The typical owner-occupied home in Orchard is worth about $238,800, 56% below the Colorado median of $539,400 and 28% below the national median of $332,700. Owners pay a median $492 a year in property taxes, about 0.21% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $39,250 a year, so the median home costs 6.1 times the median income (5.6 times for Colorado). 70% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Orchard at a glance
| Orchard | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $238,800 | $539,400 | $332,700 |
| Median property tax paid per year | $492 | $2,602 | $3,119 |
| Property tax as a share of value | 0.21% | 0.48% | 0.94% |
| Median household income | $39,250 | $95,470 | $80,734 |
| Homes lived in by their owners | 70% | 66% | 65% |
| Owner homes with a mortgage | 46% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,900 | $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 |
| Rent as a share of renters' income | 51.0% | 31.4% | 30.6% |
| Median year homes were built | 1938 | 1988 | 1980 |
| Vacant homes | 0.0% | 8.3% | 10.1% |
| Population | 88 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Orchard
At this week's average 30-year rate of 7.11%, buying the median Orchard home of $238,800 with 20% down costs about $1,426 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,824, 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 $61,133 for the 20%-down payment. That payment is 44% of the median Orchard household income of $39,250; at that income and 20% down, the 28% guideline points to a home of about $153,000.
| Down payment | $47,760 |
|---|---|
| Loan amount | $191,040 |
| Principal and interest | $1,285 |
| Property taxes (0.21% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| PMI | $0 |
| Total per month | $1,426 |
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| Down payment | $8,358 |
|---|---|
| Loan amount | $234,475 |
| Principal and interest | $1,577 |
| Property taxes (0.21% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| FHA mortgage insurance | $106 |
| Total per month | $1,824 |
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Questions about home buying in Orchard
What is the median home value in Orchard?
About $238,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Orchard?
Homeowners pay a median $492 a year, which is about 0.21% 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 Orchard?
For the median home with 20% down at 7.11%, the payment is about $1,426 a month. Keeping that under 28% of gross income takes about $61,133 a year.
More about Orchard
- Mortgage Refinance in Orchard
- Debt Relief in Orchard
- Home Equity Loans in Orchard
- 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