Mortgage payment estimates, closing cost breakdowns, and homebuying data for Canon City, Colorado.
Pre-filled with Canon City median home price and Colorado tax/insurance rates. Adjust for your property.
Estimated closing costs based on Colorado rates and fees applied to Canon City prices.
The median home price in Canon City is $295,000, 43% below the Colorado state median of $520,000. With a population of 16,895, Canon City is a smaller market where home prices tend to be more accessible than in many parts of Colorado.
Property taxes in Colorado average 0.51% annually. This low property tax rate is a significant advantage for Canon City buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Colorado runs approximately $3,200 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Canon City is $1,120/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Canon City presents moderate affordability. The $295K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.