Quick facts: Howard, CO

Quick Facts

114.3
Cost of Living
above US average
976
Population
5.12
Crime Rate per 1000
below US average
$55,970
Median Income
below US average
$625,000
Median House Price
above US average
$2126
Average Rent
above US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below 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 $55,970.

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Income Needed to Buy

βœ— Stretch
$196k/year
Based on $625,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $196k vs median $55,970
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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 $55,970
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Howard, CO

Howard is a small, picturesque community located in Fremont County, Colorado, nestled against the backdrop of the majestic Rocky Mountains. With a population of around 700 residents, this quaint town offers a serene lifestyle amidst stunning natural beauty. Howard is situated near the Arkansas River, popular for white-water rafting, fishing, and hiking opportunities, making it a great spot for outdoor enthusiasts. The area is known for its rich history, particularly in mining, and features charming historic buildings that contribute to its unique character. The nearby mountains provide ample opportunities for camping, hiking, and wildlife watching. One of the nearby attractions is the popular Sierra Madre Range, which hosts various trails and scenic views. The town is also conveniently located close to larger towns like Salida, which offers additional amenities, shops, and dining options. Community events often bring residents together, fostering a warm and welcoming atmosphere. Overall, Howard is an ideal destination for those looking to escape the hustle and bustle of city life while enjoying Colorado's breathtaking landscapes and outdoor activities.

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