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Paonia

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

Median Home$426,400
Median Rent$1,009/month
Population1,450
Leading IndustriesHealthcare · Arts, Food & Hospitality · Public Administration16% healthcare
Home Value Growth⬆⬆+16.4% over 2 years
Young Adults40% of residentstop 3% nationally
Homeowners82% of occupied units
NotableHighly Educated30% hold a bachelor's degree · top 9% nationally
NotableTransit82/100 · excellent transit access
Paonia
CO

Frequently Asked Questions

What are today's mortgage rates in Paonia?

As of today, the 30-year fixed mortgage rate for Paonia is approximately 6.851% (6.886% 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 Paonia?

The median home value in Paonia is $426k. The median monthly rent is $1,009. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Paonia?

Home values in Paonia have increased 16.4% 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 Paonia?

Based on a typical all-in ownership cost of $860/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Paonia is $69k/year.

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What industries drive the economy in Paonia?

The largest employment sectors in Paonia are public administration (27%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.