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Buying a home in Lewis, Colorado

The typical owner-occupied home in Lewis is worth about $372,000, 31% below the Colorado median of $539,400 and 12% above the national median of $332,700. Owners pay a median $1,152 a year in property taxes, about 0.31% of their home's value, lower than the Colorado rate of 0.48%. 100% of occupied homes here are lived in by their owners, and 100% of those owners still have a mortgage.

Lewis at a glance

Lewis Colorado U.S.
Median home value $372,000 $539,400 $332,700
Median property tax paid per year $1,152 $2,602 $3,119
Property tax as a share of value 0.31% 0.48% 0.94%
Median household income – $95,470 $80,734
Homes lived in by their owners 100% 66% 65%
Owner homes with a mortgage 100% 69% 61%
Median monthly costs, owners with a mortgage $2,009 $2,326 $1,963
Those costs as a share of the owners' income 17.2% 22.1% 21.0%
Median rent – $1,761 $1,413
Median year homes were built 1992 1988 1980
Vacant homes 30.3% 8.3% 10.1%
Population 277 5,862,189 334,922,499

What a typical home costs per month in Lewis

At this week's average 30-year rate of 7.11%, buying the median Lewis home of $372,000 with 20% down costs about $2,253 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,873, 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 $96,560 for the 20%-down payment.

20% down, 30-year conventional loan
Down payment$74,400
Loan amount$297,600
Principal and interest$2,002
Property taxes (0.31% a year)$96
Homeowners insurance (our estimate, 0.5% a year)$155
PMI$0
Total per month$2,253

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3.5% down, 30-year FHA loan
Down payment$13,020
Loan amount$365,262
Principal and interest$2,457
Property taxes (0.31% a year)$96
Homeowners insurance (our estimate, 0.5% a year)$155
FHA mortgage insurance$165
Total per month$2,873

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Questions about home buying in Lewis

What is the median home value in Lewis?

About $372,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Lewis?

Homeowners pay a median $1,152 a year, which is about 0.31% 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 Lewis?

For the median home with 20% down at 7.11%, the payment is about $2,253 a month. Keeping that under 28% of gross income takes about $96,560 a year.

More about Lewis

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