Total monthly cost of ownership
Cost to Own a Home in Carbondale, Colorado
A $796,000 home here costs
$5,726per 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 $245,500 a year.
A standard mortgage calculator would have told you $4,340. The real number is $1,386 higher every month, 32% more than the payment most buyers budget for.
Compare Garfield 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.
Carbondale against Garfield County and Colorado
| Measure | Carbondale | Garfield County |
|---|---|---|
| Median home value | $796,100 | $490,600 |
| Median property tax | $3,704 | $2,095 |
| Effective tax rate | 0.465% | 0.427% |
| Median gross rent | $2,255 | $1,515 |
| Population | 6,553 | 62,034 |
The weather behind that power bill
Carbondale sits in Garfield County, which averages a high of 92.1°F in its hottest month and a low of 13.4°F in its coldest, with 10.73" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 631 cooling and 6,398 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Garfield County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Garfield County
Full Garfield County cost breakdown · Every county in Colorado
Talk to someone who works this market
These are Carbondale 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 Carbondale every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Carbondale I already own here and may sell
Common questions
How much does it cost to own a home in Carbondale?
A $796,000 home in Carbondale, Colorado costs approximately $5,726 per month with 20% down at 7.24%. That is $4,340 principal and interest, $308 property tax, $231 homeowners insurance, $184 utilities and $663 set aside for maintenance.
What is the property tax rate in Carbondale?
Carbondale has an effective property tax rate of 0.465%, based on a median home value of $796,100 and median real estate taxes of $3,704. That is higher than the Garfield County average of 0.427%.
What is the average home price in Carbondale?
The median owner-occupied home value in Carbondale, Colorado is $796,100, against $490,600 across Garfield County.
Is it cheaper to rent or buy in Carbondale?
Median gross rent in Carbondale is $2,255 a month, against $5,726 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 Carbondale?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Carbondale, Colorado at today's rate takes a household income of roughly $245,500 a year. That covers the full $5,726 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Carbondale, 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.