Total monthly cost of ownership
Cost to Own a Home in Blue River, Colorado
A $1,172,000 home here costs
$7,830per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $6,025. The real number is $1,804 higher every month — 30% 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.
Blue River against Summit County and Colorado
| Measure | Blue River | Summit County |
|---|---|---|
| Median home value | $1,171,900 | $850,700 |
| Median property tax | $3,290 | $2,641 |
| Effective tax rate | 0.281% | 0.310% |
| Median gross rent | $2,442 | $1,851 |
| Population | 1,145 | 30,857 |
The weather behind that power bill
Blue River sits in Summit County, which averages a high of 75.0°F in its hottest month and a low of 1.5°F in its coldest, with 14.89" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 0 cooling and 10,736 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Summit County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Summit County
Full Summit County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Blue River?
A $1,172,000 home in Blue River, Colorado costs approximately $7,830 per month with 20% down at 6.66%. That is $6,025 principal and interest, $274 property tax, $340 homeowners insurance, $213 utilities and $977 set aside for maintenance.
What is the property tax rate in Blue River?
Blue River has an effective property tax rate of 0.281%, based on a median home value of $1,171,900 and median real estate taxes of $3,290. That is lower than the Summit County average of 0.310%.
What is the average home price in Blue River?
The median owner-occupied home value in Blue River, Colorado is $1,171,900, against $850,700 across Summit County.
Is it cheaper to rent or buy in Blue River?
Median gross rent in Blue River is $2,442 a month, against $7,830 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 Blue River — 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.