Median household income: $66,068; value-to-income ratio 4.17. Cañon City ranks 64 by home value and 47 by population among 70 places in our CO dataset.
What does an FHA loan cost on a typical Cañon City home?
| Item | Cañon City |
|---|---|
| Median home value (Census ACS) | $275,300 |
| Colorado median home value | $502,200 |
| Down payment (3.5%) | $9,636 |
| Loan incl. 1.75% upfront MIP | $270,314 |
| Estimated monthly payment (PITI + MI) | $2,272 |
| Income needed (28% / 36%) | $98,000 / $76,000 |
| Fremont County 2026 FHA limit (1 unit) | $541,287 |
| Max purchase price at the limit | $560,000 |
Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.
Payment includes Colorado's 0.49% effective property tax rate (Census ACS), $2,492/yr homeowners insurance (NAIC state average) and 0.55% annual FHA MIP.
What is the 2026 FHA loan limit in Cañon City?
Cañon City is in Fremont County where HUD's 2026 one-unit FHA limit is $541,287. With the minimum 3.5% down, that caps the purchase price at about $560,000; above that you'd need a bigger down payment or a conventional loan (conforming limit $832,750).
The Cañon City median home value of $275,300 is 45% below the Colorado median, and within what the county limit supports.
Which down payment assistance programs can Cañon City buyers use?
- CHFA Down Payment Assistance Grant — Up to the lesser of $25,000 or 3% of your first mortgage; grant; state-level. Colorado Housing and Finance Authority · Verified October 23, 2026
- CHFA Down Payment Assistance Second Mortgage Loan — Up to the lesser of $25,000 or 4% of your first mortgage; deferred; state-level. Colorado Housing and Finance Authority · Verified October 23, 2026
FHA loans in nearby cities
FHA loan FAQs for Cañon City
Sources
- U.S. Census Bureau — ACS 2019–2023 5-Year Estimates
- HUD — 2026 FHA Forward Mortgage Limits (county file)
- HUD Single Family Housing Policy Handbook 4000.1
- NAIC — Homeowners Insurance Report, Data for 2023 (HO-3 average premium)
- Freddie Mac — Primary Mortgage Market Survey
- Colorado Housing and Finance Authority — CHFA Down Payment Assistance Grant
- Colorado Housing and Finance Authority — CHFA Down Payment Assistance Second Mortgage Loan
Data last updated October 23, 2026.
Get matched with FHA lenders in Cañon City
Answer a few quick questions and get matched with purchase mortgage lenders in your area. Free, and it won't affect your credit score.
Get My MatchesFigures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.