $2,504 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $124,360 |
|---|---|
| Loan amount | $497,440 |
| Principal and interest | $3,346 |
| Property taxes (0.29% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $259 |
| PMI | $0 |
| Total per month | $3,756 |
Change the numbers in the calculator
| Down payment | $21,763 |
|---|---|
| Loan amount | $610,538 |
| Principal and interest | $4,107 |
| Property taxes (0.29% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $259 |
| FHA mortgage insurance | $275 |
| Total per month | $4,792 |
Change the numbers in the calculator
Questions about home buying in Gunnison County
What is the median home value in Gunnison County?
About $621,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gunnison County?
Homeowners pay a median $1,798 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 Gunnison County?
For the median home with 20% down at 7.11%, the payment is about $3,756 a month. Keeping that under 28% of gross income takes about $160,957 a year.
More about Gunnison County
- Mortgage Refinance in Gunnison County
- Debt Relief in Gunnison County
- Home Equity Loans in Gunnison 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