The typical owner-occupied home in Cripple Creek is worth about $285,800, 47% below the Colorado median of $539,400 and 14% below the national median of $332,700. Owners pay a median $477 a year in property taxes, about 0.17% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $41,840 a year, so the median home costs 6.8 times the median income (5.6 times for Colorado). 56% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Cripple Creek at a glance
| Cripple Creek | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $285,800 | $539,400 | $332,700 |
| Median property tax paid per year | $477 | $2,602 | $3,119 |
| Property tax as a share of value | 0.17% | 0.48% | 0.94% |
| Median household income | $41,840 | $95,470 | $80,734 |
| Homes lived in by their owners | 56% | 66% | 65% |
| Owner homes with a mortgage | 71% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,642 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 28.9% | 22.1% | 21.0% |
| Median rent | $1,048 | $1,761 | $1,413 |
| Rent as a share of renters' income | 32.1% | 31.4% | 30.6% |
| Median year homes were built | 1979 | 1988 | 1980 |
| Vacant homes | 25.5% | 8.3% | 10.1% |
| Population | 955 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Cripple Creek
At this week's average 30-year rate of 7.11%, buying the median Cripple Creek home of $285,800 with 20% down costs about $1,698 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,174, 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 $72,756 for the 20%-down payment. That payment is 49% of the median Cripple Creek household income of $41,840; at that income and 20% down, the 28% guideline points to a home of about $164,000.
The median rent here is $1,048 a month, so owning the median home costs about $650 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $57,160 |
|---|---|
| Loan amount | $228,640 |
| Principal and interest | $1,538 |
| Property taxes (0.17% a year) | $40 |
| Homeowners insurance (our estimate, 0.5% a year) | $119 |
| PMI | $0 |
| Total per month | $1,698 |
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| Down payment | $10,003 |
|---|---|
| Loan amount | $280,623 |
| Principal and interest | $1,888 |
| Property taxes (0.17% a year) | $40 |
| Homeowners insurance (our estimate, 0.5% a year) | $119 |
| FHA mortgage insurance | $126 |
| Total per month | $2,174 |
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Questions about home buying in Cripple Creek
What is the median home value in Cripple Creek?
About $285,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cripple Creek?
Homeowners pay a median $477 a year, which is about 0.17% 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 Cripple Creek?
For the median home with 20% down at 7.11%, the payment is about $1,698 a month. Keeping that under 28% of gross income takes about $72,756 a year.
More about Cripple Creek
- Mortgage Refinance in Cripple Creek
- Debt Relief in Cripple Creek
- Home Equity Loans in Cripple Creek
- 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