How much house can I afford on $120,000 in Colorado?
About $443,000 with 20% down ($351,000 with an FHA loan), using Colorado's 0.52% property tax rate.
That is $85,556 less than the typical Colorado home ($529,013), so on $120,000 you'd look at cheaper areas or a smaller home. The payment of $2,800 covers $2,387 principal and interest, $192 property tax and $222 insurance.
Counties in Colorado you can afford on $120,000
30 of 62 counties have a typical home value at or below $443,000. The 25 priciest of them:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Mesa County | $428,682 | +1.6% | 0.38% |
| Montezuma County | $407,031 | +1.9% | 0.29% |
| Delta County | $407,020 | +2.4% | 0.31% |
| Custer County | $399,858 | -0.7% | 0.39% |
| Fremont County | $333,916 | -1.2% | 0.36% |
| Rio Blanco County | $326,192 | +2.6% | 0.33% |
| Morgan County | $324,520 | -0.6% | 0.52% |
| Rio Grande County | $320,612 | +1.5% | 0.39% |
| Alamosa County | $319,782 | +2.5% | 0.43% |
| Dolores County | $307,256 | +2.8% | 0.27% |
| Moffat County | $299,145 | -0.4% | 0.4% |
| Pueblo County | $282,303 | -2.3% | 0.5% |
| Yuma County | $272,569 | +3.0% | 0.47% |
| Huerfano County | $264,499 | -1.6% | 0.28% |
| Logan County | $252,455 | +1.0% | 0.46% |
| Phillips County | $252,008 | +0.7% | 0.56% |
| Lincoln County | $250,552 | +4.7% | 0.44% |
| Washington County | $243,941 | -3.0% | 0.39% |
| Saguache County | $241,669 | -3.5% | 0.32% |
| Las Animas County | $238,422 | -5.3% | 0.23% |
| Kit Carson County | $233,624 | +3.2% | 0.49% |
| Conejos County | $212,372 | +1.3% | 0.4% |
| Cheyenne County | $196,246 | +2.9% | 0.47% |
| Costilla County | $180,906 | -5.4% | 0.32% |
| Sedgwick County | $172,249 | -1.9% | 0.45% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 0.52% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Colorado
Frequently asked questions
How much house can I afford on $120,000 in Colorado?
About $443,000 with 20% down at 7.11%, keeping the payment (with Colorado's 0.52% property tax and insurance) under $2,800 a month.
Is $120,000 enough to buy a house in Colorado?
Not the typical home: the typical Colorado home is worth $529,013 (Zillow, September 2026) and $120,000 supports about $443,000. 30 of 62 counties are within budget.