Total monthly cost of ownership
Cost to Own a Home in Akron, Colorado
A $187,000 home here costs
$1,462per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $961. The real number is $501 higher every month — 52% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Akron against Washington County and Colorado
| Measure | Akron | Washington County |
|---|---|---|
| Median home value | $186,500 | $218,300 |
| Median property tax | $930 | $890 |
| Effective tax rate | 0.499% | 0.408% |
| Median gross rent | $1,070 | $991 |
| Population | 1,681 | 4,839 |
The weather behind that power bill
Akron sits in Washington County, which averages a high of 88.7°F in its hottest month and a low of 17.2°F in its coldest, with 15.39" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 817 cooling and 6,189 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Washington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
No other places of this size are published in Washington County.
Full Washington County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Akron?
A $187,000 home in Akron, Colorado costs approximately $1,462 per month with 20% down at 6.66%. That is $961 principal and interest, $78 property tax, $54 homeowners insurance, $213 utilities and $156 set aside for maintenance.
What is the property tax rate in Akron?
Akron has an effective property tax rate of 0.499%, based on a median home value of $186,500 and median real estate taxes of $930. That is higher than the Washington County average of 0.408%.
What is the average home price in Akron?
The median owner-occupied home value in Akron, Colorado is $186,500, against $218,300 across Washington County.
Is it cheaper to rent or buy in Akron?
Median gross rent in Akron is $1,070 a month, against $1,462 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Akron — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Colorado.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.