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City · 17,122 residents · Fremont County, Colorado

Cañon City , Colorado

In Cañon City, a typical home is worth $316,100 and typical rent is $997 a month. Compared with all of Fremont County, typical rent is 7% lower and the share of households that own their home is 6 points lower.

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  • Typical home value

    $316,100

    2% below the county

    41% below Colorado

    • Cañon City
    • Fremont
    • Colorado

  • Typical rent

    $997a month

    7% below the county

    43% below Colorado

    • Cañon City
    • Fremont
    • Colorado

  • Typical household income

    $64,787a year

    3% above the county

    32% below Colorado

    • Cañon City
    • Fremont
    • Colorado

  • Households that own their home

    70%

    6 points below the county

    3 points above Colorado

    • Cañon City
    • Fremont
    • Colorado

Source: U.S. Census Bureau, Average 2020–2024

Cañon City is in Fremont County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Fremont County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Cañon City apart

What this place has that others do not, from public data, most unusual first.

  1. Cañon City has the 7th smallest share of rent-burdened renters of the 94 cities in Colorado with more than 5,000 people (38%).

  2. Cañon City has the 8th lowest typical rent of the 109 cities in Colorado with more than 5,000 people ($997).

  3. 70% of households in Cañon City own their home, against 76% in Fremont County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Cañon City

What homes there are in Cañon City, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

As in Fremont County, most homes in Cañon City are detached houses (73%).

Year built

Homes in Cañon City are older: the typical year built is 1975; in Fremont County, 1981.

Homes in Cañon City are smaller: 58% have 3 bedrooms or more; in Fremont County, 61%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Fremont County is $541,287, and about 86% of owner-occupied homes in Cañon City are worth less than that.

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Fremont County is $1,436; about 77% of rents in Cañon City are below it.

With a mortgage

$1,583 a month

Fremont County: $1,611 a month

Without a mortgage

$452 a month

Fremont County: $461 a month

Owners with a mortgage

60%

Fremont County: 51%

Owning costs about the same in Cañon City as in Fremont County: with a mortgage, $1,583 a month; without one, $452.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Cañon City rose 97% since 2015–2019, more than in Fremont County (86%).

Rents in Cañon City rose more slowly than in Fremont County: 25% since 2015–2019, against 28%.

To compare: typical income in Cañon City rose 39%; the home, +97%; the rent, +25%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCañon CityFremont CountyColoradoUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.1%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.4%3.4%
People per household 2.212.332.422.53
Drive alone 74%71%65%69%
Carpool 7%9%8%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike 6%5%3%3%
Work from home 11%14%21%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.21 on average, against 2.33 in Fremont County.

In Cañon City, 74% of workers drive alone to work; in Fremont County, 71%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Cañon City?

A typical home costs more than the typical income allows

We start with a typical home in Cañon City, worth $316,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 46% of the typical household income in Cañon City, which is $64,787 a year. For that payment to be 28% of income, a household would need to earn about $106,037 a year.

The calculator's FHA and conventional loan limits are those of all of Fremont County.

Your numbers

Local data
$

Starts at the typical home value in Cañon City. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $11,064 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,474

at 7.18% · 30 years

Loan amount
$310,374
Total interest
$446,556
Paid off in
November 2056

Includes $5,338 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,512 a month

  • Tight

    $1,512 to $1,944 a month

  • Hard

    more than $1,944 a month

    Your payment · 46%

Compared with the typical household income in Cañon City ($64,787 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,474
Principal & interest$2,103
Property tax$100
Home insurance$132
FHA mortgage insurance (MIP)$140

You need at least $11,064 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Cañon City and Fremont County

Cañon City is in Fremont County, Colorado. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Cañon City's own numbers

Typical home value
$316,100
Typical monthly rent
$997
Typical yearly household income
$64,787
Households that own their home
70%
Effective property tax rate
0.38%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Fremont County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,436
Price change over 5 years (FHFA)
+46%
Homes in a high flood-risk zone
7.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Fremont County.

Everything about Fremont County

Buying

Buying a home in Cañon City

A typical home in Cañon City is worth $316,100: 2% below the county and 41% below Colorado. With the typical household income in Cañon City ($64,787 a year), a typical home costs 4.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Cañon City 4.9 years
  • Fremont 5.2 years
  • Colorado 5.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Fremont County

According to FHFA’s house price index, home prices in Fremont County rose 122% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Fremont County.

Period County Colorado U.S.
Last year (2025) +2.3% +0.1% +2.9%
5 years (2020–2025) +46% +38% +47%
10 years (2015–2025) +122% +93% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Cañon City next to Fremont County, Colorado and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Cañon City $316,100
  • Fremont $324,000
  • Colorado $539,400
  • United States $332,700
Typical monthly rent
  • Cañon City $997
  • Fremont $1,070
  • Colorado $1,761
  • United States $1,413
Typical yearly household income
  • Cañon City $64,787
  • Fremont $62,664
  • Colorado $95,470
  • United States $80,734
See the full table
Cañon City next to Fremont County and Colorado
Measure Cañon City Fremont County Colorado U.S.
Typical home value $316,100 $324,000 $539,400 $332,700
Typical monthly rent $997 $1,070 $1,761 $1,413
Typical yearly household income $64,787 $62,664 $95,470 $80,734
Households that own their home 70% 76% 66% 65%
Typical yearly property tax $1,187 $1,175 $2,602 $3,119
Effective property tax rate 0.38% 0.36% 0.48% 0.94%
Renters with high rent for their income 38% 45% 53% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Fremont County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Cañon City

For a typical $316,100 home in Cañon City, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Cañon City's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,474a month

    Least cash to close
    Down payment
    $11,064
    Cash to close
    $20,547
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $140

  • Conventional, 5% down $2,416a month

    Down payment
    $15,805
    Cash to close
    $25,288
    Rate
    7.18%
    Mortgage insurance
    PMI · $150

  • Conventional, 20% down, no PMI $1,945a month

    Down payment
    $63,220
    Cash to close
    $72,703
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,237a month

    Down payment
    $47,415
    Cash to close
    $56,898
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Cañon City and for Fremont County.

Property tax

Effective rate in Cañon City

0.38%of the home’s value each year

$1,187 a year for the typical owner in Cañon City.

  • Cañon City 0.38%
  • Fremont 0.36%
  • Colorado 0.48%

What Colorado publishes Senior homestead exemption (owners 65 and older) (Colorado General Assembly (Colorado Revised Statutes 2024, Title 39))

Exemptions and deadlines in Colorado

Flood risk in Fremont County

FEMA does not publish these numbers by city: they are for all of Fremont County.

Homes in the high-risk zone
7.3%
1,509
Of those, with NFIP insurance
11%
County Colorado U.S.
Homes in the high-risk zone 7.3% 1.1% 3.5%
Of those, with NFIP insurance 11% 24% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Cañon City

Typical rent in Cañon City is $997 a month: 7% below the county. In Cañon City, 38% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Fremont County, by unit size. To pay the 2-bedroom one ($1,436 a month) without spending more than 30% of your income, you would need to earn $27.62 an hour working full time.

HUD fair market rent for all of Fremont County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,067 $20.52 $42,680
1 bedroom $1,098 $21.12 $43,920
2 bedrooms $1,436 $27.62 $57,440
3 bedrooms $1,794 $34.50 $71,760
4 bedrooms $2,230 $42.88 $89,200

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Cañon City

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Cañon City is in ZIP code 81212.

For 2 bedrooms it is $1,440: $4 more than the fair market rent for Fremont County ($1,436).

  • 81212 $1,440$1,800

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Cañon City when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Cañon City

HUD lists 13 buildings with rents for lower incomes in Cañon City. These are the largest.

  • Heatherwood Apts 260 Justice Center Rd, Canon City 81212 54 low-income homes · 2 bd: 54 · In service since 1999
  • Garden Park Villa 1821 N 5th St, Canon City 81212 50 low-income homes · Studio: 12 · 1 bd: 37 · 2 bd: 1 · In service since 2014 · For older adults (719) 275-6656
  • Three Links Apartments 1300 N 15th St, Canon City 81212 50 low-income homes · For older adults (719) 269-9134
  • Canon Club Apts Ahpc 431 Macon Ave, Canon City 81212 46 low-income homes · Studio: 8 · 1 bd: 38 · In service since 2003 · For older adults (719) 275-0219
  • Mountain Vista of Canon City 3304 N 5th St, Canon City 81212 47 homes, 45 low-income · 1 bd: 16 · 2 bd: 31 · In service since 2004 · For families

See all 14 buildings in Fremont County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Cañon City

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Fremont County; none says it serves in Spanish.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in Cañon City

No down payment, repair or rent-help program on our list is for Cañon City or Fremont County. The ones below are statewide in Colorado: they work in Cañon City the same as in the rest of the state.

Which programs do I qualify for? All programs in Colorado

  • CHFA Down Payment Assistance

    Statewide in Colorado

    Colorado state agency help with the down payment or closing costs: a grant of up to 3% of the mortgage or a deferred second mortgage of up to 4%, both capped at $25,000. Offered by Colorado Housing and Finance Authority (CHFA).

    GrantDeferred

    See the program Official page

  • CHFA FirstGeneration

    Statewide in Colorado

    Open, per the source

    $25,000 from the Colorado state agency for the down payment of first-generation buyers (neither you nor your parents have owned a home); repaid when you sell, refinance or pay off the mortgage. Offered by Colorado Housing and Finance Authority (CHFA).

    Deferred

    See the program Official page

Housing counselors near Cañon City

The HUD-approved agencies closest to the center of Cañon City, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Upper Arkansas Area Council of Governments

    3224 Independence Rd Unit A, Canon City · 2 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 11 more
    (719) 269-7687

  • Community Economic Defense Project Cedp- Colorado Springs

    1520 Verde Dr, Colorado Springs · 35 miles away · Spanish

    • Mortgage delinquency and default
    • Homelessness services
    • and 1 more
    (303) 276-5705

  • Neighborworks Southern Colorado

    1241 E Routt Ave, Pueblo · 35 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (719) 544-8078

Every agency in Fremont County All counseling agencies in Colorado

Help in Spanish near Cañon City

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Cañon City

HUD lists no housing authority with an office in Fremont County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Colorado Source: HUD

Cities

Nearby cities

The cities closest to Cañon City, with the typical home value.

Everything about Fremont County Housing in Colorado

Neighboring counties

If Fremont County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Cañon City.

All guides
A man and two girls read a book together on the sofa.

Questions

Housing questions about Cañon City

Short answers with the numbers for Cañon City and all of Fremont County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Cañon City?

The typical home value in Cañon City is $316,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Fremont County it is $324,000.

How much does it cost to rent in Cañon City?

Typical rent in Cañon City is $997 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Fremont County is $1,436.

What is the FHA loan limit in Cañon City?

Cañon City uses the FHA limit for all of Fremont County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Cañon City?

The typical homeowner in Cañon City pays $1,187 a year, according to the U.S. Census Bureau. That is 0.38% of the home’s value; in Fremont County, the rate is 0.36%.

Where can I find free help to buy or rent in Cañon City?

There is 1 HUD-approved counseling agency with an office in Fremont County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).