The typical owner-occupied home in Flagler is worth about $167,700, 69% below the Colorado median of $539,400 and 50% below the national median of $332,700. Owners pay a median $749 a year in property taxes, about 0.45% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $48,500 a year, so the median home costs 3.5 times the median income (5.6 times for Colorado). 54% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Flagler at a glance
| Flagler | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $167,700 | $539,400 | $332,700 |
| Median property tax paid per year | $749 | $2,602 | $3,119 |
| Property tax as a share of value | 0.45% | 0.48% | 0.94% |
| Median household income | $48,500 | $95,470 | $80,734 |
| Homes lived in by their owners | 54% | 66% | 65% |
| Owner homes with a mortgage | 40% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,271 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 29.7% | 22.1% | 21.0% |
| Median rent | $901 | $1,761 | $1,413 |
| Rent as a share of renters' income | 20.7% | 31.4% | 30.6% |
| Median year homes were built | 1953 | 1988 | 1980 |
| Vacant homes | 13.1% | 8.3% | 10.1% |
| Population | 635 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Flagler
At this week's average 30-year rate of 7.11%, buying the median Flagler home of $167,700 with 20% down costs about $1,035 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,315, 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 $44,368 for the 20%-down payment. That payment is 26% of the median Flagler household income of $48,500; at that income and 20% down, the 28% guideline points to a home of about $183,000.
The median rent here is $901 a month, so owning the median home costs about $134 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $33,540 |
|---|---|
| Loan amount | $134,160 |
| Principal and interest | $902 |
| Property taxes (0.45% a year) | $63 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| PMI | $0 |
| Total per month | $1,035 |
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| Down payment | $5,870 |
|---|---|
| Loan amount | $164,663 |
| Principal and interest | $1,108 |
| Property taxes (0.45% a year) | $63 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| FHA mortgage insurance | $74 |
| Total per month | $1,315 |
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Questions about home buying in Flagler
What is the median home value in Flagler?
About $167,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Flagler?
Homeowners pay a median $749 a year, which is about 0.45% 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 Flagler?
For the median home with 20% down at 7.11%, the payment is about $1,035 a month. Keeping that under 28% of gross income takes about $44,368 a year.
More about Flagler
- Mortgage Refinance in Flagler
- Debt Relief in Flagler
- Home Equity Loans in Flagler
- 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