Income needed to buy a home
Lake County, CO
$168,894
a year in household income to buy the typical Lake County home with 10% down.
The monthly math
Typical home value$516,004
Down payment (10%)$51,600
Loan$464,404
Principal and interest (7.40%)$3,215/mo
Property tax (0.64% a year)$274/mo
Homeowners insurance (estimate)$258/mo
Mortgage insurance$194/mo
Total monthly cost$3,941/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Far off
The typical household here earns $96,575 a year, 57% of what it takes.
In Colorado
Lake County ranks #40 of 62 for the income a home takes, from least to most.
Easiest to afford in Colorado
| County | Typical home | Income needed |
|---|---|---|
| Bent County | $120,610 | $38,512 |
| Crowley County | $153,730 | $48,599 |
| Otero County | $161,545 | $51,312 |
| Prowers County | $169,373 | $53,659 |
| Kiowa County | $167,048 | $54,629 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.