Housing in Towaoc

A typical Towaoc home is worth roughly $426,000

Typical home value

$426K

CO $533K

Estimate

2-bedroom rent

$1,070

a month, utilities in · HUD

Median tax bill

$1,950

CO $2,602

What kind of housing town is Towaoc?

Read from the numbers below. The page puts what stands out first.

A renters’ town64% of households rent.Your money goes further20% below the Colorado typical home.

★ What stands out · Renting

A two-bedroom rents for about $1,070

Renters already here pay a median of $424, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$810

1 bedroom$820

2 bedrooms$1,070

3 bedrooms$1,330

4 bedrooms$1,780

64%

of households rent · CO 34%

225

renter households

34%

of renters spend 30%+ of income on rent · CO 53%

56%

of the median income, for a two-bedroom

$424

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Montezuma County, CO): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Affordability

A typical home costs 18.6 years of income

More than across Colorado (5.6 years). Try your own numbers below.

You could afford about

$95,000

Typical Towaoc home $426K

That’s $330K short of a typical Towaoc home.

The typical home, each month

$2,400

Loan $2,110Tax $160Insurance $120

A two-bedroom rents for about $1,070 a month here, $1,330 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Towaoc’s typical property tax (0.46% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

36% of Towaoc households own their home

Half of Towaoc’s homes were built before 1983.

Owners and renters

Own 36%Rent 64%

Colorado: 66% own.

1983

typical home built · CO 1988

$1,950

median property tax bill · CO $2,602

0.46%

of a home’s value, a year in tax · CO 0.48%

U.S. Census Bureau, American Community Survey 2020-2024.

Neighbors talk housing

What Towaoc buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Towaoc still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.