Income needed to buy a home
Morgan County, CO
$106,222
a year in household income to buy the typical Morgan County home with 10% down.
The monthly math
Typical home value$328,873
Down payment (10%)$32,887
Loan$295,986
Principal and interest (7.40%)$2,049/mo
Property tax (0.52% a year)$141/mo
Homeowners insurance (estimate)$164/mo
Mortgage insurance$123/mo
Total monthly cost$2,479/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 $73,278 a year, 69% of what it takes.
In Colorado
Morgan County ranks #25 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.