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Colorado's statewide median home value is approximately $539,400 in 2026, with Denver and Boulder significantly higher. Colorado has one of the lowest effective property tax rates in the United States at approximately 0.48%, making annual property taxes on the median home just around $2,600 — despite high home values. Current 30-year fixed mortgage rates in Colorado are around 6.3–6.6% in 2026. The Colorado Housing Finance Authority (CHFA) offers first-time buyers below-market mortgage rates plus down payment assistance of up to 5% of the purchase price. Strong demand from tech workers and transplants from California and Texas continues to sustain Colorado's high price levels.
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State: Colorado (median-style home price, tax, and insurance pre-filled — edit as needed)
Illustrative property tax and insurance — reassessments and CHFA eligibility vary. Not a loan offer.
Dollar amount. PMI applies when under 20% of home price.
PMI is estimated at 0.5% of the loan amount per year when your down payment is below 20% of the purchase price.
Total monthly payment
$3,149
Amortization summary: fixed rate; effective rate equals your quoted rate. Taxes, insurance, PMI, and HOA are shown separately from P&I.
| Year | Median Price | Change YoY |
|---|---|---|
| 2024 | ~$510,000 | +3.8% |
| 2025 | ~$528,000 | +3.5% |
| Early 2026 | $539,400 | +2.2% |
| Home Value | Effective Rate | Annual Tax |
|---|---|---|
| $400,000 | ~0.48% | ~$1,920 |
| $539,400 | ~0.48% | ~$2,589 |
| $800,000 | ~0.48% | ~$3,840 |
Colorado's effective property tax rate of approximately 0.48% is among the lowest in the US — a major advantage for buyers absorbing high home prices. However, many Colorado homeowners are seeing large nominal dollar increases on their bills due to reassessments in 2025–2026, with some areas seeing tax bill increases of up to 40% despite the low rate. On Colorado's median home of $539,400, annual property taxes are approximately $2,589.
The Colorado Housing Finance Authority (CHFA) is the primary resource for first-time buyers. The CHFA First-Time Homebuyer Program offers 30-year fixed mortgages at rates typically 0.25–0.5% below market, plus down payment assistance loans or grants of up to 5% of the purchase price — often $15,000–$25,000 depending on county and purchase price. Income limits and purchase price caps apply. CHFA programs are available through approved lenders statewide and can be combined with FHA, conventional, or VA loans.
| Term | Rate | Monthly Payment | Total Interest |
|---|---|---|---|
| 30-year fixed | 6.45% | $2,703 | $560,668 |
| 15-year fixed | 5.95% | $3,633 | $222,416 |
Illustrative principal & interest only — excludes taxes, insurance, and PMI. Use the calculator above for your scenario.
Colorado's statewide median home value is approximately $539,400 in 2026. Denver metro homes average $580,000–$650,000, while Boulder exceeds $900,000. More affordable options exist in Colorado Springs (~$430,000) and Pueblo (~$280,000).
Colorado's effective property tax rate is approximately 0.48% — one of the lowest in the United States. On a $539,400 home, annual property taxes are approximately $2,589. However, many homeowners are seeing large increases on their actual bills due to property reassessments, with some increases up to 40% in 2025–2026.
Current 30-year fixed mortgage rates in Colorado are approximately 6.3–6.6% in 2026. CHFA program participants can access rates 0.25–0.5% below market through approved lenders.
The Colorado Housing Finance Authority (CHFA) offers first-time buyers 30-year fixed mortgages at below-market rates plus down payment assistance of up to 5% of the purchase price — typically $15,000–$25,000. Income and purchase price limits apply. CHFA loans are available through approved lenders statewide.
Conventional loans require 5–20% down. FHA loans require 3.5%. VA loans offer 0% down for eligible veterans. On Colorado's median home of $539,400, a 5% down payment is $26,970 and 20% is $107,880. CHFA assistance can cover most or all of the 5% requirement for qualifying buyers.
Most Colorado lenders follow standard guidelines: a maximum debt-to-income (DTI) ratio of 43–45% for conventional loans and 50% for FHA loans. CHFA programs typically require DTI below 45%. With Colorado's high home prices, managing existing debt before applying is especially important.
Educational estimates only. Not a lender pre-approval.