TrueAffordHome Affordability by State
What can you afford in Colorado?
A baseline estimate for a household earning $96,000 a year gross, with typical debts and expenses, a $40,000 down payment, and a 740-759 credit score — using Colorado's own property tax and insurance data rather than a national average. Every assumption is editable in the full calculator below.
Colorado's effective property tax rate is around 0.51% of home value per year — the 6th lowest in the country. Average homeowner's insurance runs near $3,300/year on a $300,000 home — the 10th highest and a state where premiums have been rising quickly due to weather- and insurer-availability pressure.
Comfortable
$306,974
Stretch
$355,818
Risky ceiling
$385,124
This baseline's own budget can sustain at least as much as a lender's debt-to-income ceiling allows in Colorado — the DTI ratio, not the household budget, is what limits the number here.
Open the full calculator with these numbersOther states
Browse all states · Browse by income · Full mortgage calculator · Methodology