Quick facts: Holly, CO

Quick Facts

114.3
Cost of Living
above US average
822
Population
60.83
Crime Rate per 1000
above US average
$37,679
Median Income
below US average
$549,000
Median House Price
above US average
$2126
Average Rent
above US average
12%
Poverty Rate
above US average
5.1%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $37,679.

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Income Needed to Buy

βœ— Stretch
$172k/year
Based on $549,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $172k vs median $37,679
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Income Needed to Rent

⚠ Stretch
$91k/year
Based on $2126/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $91k vs median $37,679
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Holly, CO

Holly is a small town located in Prowers County in southeastern Colorado. With a population of around 1,000 residents, it offers a close-knit community atmosphere. The town is situated in the Arkansas Valley, surrounded by the scenic plains and features a rich agricultural heritage, primarily based on farming and ranching. Holly is known for its quiet, rural lifestyle and is a gateway to outdoor recreational activities, including hunting, fishing, and hiking in the nearby landscapes. The area offers several parks, providing spaces for picnicking and enjoying nature. The town has historical significance, with a number of buildings dating back to the early 20th century, reflecting its development during the establishment of the railroad. Local amenities include schools, shops, and a community center, which fosters social engagement among residents. Holly's annual events, such as local fairs and parades, celebrate the town's heritage and bring the community together. Overall, Holly embodies the charm of small-town Colorado with its friendly residents and laid-back lifestyle.

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