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City · 11,735 residents · El Paso County, Colorado

Monument , Colorado

In Monument, a typical home is worth $636,700 and typical rent is $1,929 a month. Compared with all of El Paso County, typical household income is 43% higher, the typical home value is 38% higher, and the share of households that own their home is 10 points higher.

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  • Typical home value

    $636,700

    38% above the county

    18% above Colorado

    • Monument
    • El Paso
    • Colorado

  • Typical rent

    $1,929a month

    14% above the county

    10% above Colorado

    • Monument
    • El Paso
    • Colorado

  • Typical household income

    $128,816a year

    43% above the county

    35% above Colorado

    • Monument
    • El Paso
    • Colorado

  • Households that own their home

    76%

    10 points above the county

    10 points above Colorado

    • Monument
    • El Paso
    • Colorado

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

Market now, with Zillow data

Zillow data
Typical home value
$744,085
1.1% less than 12 months ago
Typical rent
$1,973 a month
2.7% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Monument is in El Paso County. The FHA loan limit ($541,650 for a one-unit home), the fair market rents and the help on this page are those of all of El Paso County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Monument apart

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

  1. The typical household income in Monument is $128,816, 43% more than in El Paso County as a whole ($90,363).

  2. The typical home in Monument is worth $636,700, 38% more than in El Paso County as a whole ($461,000).

  3. 76% of households in Monument own their home, against 66% in El Paso County.

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

The homes here

Housing in Monument

What homes there are in Monument, 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

The detached house rules in Monument: 76% of homes, more than in El Paso County (67%).

Year built

Homes in Monument are newer: the typical year built is 2006; in El Paso County, 1989.

There is more room for a big family here: 81% of homes have 3 bedrooms or more, against 68% in El Paso County.

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
Monthly rent with utilities

With a mortgage

$2,683 a month

El Paso County: $2,145 a month

Without a mortgage

$880 a month

El Paso County: $623 a month

Owners with a mortgage

80%

El Paso County: 72%

Owning costs more in Monument: with a mortgage, the typical cost is $2,683 a month; in El Paso County, $2,145. Without one, $880.

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 Monument rose 67% since 2015–2019, about the same as in El Paso County (68%).

Since 2015–2019, the typical rent in Monument rose 22%, less than in El Paso County (45%).

While home values in Monument changed +67% and rent +22%, the typical household income rose 20%.

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

MeasureMonumentEl Paso CountyColoradoUnited States
Rental vacancy Unreliable estimate3.9%5.1%5.5%
Homeowner vacancy Unreliable estimate1.0%0.8%0.9%
More than one person per room Unreliable estimate1.9%2.4%3.4%
People per household 2.752.482.422.53
Drive alone 65%69%65%69%
Carpool 8%9%8%9%
Public transit Unreliable estimate0%2%3%
Walk or bike Unreliable estimate4%3%3%
Work from home 25%17%21%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.75 on average, against 2.48 in El Paso County.

Working from home is more common in Monument: 25%, against 17% in El Paso County.

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 Monument?

A typical home costs more than the typical income allows

We start with a typical home in Monument, worth $636,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 47% of the typical household income in Monument, which is $128,816 a year. For that payment to be 28% of income, a household would need to earn about $218,132 a year. Note: at that price the loan is above the FHA limit for El Paso County ($541,650), so FHA would not insure it; the payment is only a reference.

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

Your numbers

Local data
$

Starts at the typical home value in Monument. 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 $22,285 (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

$5,090

at 7.18% · 30 years

Loan amount
$625,167
Total interest
$899,469
Paid off in
November 2056

Includes $10,752 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,006 a month

  • Tight

    $3,006 to $3,864 a month

  • Hard

    more than $3,864 a month

    Your payment · 47%

Compared with the typical household income in Monument ($128,816 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$5,090
Principal & interest$4,235
Property tax$308
Home insurance$265
FHA mortgage insurance (MIP)$282

This loan is over the FHA limit

You'd borrow $614,415, but the FHA limit for a one-unit home in Monument is $541,650. You'd need a bigger down payment or a different loan.

You need at least $22,285 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

Monument and El Paso County

Monument is in El Paso 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).

Monument's own numbers

Typical home value
$636,700
Typical monthly rent
$1,929
Typical yearly household income
$128,816
Households that own their home
76%
Effective property tax rate
0.58%

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

Numbers for all of El Paso County

FHA limit, one-unit home
$541,650
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,621
Price change over 5 years (FHFA)
+39%
Homes in a high flood-risk zone
0.7%

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 El Paso County.

Everything about El Paso County

Buying

Buying a home in Monument

A typical home in Monument is worth $636,700: 38% above the county and 18% above Colorado. With the typical household income in Monument ($128,816 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.

  • Monument 4.9 years
  • El Paso 5.1 years
  • Colorado 5.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in El Paso County

According to FHFA’s house price index, home prices in El Paso County rose 105% in the 10 years through 2025.

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

Period County Colorado U.S.
Last year (2025) +0.5% +0.1% +2.9%
5 years (2020–2025) +39% +38% +47%
10 years (2015–2025) +105% +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

Monument next to El Paso 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
  • Monument $636,700
  • El Paso $461,000
  • Colorado $539,400
  • United States $332,700
Typical monthly rent
  • Monument $1,929
  • El Paso $1,696
  • Colorado $1,761
  • United States $1,413
Typical yearly household income
  • Monument $128,816
  • El Paso $90,363
  • Colorado $95,470
  • United States $80,734
See the full table
Monument next to El Paso County and Colorado
Measure Monument El Paso County Colorado U.S.
Typical home value $636,700 $461,000 $539,400 $332,700
Typical monthly rent $1,929 $1,696 $1,761 $1,413
Typical yearly household income $128,816 $90,363 $95,470 $80,734
Households that own their home 76% 66% 66% 65%
Typical yearly property tax $3,667 $1,874 $2,602 $3,119
Effective property tax rate 0.58% 0.41% 0.48% 0.94%
Renters with high rent for their income 49% 55% 53% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below El Paso 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 Monument

For a typical $636,700 home in Monument, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Monument's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $5,090a month

    Above the FHA limit for El Paso County ($541,650)
    Down payment
    $22,285
    Cash to close
    $41,386
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $282

  • Conventional, 5% down $4,973a month

    Least cash to close
    Down payment
    $31,835
    Cash to close
    $50,936
    Rate
    7.18%
    Mortgage insurance
    PMI · $302

  • Conventional, 20% down, no PMI $4,024a month

    Down payment
    $127,340
    Cash to close
    $146,441
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,612a month

    Down payment
    $95,505
    Cash to close
    $114,606
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is Conventional, 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 Monument and for El Paso County.

Property tax

Effective rate in Monument

0.58%of the home’s value each year

$3,667 a year for the typical owner in Monument.

  • Monument 0.58%
  • El Paso 0.41%
  • 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 El Paso County

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

Homes in the high-risk zone
0.7%
1,621
Of those, with NFIP insurance
27%
County Colorado U.S.
Homes in the high-risk zone 0.7% 1.1% 3.5%
Of those, with NFIP insurance 27% 24% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Monument

Typical rent in Monument is $1,929 a month: 14% above the county. In Monument, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of El Paso County, by unit size. To pay the 2-bedroom one ($1,621 a month) without spending more than 30% of your income, you would need to earn $31.17 an hour working full time.

HUD fair market rent for all of El Paso 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 $1,129 $21.71 $45,160
1 bedroom $1,380 $26.54 $55,200
2 bedrooms $1,621 $31.17 $64,840
3 bedrooms $2,245 $43.17 $89,800
4 bedrooms $2,574 $49.50 $102,960

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 Monument

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Monument is in ZIP code 80132.

For 2 bedrooms it is $2,130: $509 more than the fair market rent for El Paso County ($1,621).

  • 80132 $2,130$2,950

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Monument 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?

Free help

Help to buy or rent in Monument

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 El Paso County; 1 says it serves in Spanish.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Monument

No down payment, repair or rent-help program on our list is for Monument or El Paso County. The ones below are statewide in Colorado: they work in Monument 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 Monument

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

  • Community Economic Defense Project Cedp- Colorado Springs

    1520 Verde Dr, Colorado Springs · 19 miles away · Spanish

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

  • Douglas County Housing Partnership

    9350 Heritage Hills Circle, Lone Tree · 32 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 2 more
    (303) 784-7859

  • NSC (naca Counseling Subsidiary) - Denver, CO

    14707 East 2nd Avenue Suite 110, Aurora · 45 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (303) 694-5437

Every agency in El Paso County All counseling agencies in Colorado

Help in Spanish near Monument

3 of the 3 agencies on this list say they serve 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 Monument

In HUD’s record, no housing authority with an office in El Paso County is named for Monument or El Paso County.

2 other authorities have an office in El Paso County: see the list Source: HUD

Cities

Other cities in El Paso County

These cities are also in El Paso County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about El Paso County Housing in Colorado

Nearby cities

The cities closest to Monument, with the typical home value.

Neighboring counties

If El Paso 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 Monument.

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

Questions

Housing questions about Monument

Short answers with the numbers for Monument and all of El Paso 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 Monument?

The typical home value in Monument is $636,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in El Paso County it is $461,000.

How much does it cost to rent in Monument?

Typical rent in Monument is $1,929 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in El Paso County is $1,621.

What is the FHA loan limit in Monument?

Monument uses the FHA limit for all of El Paso County (2026): $541,650 for a one-unit home and $1,041,650 for a four-unit home.

How much property tax do owners pay in Monument?

The typical homeowner in Monument pays $3,667 a year, according to the U.S. Census Bureau. That is 0.58% of the home’s value; in El Paso County, the rate is 0.41%.

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

There is 1 HUD-approved counseling agency with an office in El Paso County. 1 says it serves in Spanish. 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).