The typical owner-occupied home in Rifle is worth about $413,500, 23% below the Colorado median of $539,400 and 24% above the national median of $332,700. Owners pay a median $1,448 a year in property taxes, about 0.35% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $80,000 a year, so the median home costs 5.2 times the median income (5.6 times for Colorado). 66% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Rifle at a glance
| Rifle | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $413,500 | $539,400 | $332,700 |
| Median property tax paid per year | $1,448 | $2,602 | $3,119 |
| Property tax as a share of value | 0.35% | 0.48% | 0.94% |
| Median household income | $80,000 | $95,470 | $80,734 |
| Homes lived in by their owners | 66% | 66% | 65% |
| Owner homes with a mortgage | 74% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,948 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 23.3% | 22.1% | 21.0% |
| Median rent | $1,308 | $1,761 | $1,413 |
| Rent as a share of renters' income | 26.9% | 31.4% | 30.6% |
| Median year homes were built | 1991 | 1988 | 1980 |
| Vacant homes | 4.3% | 8.3% | 10.1% |
| Population | 10,570 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Rifle
At this week's average 30-year rate of 7.11%, buying the median Rifle home of $413,500 with 20% down costs about $2,518 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,207, 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 $107,923 for the 20%-down payment. That payment is 38% of the median Rifle household income of $80,000; at that income and 20% down, the 28% guideline points to a home of about $307,000.
The median rent here is $1,308 a month, so owning the median home costs about $1,210 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $82,700 |
|---|---|
| Loan amount | $330,800 |
| Principal and interest | $2,225 |
| Property taxes (0.35% a year) | $121 |
| Homeowners insurance (our estimate, 0.5% a year) | $172 |
| PMI | $0 |
| Total per month | $2,518 |
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| Down payment | $14,472 |
|---|---|
| Loan amount | $406,010 |
| Principal and interest | $2,731 |
| Property taxes (0.35% a year) | $121 |
| Homeowners insurance (our estimate, 0.5% a year) | $172 |
| FHA mortgage insurance | $183 |
| Total per month | $3,207 |
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Questions about home buying in Rifle
What is the median home value in Rifle?
About $413,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rifle?
Homeowners pay a median $1,448 a year, which is about 0.35% 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 Rifle?
For the median home with 20% down at 7.11%, the payment is about $2,518 a month. Keeping that under 28% of gross income takes about $107,923 a year.
More about Rifle
- Mortgage Refinance in Rifle
- Debt Relief in Rifle
- Home Equity Loans in Rifle
- 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