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Collbran

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

Median Home$490,900
Median Rent$1,197/month
Population438
Leading IndustriesPublic Administration · Manufacturing · Wholesale Trade28% public administration
Home Value Growth⬆⬆+13.7% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners85% of occupied units
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
NotableHigh Incomes$91k/year · top 23% nationally
Collbran
CO

Frequently Asked Questions

What are today's mortgage rates in Collbran?

As of today, the 30-year fixed mortgage rate for Collbran is approximately 6.975% (7.014% 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 Collbran?

The median home value in Collbran is $491k. The median monthly rent is $1,197. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Collbran?

Home values in Collbran have increased 13.7% over the past two years. This indicates a strong appreciation trend. 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 Collbran?

Based on a typical all-in ownership cost of $1,358/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Collbran is $91k/year.

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What industries drive the economy in Collbran?

The largest employment sectors in Collbran are public administration (28%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.