Total monthly cost of ownership
Cost to Own a Home in Coal Creek, Colorado
A $602,000 home here costs
$4,378per 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 $187,500 a year.
A standard mortgage calculator would have told you $3,282. The real number is $1,096 higher every month, 33% more than the payment most buyers budget for.
Compare Jefferson County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Coal Creek from a five-year rolling sample, and with about 2,357 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Jefferson County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Coal Creek against Jefferson County and Colorado
| Measure | Coal Creek | Jefferson County |
|---|---|---|
| Median home value | $601,500 | $604,400 |
| Median property tax | $2,834 | $2,867 |
| Effective tax rate | 0.471% | 0.474% |
| Median gross rent | $1,944 | $1,792 |
| Population | 2,357 | 579,715 |
Coal Creek extends across 3 counties. Figures here use Jefferson County, where most of its housing sits.
The weather behind that power bill
Coal Creek sits in Jefferson County, which averages a high of 81.2°F in its hottest month and a low of 12.5°F in its coldest, with 18.62" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 99 cooling and 7,467 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Jefferson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson County
Full Jefferson County cost breakdown · Every county in Colorado
Talk to someone who works this market
These are Coal Creek 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 Coal Creek every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Coal Creek I already own here and may sell
Common questions
How much does it cost to own a home in Coal Creek?
A $602,000 home in Coal Creek, Colorado costs approximately $4,378 per month with 20% down at 7.24%. That is $3,282 principal and interest, $236 property tax, $175 homeowners insurance, $184 utilities and $502 set aside for maintenance.
What is the property tax rate in Coal Creek?
Coal Creek has an effective property tax rate of 0.471%, based on a median home value of $601,500 and median real estate taxes of $2,834. That is in line with the Jefferson County average of 0.474%.
What is the average home price in Coal Creek?
The median owner-occupied home value in Coal Creek, Colorado is $601,500, against $604,400 across Jefferson County.
Is it cheaper to rent or buy in Coal Creek?
Median gross rent in Coal Creek is $1,944 a month, against $4,378 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 Coal Creek?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Coal Creek, Colorado at today's rate takes a household income of roughly $187,500 a year. That covers the full $4,378 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Coal Creek, 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.