Elbert County, Colorado home prices
Typical home $675,289 · -2.0% in a year · property tax 0.45%
The typical home in Elbert County is worth $675,289, 28% more than the Colorado typical home ($529,013). Values changed -2.0% in the past year and +5.4% over five years. Homeowners here pay a median 0.45% of their home's value in property tax each year ($3,058 on the typical home), versus 0.52% statewide.
Mortgage on the typical Elbert County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $135,058 | $540,231 | $3,634 | $0 | $592 | $4,227 | $181,100 |
| 10% down | $67,529 | $607,760 | $4,088 | $253 | $592 | $4,934 | $211,500 |
| 5% down | $33,764 | $641,524 | $4,316 | $267 | $592 | $5,175 | $221,800 |
| 3.5% down (FHA) | $23,635 | $663,058 | $4,460 | $299 | $592 | $5,352 | $229,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.45% 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.
What it takes: see what you can afford by salary in Colorado · part of the Denver metro area.
Colorado counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| La Plata County | $678,547 | +2.9% | 0.26% |
| Chaffee County | $686,577 | +1.2% | 0.29% |
| Douglas County | $694,570 | -1.3% | 0.55% |
| Garfield County | $704,470 | +3.1% | 0.42% |
| Boulder County | $706,773 | -0.4% | 0.53% |
| Gunnison County | $723,157 | +3.6% | 0.29% |
| Broomfield County | $613,654 | -0.7% | 0.6% |
| Grand County | $742,708 | -0.9% | 0.34% |
| Jefferson County | $606,904 | -1.6% | 0.48% |
| Archuleta County | $565,035 | -0.8% | 0.35% |
Frequently asked questions
What is the average home price in Elbert County, CO?
The typical home value in Elbert County is $675,289 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Elbert County?
About $181,100 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Elbert County?
The median effective rate is 0.45% of home value a year (Census ACS 2024 5-year estimates).