Otero County, Colorado home prices
Typical home $158,183 · -6.3% in a year · property tax 0.31%
The typical home in Otero County is worth $158,183, 70% less than the Colorado typical home ($529,013). Values changed -6.3% in the past year and +6.7% over five years. Homeowners here pay a median 0.31% of their home's value in property tax each year ($487 on the typical home), versus 0.52% statewide.
Mortgage on the typical Otero County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $31,637 | $126,546 | $851 | $0 | $120 | $971 | $41,600 |
| 10% down | $15,818 | $142,365 | $958 | $59 | $120 | $1,137 | $48,700 |
| 5% down | $7,909 | $150,274 | $1,011 | $63 | $120 | $1,193 | $51,100 |
| 3.5% down (FHA) | $5,536 | $155,318 | $1,045 | $70 | $120 | $1,234 | $52,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.31% 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 |
|---|---|---|---|
| Crowley County | $153,588 | -7.9% | 0.45% |
| Kiowa County | $163,266 | -5.4% | 0.58% |
| Prowers County | $169,863 | -1.6% | 0.3% |
| Sedgwick County | $172,249 | -1.9% | 0.45% |
| Costilla County | $180,906 | -5.4% | 0.32% |
| Cheyenne County | $196,246 | +2.9% | 0.47% |
| Bent County | $115,929 | +3.8% | 0.35% |
| Conejos County | $212,372 | +1.3% | 0.4% |
| Kit Carson County | $233,624 | +3.2% | 0.49% |
| Las Animas County | $238,422 | -5.3% | 0.23% |
Frequently asked questions
What is the average home price in Otero County, CO?
The typical home value in Otero County is $158,183 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Otero County?
About $41,600 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Otero County?
The median effective rate is 0.31% of home value a year (Census ACS 2024 5-year estimates).