Mortgage payment estimates, closing cost breakdowns, and homebuying data for Denver, Colorado.
Median Home Price
$575K
Population
716K
Avg Monthly Rent
$1,850
Property Tax Rate
0.51% *
* Property tax shown is the Colorado state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Denver.
Denver vs Colorado Median
The median home price in Denver is $575,000, which is 11% above the Colorado state median of $520,000.
Mortgage Calculator — Denver, CO
Pre-filled with Denver median home price and Colorado tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $575K home using Colorado's 0.51% tax rate and $3,200/yr insurance.
5% Down
$4,282/mo
Down: $28,750
Loan: $546K
P&I: $3,453
Tax: $244
Insurance: $267
PMI: $319
10% Down
$4,084/mo
Down: $57,500
Loan: $518K
P&I: $3,271
Tax: $244
Insurance: $267
PMI: $302
20% Down (No PMI)
$3,419/mo
Down: $115,000
Loan: $460K
P&I: $2,908
Tax: $244
Insurance: $267
Income needed (28% rule): $147K/year with 20% down, $175K/year with 10% down.
Rent vs Buy in Denver
Rent
$1,850/mo
vs
Buy (10% down)
$4,084/mo
Price-to-rent ratio: 25.9 — At a ratio above 20, renting may be more economical in Denver for shorter stays. Buying costs $2,234 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Denver is $575,000, 11% above the Colorado state median of $520,000. With a population of 715,522, Denver is a major metro area where home prices reflect strong demand and local economic factors.
Property taxes in Colorado average 0.51% annually. This low property tax rate is a significant advantage for Denver 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 Denver is $1,850/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.
Denver is a higher-cost market. At $575K median, buyers need significant savings or strong income. Down payment assistance through Colorado's CHFA Down Payment Assistance program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Denver.