The typical owner-occupied home in Colorado County is worth about $209,800, 26% below the Texas median of $283,800 and 37% below the national median of $332,700. Owners pay a median $2,204 a year in property taxes, about 1.05% of their home's value, lower than the Texas rate of 1.49%. The median household earns $66,377 a year, so the median home costs 3.2 times the median income (3.6 times for Texas). 80% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Colorado County at a glance
| Colorado County | Texas | U.S. | |
|---|---|---|---|
| Median home value | $209,800 | $283,800 | $332,700 |
| Median property tax paid per year | $2,204 | $4,232 | $3,119 |
| Property tax as a share of value | 1.05% | 1.49% | 0.94% |
| Median household income | $66,377 | $78,476 | $80,734 |
| Homes lived in by their owners | 80% | 63% | 65% |
| Owner homes with a mortgage | 38% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,689 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 21.8% | 21.7% | 21.0% |
| Median rent | $926 | $1,403 | $1,413 |
| Rent as a share of renters' income | 25.5% | 30.9% | 30.6% |
| Median year homes were built | 1983 | 1992 | 1980 |
| Vacant homes | 21.4% | 9.4% | 10.1% |
| Population | 21,006 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Colorado County
At this week's average 30-year rate of 7.11%, buying the median Colorado County home of $209,800 with 20% down costs about $1,400 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,750, 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 $60,003 for the 20%-down payment. That payment is 25% of the median Colorado County household income of $66,377; at that income and 20% down, the 28% guideline points to a home of about $232,000.
The median rent here is $926 a month, so owning the median home costs about $474 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $41,960 |
|---|---|
| Loan amount | $167,840 |
| Principal and interest | $1,129 |
| Property taxes (1.05% a year) | $184 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| PMI | $0 |
| Total per month | $1,400 |
Change the numbers in the calculator
| Down payment | $7,343 |
|---|---|
| Loan amount | $206,000 |
| Principal and interest | $1,386 |
| Property taxes (1.05% a year) | $184 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| FHA mortgage insurance | $93 |
| Total per month | $1,750 |
Change the numbers in the calculator
Questions about home buying in Colorado County
What is the median home value in Colorado County?
About $209,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Colorado County?
Homeowners pay a median $2,204 a year, which is about 1.05% 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 Colorado County?
For the median home with 20% down at 7.11%, the payment is about $1,400 a month. Keeping that under 28% of gross income takes about $60,003 a year.
More about Colorado County
- Mortgage Refinance in Colorado County
- Debt Relief in Colorado County
- Home Equity Loans in Colorado County
- 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