Colorado housing costs at a glance
| Colorado | |
|---|---|
| Median home value (Zillow) | $539,000 |
| Average effective property tax | 0.52% |
| Typical rate for a new buyer (calculator default) | 0.55% |
| Average homeowners insurance ($300k dwelling) | $3,240 a year |
| 2026 conforming loan limit (one unit) | $832,750 in most counties; higher in Boulder and the mountain resort counties – check the FHFA table for your county |
Example: median-priced home
Colorado home for $539,000, 20% down, 6.5% 30-year fixed: principal and interest $2,725 + property tax $247 + insurance $270 = about $3,243 a month. Enter your own rate quote and the actual tax rate of the property for a precise figure.
Colorado property tax
Colorado taxes homes on a small share of their value – the residential assessment rate is only about 6%–7% – so effective rates are low, about 0.52% of market value on average. Counties reassess every two years, and after strong price growth recent legislation has repeatedly lowered the assessment rate and added a value exemption to soften bills. Special districts in newer suburbs (metropolitan districts) can add noticeably to the tax.
Other Colorado costs
- Documentary fee: only $0.01 per $100 of the price, but some mountain towns charge real estate transfer taxes of 1%–4%.
- Insurance: about $3,240 a year on average, driven by hail and wildfire risk.
- See also the Colorado paycheck calculator for the 4.4% income tax and FAMLI.
Other states
See also the Colorado paycheck calculator and mortgage costs in other states.
Frequently asked questions
What is the property tax rate in Colorado?
About 0.52% of market value on average, because homes are assessed at only about 6% to 7% of their value.
What is the monthly payment on a median-priced Colorado home?
On a $539,000 home with 20% down at 6.5%, principal and interest are about $2,725; with property tax at 0.55% and average insurance the total is about $3,243 a month.
Does Colorado have a transfer tax?
There is only a tiny state documentary fee, but some resort towns such as Aspen, Telluride and Breckenridge charge their own transfer taxes.
Why is home insurance expensive in Colorado?
Frequent hail storms and wildfire risk; the average premium is about $3,240 a year.
For information only; not a loan offer. Property tax, insurance and closing costs depend on the specific property and lender.
Sources
- Colorado Division of Property Taxation
- FHFA – 2026 conforming loan limits
- U.S. Census Bureau ACS 2024 – real estate taxes (via NAHB / Construction Coverage)
- Zillow Home Value Index
- Insurify – home insurance by state
Rules checked: October 2026