Montezuma County, Colorado home prices
Typical home $407,031 · +1.9% in a year · property tax 0.29%
The typical home in Montezuma County is worth $407,031, 23% less than the Colorado typical home ($529,013). Values changed +1.9% in the past year and +17.6% over five years. Homeowners here pay a median 0.29% of their home's value in property tax each year ($1,177 on the typical home), versus 0.52% statewide.
Mortgage on the typical Montezuma County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $81,406 | $325,625 | $2,190 | $0 | $302 | $2,492 | $106,800 |
| 10% down | $40,703 | $366,328 | $2,464 | $153 | $302 | $2,919 | $125,100 |
| 5% down | $20,352 | $386,679 | $2,601 | $161 | $302 | $3,064 | $131,300 |
| 3.5% down (FHA) | $14,246 | $399,659 | $2,689 | $180 | $302 | $3,170 | $135,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.29% 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.
Colorado counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Delta County | $407,020 | +2.4% | 0.31% |
| Custer County | $399,858 | -0.7% | 0.39% |
| Mesa County | $428,682 | +1.6% | 0.38% |
| El Paso County | $445,559 | -1.4% | 0.41% |
| Mineral County | $452,046 | +4.2% | 0.35% |
| Montrose County | $455,743 | +2.2% | 0.36% |
| Teller County | $472,557 | -1.3% | 0.35% |
| Adams County | $472,857 | -2.6% | 0.61% |
| Hinsdale County | $475,661 | +0.4% | 0.31% |
| Fremont County | $333,916 | -1.2% | 0.36% |
Frequently asked questions
What is the average home price in Montezuma County, CO?
The typical home value in Montezuma County is $407,031 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Montezuma County?
About $106,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Montezuma County?
The median effective rate is 0.29% of home value a year (Census ACS 2024 5-year estimates).