Total monthly cost of ownership
Cost to Own a Home in Breckenridge, Colorado
A $757,000 home here costs
$5,433per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $233,000 a year.
A standard mortgage calculator would have told you $4,127. The real number is $1,306 higher every month, 32% more than the payment most buyers budget for.
Compare Summit County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Breckenridge against Summit County and Colorado
| Measure | Breckenridge | Summit County |
|---|---|---|
| Median home value | $757,100 | $850,700 |
| Median property tax | $3,265 | $2,641 |
| Effective tax rate | 0.431% | 0.310% |
| Median gross rent | $1,438 | $1,851 |
| Population | 5,001 | 30,857 |
The weather behind that power bill
Breckenridge 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 $116 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
Talk to someone who works this market
These are Breckenridge averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Breckenridge every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Breckenridge I already own here and may sell
Common questions
How much does it cost to own a home in Breckenridge?
A $757,000 home in Breckenridge, Colorado costs approximately $5,433 per month with 20% down at 7.24%. That is $4,127 principal and interest, $272 property tax, $220 homeowners insurance, $184 utilities and $631 set aside for maintenance.
What is the property tax rate in Breckenridge?
Breckenridge has an effective property tax rate of 0.431%, based on a median home value of $757,100 and median real estate taxes of $3,265. That is higher than the Summit County average of 0.310%.
What is the average home price in Breckenridge?
The median owner-occupied home value in Breckenridge, Colorado is $757,100, against $850,700 across Summit County.
Is it cheaper to rent or buy in Breckenridge?
Median gross rent in Breckenridge is $1,438 a month, against $5,433 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Breckenridge?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Breckenridge, Colorado at today's rate takes a household income of roughly $233,000 a year. That covers the full $5,433 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Breckenridge, 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.