Home Affordability in Fort Collins, CO
The median home price in Fort Collins is $490,000 with a median household income of $66,785. Housing is significantly stretched relative to local incomes.
Median Home Price
$490,000
Median Income
$66,785
Price-to-Income Ratio
7.3x
Est. Affordable Home
$260,000
Property Tax Rate
0.58%
Annual Property Tax
$2,842
Sales Tax Rate
7.60%
Cost of Living Index
113
Buying a Home in Fort Collins
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $66,785 in Fort Collins can afford a monthly housing payment of approximately $1,558. This translates to a home price of roughly $260,000, which is below the median home price of $490,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Fort Collins would be approximately $2,842 per year ($237/month) at the effective rate of 0.58%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $14,700 | $475,300 | Yes |
| 5% | $24,500 | $465,500 | Yes |
| 10% | $49,000 | $441,000 | Yes |
| 20% | $98,000 | $392,000 | No |
Use Our Home Affordability Calculator
Get a personalized estimate based on your income, debts, down payment, and credit score.
Calculate Now