The typical owner-occupied home in Cope is worth about $118,800, 78% below the Colorado median of $539,400 and 64% below the national median of $332,700. Owners pay a median $900 a year in property taxes, about 0.76% of their home's value, higher than the Colorado rate of 0.48%. 94% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Cope at a glance
| Cope | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $118,800 | $539,400 | $332,700 |
| Median property tax paid per year | $900 | $2,602 | $3,119 |
| Property tax as a share of value | 0.76% | 0.48% | 0.94% |
| Median household income | – | $95,470 | $80,734 |
| Homes lived in by their owners | 94% | 66% | 65% |
| Owner homes with a mortgage | 45% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,750 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 22.1% | 21.0% |
| Median rent | – | $1,761 | $1,413 |
| Median year homes were built | 1938 | 1988 | 1980 |
| Vacant homes | 27.1% | 8.3% | 10.1% |
| Population | 58 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Cope
At this week's average 30-year rate of 7.11%, buying the median Cope home of $118,800 with 20% down costs about $764 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $962, 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 $32,746 for the 20%-down payment.
| Down payment | $23,760 |
|---|---|
| Loan amount | $95,040 |
| Principal and interest | $639 |
| Property taxes (0.76% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $764 |
Change the numbers in the calculator
| Down payment | $4,158 |
|---|---|
| Loan amount | $116,648 |
| Principal and interest | $785 |
| Property taxes (0.76% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $962 |
Change the numbers in the calculator
Questions about home buying in Cope
What is the median home value in Cope?
About $118,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cope?
Homeowners pay a median $900 a year, which is about 0.76% 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 Cope?
For the median home with 20% down at 7.11%, the payment is about $764 a month. Keeping that under 28% of gross income takes about $32,746 a year.
More about Cope
- Mortgage Refinance in Cope
- Debt Relief in Cope
- Home Equity Loans in Cope
- 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