Total monthly cost of ownership
Cost to Own a Home in Basalt, Colorado
A $1,148,000 home here costs
$7,890per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $5,902. The real number is $1,988 higher every month — 34% 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.
Basalt against Eagle County and Colorado
| Measure | Basalt | Eagle County |
|---|---|---|
| Median home value | $1,148,100 | $814,700 |
| Median property tax | $5,826 | $3,339 |
| Effective tax rate | 0.507% | 0.410% |
| Median gross rent | $2,188 | $2,032 |
| Population | 3,995 | 55,374 |
Basalt extends across 2 counties. Figures here use Eagle County, where most of its housing sits.
The weather behind that power bill
Basalt sits in Eagle County, which averages a high of 82.2°F in its hottest month and a low of 8.7°F in its coldest, with 14.92" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 90 cooling and 8,142 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Eagle County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Eagle County
Common questions
How much does it cost to own a home in Basalt?
A $1,148,000 home in Basalt, Colorado costs approximately $7,890 per month with 20% down at 6.66%. That is $5,902 principal and interest, $485 property tax, $333 homeowners insurance, $213 utilities and $957 set aside for maintenance.
What is the property tax rate in Basalt?
Basalt has an effective property tax rate of 0.507%, based on a median home value of $1,148,100 and median real estate taxes of $5,826. That is higher than the Eagle County average of 0.410%.
What is the average home price in Basalt?
The median owner-occupied home value in Basalt, Colorado is $1,148,100, against $814,700 across Eagle County.
Is it cheaper to rent or buy in Basalt?
Median gross rent in Basalt is $2,188 a month, against $7,890 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 Basalt — 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.