Income needed to buy a home
Summit County, CO
$306,489
a year in household income to buy the typical Summit County home with 10% down.
The monthly math
Typical home value$969,935
Down payment (10%)$96,994
Loan$872,942
Principal and interest (7.40%)$6,044/mo
Property tax (0.32% a year)$259/mo
Homeowners insurance (estimate)$485/mo
Mortgage insurance$364/mo
Total monthly cost$7,151/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Out of reach
The typical household here earns $109,773 a year, 36% of what it takes.
In Colorado
Summit County ranks #58 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.