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Bonanza

Learn about the people, housing, costs and businesses in Bonanza, Colorado

Median Home$243,200
Median Rent$1,291/month
Population17
Leading IndustriesConstruction · Agriculture & Mining18% construction
Home Value Growth+3.2% over 2 years
Retirees35% of residentstop 3% nationally
Homeowners78% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Bonanza
CO

Frequently Asked Questions

What are today's mortgage rates in Bonanza?

As of today, the 30-year fixed mortgage rate for Bonanza is approximately 6.869% (6.904% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bonanza?

The median home value in Bonanza is $243k. The median monthly rent is $1,291. Annual property taxes average $969. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bonanza?

Home values in Bonanza have increased 3.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bonanza?

Based on a typical all-in ownership cost of $735/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bonanza is $46k/year.

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What industries drive the economy in Bonanza?

The largest employment sectors in Bonanza are public administration (19%) and agriculture and mining (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.