The typical owner-occupied home in Gilcrest is worth about $321,900, 40% below the Colorado median of $539,400 and 3% below the national median of $332,700. Owners pay a median $1,711 a year in property taxes, about 0.53% of their home's value, higher than the Colorado rate of 0.48%. 89% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Gilcrest at a glance
| Gilcrest | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $321,900 | $539,400 | $332,700 |
| Median property tax paid per year | $1,711 | $2,602 | $3,119 |
| Property tax as a share of value | 0.53% | 0.48% | 0.94% |
| Median household income | – | $95,470 | $80,734 |
| Homes lived in by their owners | 89% | 66% | 65% |
| Owner homes with a mortgage | 64% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,545 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 29.6% | 22.1% | 21.0% |
| Median rent | $1,682 | $1,761 | $1,413 |
| Rent as a share of renters' income | 33.5% | 31.4% | 30.6% |
| Median year homes were built | 1974 | 1988 | 1980 |
| Vacant homes | 4.5% | 8.3% | 10.1% |
| Population | 1,026 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Gilcrest
At this week's average 30-year rate of 7.11%, buying the median Gilcrest home of $321,900 with 20% down costs about $2,009 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,545, 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 $86,085 for the 20%-down payment.
The median rent here is $1,682 a month, so owning the median home costs about $327 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $64,380 |
|---|---|
| Loan amount | $257,520 |
| Principal and interest | $1,732 |
| Property taxes (0.53% a year) | $142 |
| Homeowners insurance (our estimate, 0.5% a year) | $134 |
| PMI | $0 |
| Total per month | $2,009 |
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| Down payment | $11,266 |
|---|---|
| Loan amount | $316,070 |
| Principal and interest | $2,126 |
| Property taxes (0.53% a year) | $142 |
| Homeowners insurance (our estimate, 0.5% a year) | $134 |
| FHA mortgage insurance | $142 |
| Total per month | $2,545 |
Change the numbers in the calculator
Questions about home buying in Gilcrest
What is the median home value in Gilcrest?
About $321,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gilcrest?
Homeowners pay a median $1,711 a year, which is about 0.53% 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 Gilcrest?
For the median home with 20% down at 7.11%, the payment is about $2,009 a month. Keeping that under 28% of gross income takes about $86,085 a year.
More about Gilcrest
- Mortgage Refinance in Gilcrest
- Debt Relief in Gilcrest
- Home Equity Loans in Gilcrest
- 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