The typical owner-occupied home in Ovid is worth about $84,500, 84% below the Colorado median of $539,400 and 75% below the national median of $332,700. Owners pay a median $403 a year in property taxes, about 0.48% of their home's value, close to the Colorado rate of 0.48%. The median household earns $44,375 a year, so the median home costs 1.9 times the median income (5.6 times for Colorado). 69% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Ovid at a glance
| Ovid | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $84,500 | $539,400 | $332,700 |
| Median property tax paid per year | $403 | $2,602 | $3,119 |
| Property tax as a share of value | 0.48% | 0.48% | 0.94% |
| Median household income | $44,375 | $95,470 | $80,734 |
| Homes lived in by their owners | 69% | 66% | 65% |
| Owner homes with a mortgage | 47% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,103 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 27.5% | 22.1% | 21.0% |
| Median rent | $906 | $1,761 | $1,413 |
| Rent as a share of renters' income | 30.0% | 31.4% | 30.6% |
| Median year homes were built | 1938 | 1988 | 1980 |
| Vacant homes | 8.6% | 8.3% | 10.1% |
| Population | 468 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Ovid
At this week's average 30-year rate of 7.11%, buying the median Ovid home of $84,500 with 20% down costs about $524 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $665, 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 $22,447 for the 20%-down payment. That payment is 14% of the median Ovid household income of $44,375; at that income and 20% down, the 28% guideline points to a home of about $167,000.
The median rent here is $906 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,900 |
|---|---|
| Loan amount | $67,600 |
| Principal and interest | $455 |
| Property taxes (0.48% a year) | $34 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| PMI | $0 |
| Total per month | $524 |
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| Down payment | $2,958 |
|---|---|
| Loan amount | $82,969 |
| Principal and interest | $558 |
| Property taxes (0.48% a year) | $34 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| FHA mortgage insurance | $37 |
| Total per month | $665 |
Change the numbers in the calculator
Questions about home buying in Ovid
What is the median home value in Ovid?
About $84,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ovid?
Homeowners pay a median $403 a year, which is about 0.48% 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 Ovid?
For the median home with 20% down at 7.11%, the payment is about $524 a month. Keeping that under 28% of gross income takes about $22,447 a year.
More about Ovid
- Mortgage Refinance in Ovid
- Debt Relief in Ovid
- Home Equity Loans in Ovid
- 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