The typical owner-occupied home in Rocky Ford is worth about $143,900, 73% below the Colorado median of $539,400 and 57% below the national median of $332,700. Owners pay a median $522 a year in property taxes, about 0.36% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $40,655 a year, so the median home costs 3.5 times the median income (5.6 times for Colorado). 62% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Rocky Ford at a glance
| Rocky Ford | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $143,900 | $539,400 | $332,700 |
| Median property tax paid per year | $522 | $2,602 | $3,119 |
| Property tax as a share of value | 0.36% | 0.48% | 0.94% |
| Median household income | $40,655 | $95,470 | $80,734 |
| Homes lived in by their owners | 62% | 66% | 65% |
| Owner homes with a mortgage | 45% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $956 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 30.1% | 22.1% | 21.0% |
| Median rent | $775 | $1,761 | $1,413 |
| Rent as a share of renters' income | 30.9% | 31.4% | 30.6% |
| Median year homes were built | 1953 | 1988 | 1980 |
| Vacant homes | 23.1% | 8.3% | 10.1% |
| Population | 3,815 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Rocky Ford
At this week's average 30-year rate of 7.11%, buying the median Rocky Ford home of $143,900 with 20% down costs about $878 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,117, 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 $37,609 for the 20%-down payment. That payment is 26% of the median Rocky Ford household income of $40,655; at that income and 20% down, the 28% guideline points to a home of about $156,000.
The median rent here is $775 a month, so owning the median home costs about $103 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $28,780 |
|---|---|
| Loan amount | $115,120 |
| Principal and interest | $774 |
| Property taxes (0.36% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $60 |
| PMI | $0 |
| Total per month | $878 |
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| Down payment | $5,036 |
|---|---|
| Loan amount | $141,294 |
| Principal and interest | $950 |
| Property taxes (0.36% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $60 |
| FHA mortgage insurance | $64 |
| Total per month | $1,117 |
Change the numbers in the calculator
Questions about home buying in Rocky Ford
What is the median home value in Rocky Ford?
About $143,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rocky Ford?
Homeowners pay a median $522 a year, which is about 0.36% 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 Rocky Ford?
For the median home with 20% down at 7.11%, the payment is about $878 a month. Keeping that under 28% of gross income takes about $37,609 a year.
More about Rocky Ford
- Mortgage Refinance in Rocky Ford
- Debt Relief in Rocky Ford
- Home Equity Loans in Rocky Ford
- 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