Total monthly cost of ownership
Cost to Own a Home in Cañon City, Colorado
A $275,000 home here costs
$2,026per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,414. The real number is $612 higher every month — 43% 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.
Cañon City against Fremont County and Colorado
| Measure | Cañon City | Fremont County |
|---|---|---|
| Median home value | $275,300 | $282,100 |
| Median property tax | $1,081 | $1,081 |
| Effective tax rate | 0.393% | 0.383% |
| Median gross rent | $931 | $1,036 |
| Population | 17,098 | 49,394 |
The weather behind that power bill
Cañon City sits in Fremont County, which averages a high of 89.2°F in its hottest month and a low of 18.4°F in its coldest, with 13.72" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 751 cooling and 5,440 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Fremont County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fremont County
Full Fremont County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Cañon City?
A $275,000 home in Cañon City, Colorado costs approximately $2,026 per month with 20% down at 6.66%. That is $1,414 principal and interest, $90 property tax, $80 homeowners insurance, $213 utilities and $229 set aside for maintenance.
What is the property tax rate in Cañon City?
Cañon City has an effective property tax rate of 0.393%, based on a median home value of $275,300 and median real estate taxes of $1,081. That is higher than the Fremont County average of 0.383%.
What is the average home price in Cañon City?
The median owner-occupied home value in Cañon City, Colorado is $275,300, against $282,100 across Fremont County.
Is it cheaper to rent or buy in Cañon City?
Median gross rent in Cañon City is $931 a month, against $2,026 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 Cañon City — 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.