Total monthly cost of ownership
Cost to Own a Home in Bayfield, Colorado
A $418,000 home here costs
$2,952per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,149. The real number is $803 higher every month — 37% 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.
Bayfield against La Plata County and Colorado
| Measure | Bayfield | La Plata County |
|---|---|---|
| Median home value | $418,400 | $549,100 |
| Median property tax | $1,447 | $1,452 |
| Effective tax rate | 0.346% | 0.264% |
| Median gross rent | $1,265 | $1,409 |
| Population | 2,862 | 56,088 |
The weather behind that power bill
Bayfield sits in La Plata County, which averages a high of 85.0°F in its hottest month and a low of 13.0°F in its coldest, with 19.62" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 276 cooling and 6,657 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for La Plata County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in La Plata County
Full La Plata County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Bayfield?
A $418,000 home in Bayfield, Colorado costs approximately $2,952 per month with 20% down at 6.66%. That is $2,149 principal and interest, $121 property tax, $121 homeowners insurance, $213 utilities and $348 set aside for maintenance.
What is the property tax rate in Bayfield?
Bayfield has an effective property tax rate of 0.346%, based on a median home value of $418,400 and median real estate taxes of $1,447. That is higher than the La Plata County average of 0.264%.
What is the average home price in Bayfield?
The median owner-occupied home value in Bayfield, Colorado is $418,400, against $549,100 across La Plata County.
Is it cheaper to rent or buy in Bayfield?
Median gross rent in Bayfield is $1,265 a month, against $2,952 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 Bayfield — 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.