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State: Colorado

Colorado Home Affordability Calculator 2026

Low Property Tax State— only 0.55% effective rate

How much house can you afford in Colorado? With a 0.55% effective property tax (median home: $$2,640/yr), see max home prices using the 28% PITI rule and a 6.99% 30-year mortgage.

Max Home Price ($100K Income)

$376,827

20% down · 6.99% rate · 28% DTI

Monthly PITI

$2333

Prop Tax/mo

$173

Median Home

$480,000

Annual Tax

$2,640

Effective Rate

0.55%

Monthly Tax

$220/mo

Colorado Max Home Price by Income (28% DTI Rule)

Income	Max Home Price	Monthly PITI	Down (20%)	Monthly PI	Prop Tax/mo
$60,000	$226,096	$1400	$45,219	$1202	$104
$80,000	$301,462	$1867	$60,292	$1603	$138
$100,000	$376,827	$2333	$75,365	$2004	$173
$120,000	$452,193	$2800	$90,439	$2404	$207
$150,000	$565,241	$3500	$113,048	$3005	$259
$200,000	$753,655	$4667	$150,731	$4007	$345

Assumes 20% down payment, 6.99% 30-year fixed mortgage rate, 0.5% homeowners insurance, 0.55% Colorado property tax.

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Frequently Asked Questions — Colorado

What is the property tax rate in Colorado?: Colorado has an effective property tax rate of 0.55%. On the median home value of $480,000, that works out to approximately $2,640 per year ($220/month) in property taxes.
How much house can I afford on $100K in Colorado?: On a $100,000 annual income in Colorado, the 28% front-end DTI rule allows a maximum monthly PITI of approximately $2333. With a 20% down payment, a 6.99% 30-year mortgage, and Colorado's 0.55% property tax, you can afford approximately $376,827 — with monthly principal & interest of $2004 plus $173/month in property taxes.
How does Colorado's property tax affect home affordability?: Colorado's low property tax rate of 0.55% is a significant advantage for home buyers. Lower property taxes reduce your monthly PITI payment, allowing you to qualify for a higher home price at any given income level compared to high-tax states like New Jersey (2.49%) or Illinois (2.27%).
What's included in a mortgage PITI payment?: PITI stands for Principal, Interest, Taxes, and Insurance. Principal and interest are your mortgage payments that pay down the loan. Taxes refers to annual property taxes (divided into monthly escrow). Insurance includes homeowners insurance (typically 0.5% of home value/year) and any required mortgage insurance (PMI) if your down payment is less than 20%. Lenders generally want PITI to be no more than 28% of your gross monthly income.

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Colorado Home Affordability Calculator 2026

Low Property Tax State— only 0.55% effective rate

How much house can you afford in Colorado? With a 0.55% effective property tax (median home: $$2,640/yr), see max home prices using the 28% PITI rule and a 6.99% 30-year mortgage.

Max Home Price ($100K Income)

$376,827

20% down · 6.99% rate · 28% DTI

Monthly PITI

$2333

Prop Tax/mo

$173

Median Home

$480,000

Annual Tax

$2,640

Effective Rate

0.55%

Monthly Tax

$220/mo

Colorado Max Home Price by Income (28% DTI Rule)

Income	Max Home Price	Monthly PITI	Down (20%)	Monthly PI	Prop Tax/mo
$60,000	$226,096	$1400	$45,219	$1202	$104
$80,000	$301,462	$1867	$60,292	$1603	$138
$100,000	$376,827	$2333	$75,365	$2004	$173
$120,000	$452,193	$2800	$90,439	$2404	$207
$150,000	$565,241	$3500	$113,048	$3005	$259
$200,000	$753,655	$4667	$150,731	$4007	$345

Assumes 20% down payment, 6.99% 30-year fixed mortgage rate, 0.5% homeowners insurance, 0.55% Colorado property tax.

Frequently Asked Questions — Colorado

What is the property tax rate in Colorado?

Colorado has an effective property tax rate of 0.55%. On the median home value of $480,000, that works out to approximately $2,640 per year ($220/month) in property taxes.

How much house can I afford on $100K in Colorado?

On a $100,000 annual income in Colorado, the 28% front-end DTI rule allows a maximum monthly PITI of approximately $2333. With a 20% down payment, a 6.99% 30-year mortgage, and Colorado's 0.55% property tax, you can afford approximately $376,827 — with monthly principal & interest of $2004 plus $173/month in property taxes.

How does Colorado's property tax affect home affordability?

Colorado's low property tax rate of 0.55% is a significant advantage for home buyers. Lower property taxes reduce your monthly PITI payment, allowing you to qualify for a higher home price at any given income level compared to high-tax states like New Jersey (2.49%) or Illinois (2.27%).

What's included in a mortgage PITI payment?

PITI stands for Principal, Interest, Taxes, and Insurance. Principal and interest are your mortgage payments that pay down the loan. Taxes refers to annual property taxes (divided into monthly escrow). Insurance includes homeowners insurance (typically 0.5% of home value/year) and any required mortgage insurance (PMI) if your down payment is less than 20%. Lenders generally want PITI to be no more than 28% of your gross monthly income.