The typical owner-occupied home in Center is worth about $126,000, 77% below the Colorado median of $539,400 and 62% below the national median of $332,700. Owners pay a median $294 a year in property taxes, about 0.23% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $45,750 a year, so the median home costs 2.8 times the median income (5.6 times for Colorado). 70% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Center at a glance
| Center | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $126,000 | $539,400 | $332,700 |
| Median property tax paid per year | $294 | $2,602 | $3,119 |
| Property tax as a share of value | 0.23% | 0.48% | 0.94% |
| Median household income | $45,750 | $95,470 | $80,734 |
| Homes lived in by their owners | 70% | 66% | 65% |
| Owner homes with a mortgage | 48% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $871 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 19.1% | 22.1% | 21.0% |
| Median rent | $490 | $1,761 | $1,413 |
| Rent as a share of renters' income | 12.3% | 31.4% | 30.6% |
| Median year homes were built | 1972 | 1988 | 1980 |
| Vacant homes | 7.7% | 8.3% | 10.1% |
| Population | 2,120 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Center
At this week's average 30-year rate of 7.11%, buying the median Center home of $126,000 with 20% down costs about $755 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $965, 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 $32,346 for the 20%-down payment. That payment is 20% of the median Center household income of $45,750; at that income and 20% down, the 28% guideline points to a home of about $178,000.
The median rent here is $490 a month, so owning the median home costs about $265 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $25,200 |
|---|---|
| Loan amount | $100,800 |
| Principal and interest | $678 |
| Property taxes (0.23% a year) | $24 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $755 |
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| Down payment | $4,410 |
|---|---|
| Loan amount | $123,718 |
| Principal and interest | $832 |
| Property taxes (0.23% a year) | $24 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $56 |
| Total per month | $965 |
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Questions about home buying in Center
What is the median home value in Center?
About $126,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Center?
Homeowners pay a median $294 a year, which is about 0.23% 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 Center?
For the median home with 20% down at 7.11%, the payment is about $755 a month. Keeping that under 28% of gross income takes about $32,346 a year.
More about Center
- Mortgage Refinance in Center
- Debt Relief in Center
- Home Equity Loans in Center
- 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