The typical owner-occupied home in La Junta is worth about $194,800, 64% below the Colorado median of $539,400 and 41% below the national median of $332,700. Owners pay a median $562 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 $52,315 a year, so the median home costs 3.7 times the median income (5.6 times for Colorado). 67% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
La Junta at a glance
| La Junta | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $194,800 | $539,400 | $332,700 |
| Median property tax paid per year | $562 | $2,602 | $3,119 |
| Property tax as a share of value | 0.29% | 0.48% | 0.94% |
| Median household income | $52,315 | $95,470 | $80,734 |
| Homes lived in by their owners | 67% | 66% | 65% |
| Owner homes with a mortgage | 59% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,411 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 22.1% | 21.0% |
| Median rent | $642 | $1,761 | $1,413 |
| Rent as a share of renters' income | 28.1% | 31.4% | 30.6% |
| Median year homes were built | 1960 | 1988 | 1980 |
| Vacant homes | 7.7% | 8.3% | 10.1% |
| Population | 7,140 | 5,862,189 | 334,922,499 |
What a typical home costs per month in La Junta
At this week's average 30-year rate of 7.11%, buying the median La Junta home of $194,800 with 20% down costs about $1,177 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,501, 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 $50,425 for the 20%-down payment. That payment is 27% of the median La Junta household income of $52,315; at that income and 20% down, the 28% guideline points to a home of about $202,000.
The median rent here is $642 a month, so owning the median home costs about $535 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $38,960 |
|---|---|
| Loan amount | $155,840 |
| Principal and interest | $1,048 |
| Property taxes (0.29% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $81 |
| PMI | $0 |
| Total per month | $1,177 |
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| Down payment | $6,818 |
|---|---|
| Loan amount | $191,272 |
| Principal and interest | $1,287 |
| Property taxes (0.29% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $81 |
| FHA mortgage insurance | $86 |
| Total per month | $1,501 |
Change the numbers in the calculator
Questions about home buying in La Junta
What is the median home value in La Junta?
About $194,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in La Junta?
Homeowners pay a median $562 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 La Junta?
For the median home with 20% down at 7.11%, the payment is about $1,177 a month. Keeping that under 28% of gross income takes about $50,425 a year.
More about La Junta
- Mortgage Refinance in La Junta
- Debt Relief in La Junta
- Home Equity Loans in La Junta
- 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