What does it cost to own a home in Colorado each month?

How much does it cost to own a home in Colorado each month?

The part that can be measured — property tax plus HOA dues — runs a median of $394 a month, from 62,720 homes that sold September 2025 to August 2026. Half of them fell between $249 and $585. On top of that sits the mortgage: on the median $570,000 home with 20% down over 30 years, the loan payment works out at $2,882 a month at 6.5%, which puts the whole thing near $3,276. That last figure is arithmetic at a rate we picked off a table, not a quote.

Is a condo cheaper to own than a house?

To hold, no — the opposite, and this is the number that surprises people. A condo costs a median $597 a month in tax and dues against $344 for a house, even though the condo pays LESS tax ($1,965 a year against $3,741). Dues are why: 99.8% of condos carry them against 50.3% of houses. A condo is cheaper to BUY and dearer to HOLD, and only one of those two facts usually gets published.

Why do the cheapest homes cost more per month to hold than dearer ones?

Because the cheapest band is mostly attached homes. Homes under $300,000 carry a median $421 a month against $273 for homes between $300,000 and $500,000 — the only place in the table where the figure goes DOWN as the price goes up. The dues column explains it: 67.8% of the cheapest band has an HOA against 53.9% of the band above. Under $300,000 in Colorado usually means a condo or a townhouse, and those nearly all have dues.

What is NOT in these numbers?

Homeowner’s insurance, mortgage insurance if you put down less than 20%, utilities, and maintenance. None of those four is in an MLS feed, so we do not have them and we are not going to estimate them. That makes every monthly total on this page a FLOOR — the real number is higher, and by how much depends on the house and on you. We would rather publish a figure you can check than a range we made up.

Will my property tax be what the seller was paying?

Not necessarily. Every tax figure here is the amount recorded against the listing, for tax year 2024 on most of these sales. Colorado reassesses every two years and each district sets its own mill levy, so the bill can move between the sale and the first statement a new owner gets. Treat it as what homes like this one have been paying.

Where does the interest rate on this page come from?

Nowhere — that is the point. We do not carry a rate feed, so rather than publish a made-up "today’s rate" we show the payment at every rate from 5% to 8% and let you use the row that matches the offer in front of you. The tax and dues figures beside them are measured; the loan column is arithmetic.