The typical owner-occupied home in Rio Grande County is worth about $239,500, 56% below the Colorado median of $539,400 and 28% below the national median of $332,700. Owners pay a median $925 a year in property taxes, about 0.39% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $64,411 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 61% of those owners still have a mortgage.
Rio Grande County at a glance
| Rio Grande County | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $239,500 | $539,400 | $332,700 |
| Median property tax paid per year | $925 | $2,602 | $3,119 |
| Property tax as a share of value | 0.39% | 0.48% | 0.94% |
| Median household income | $64,411 | $95,470 | $80,734 |
| Homes lived in by their owners | 67% | 66% | 65% |
| Owner homes with a mortgage | 61% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,315 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 22.1% | 21.0% |
| Median rent | $945 | $1,761 | $1,413 |
| Rent as a share of renters' income | 24.1% | 31.4% | 30.6% |
| Median year homes were built | 1978 | 1988 | 1980 |
| Vacant homes | 22.4% | 8.3% | 10.1% |
| Population | 11,321 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Rio Grande County
At this week's average 30-year rate of 7.11%, buying the median Rio Grande County home of $239,500 with 20% down costs about $1,467 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,866, 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 $62,852 for the 20%-down payment. That payment is 27% of the median Rio Grande County household income of $64,411; at that income and 20% down, the 28% guideline points to a home of about $245,000.
The median rent here is $945 a month, so owning the median home costs about $522 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $47,900 |
|---|---|
| Loan amount | $191,600 |
| Principal and interest | $1,289 |
| Property taxes (0.39% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| PMI | $0 |
| Total per month | $1,467 |
Change the numbers in the calculator
| Down payment | $8,382 |
|---|---|
| Loan amount | $235,162 |
| Principal and interest | $1,582 |
| Property taxes (0.39% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| FHA mortgage insurance | $106 |
| Total per month | $1,866 |
Change the numbers in the calculator
Questions about home buying in Rio Grande County
What is the median home value in Rio Grande County?
About $239,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rio Grande County?
Homeowners pay a median $925 a year, which is about 0.39% 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 Rio Grande County?
For the median home with 20% down at 7.11%, the payment is about $1,467 a month. Keeping that under 28% of gross income takes about $62,852 a year.
More about Rio Grande County
- Mortgage Refinance in Rio Grande County
- Debt Relief in Rio Grande County
- Home Equity Loans in Rio Grande County
- 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