Total monthly cost of ownership
Cost to Own a Home in Crested Butte, Colorado
A $928,000 home here costs
$6,293per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $4,771. The real number is $1,522 higher every month — 32% 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.
Crested Butte against Gunnison County and Colorado
| Measure | Crested Butte | Gunnison County |
|---|---|---|
| Median home value | $928,100 | $597,200 |
| Median property tax | $3,192 | $1,683 |
| Effective tax rate | 0.344% | 0.282% |
| Median gross rent | $1,437 | $1,191 |
| Population | 1,436 | 17,158 |
The weather behind that power bill
Crested Butte sits in Gunnison County, which averages a high of 79.9°F in its hottest month and a low of -6.4°F in its coldest, with 10.6" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 16 cooling and 9,935 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Gunnison County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gunnison County
Full Gunnison County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Crested Butte?
A $928,000 home in Crested Butte, Colorado costs approximately $6,293 per month with 20% down at 6.66%. That is $4,771 principal and interest, $266 property tax, $269 homeowners insurance, $213 utilities and $773 set aside for maintenance.
What is the property tax rate in Crested Butte?
Crested Butte has an effective property tax rate of 0.344%, based on a median home value of $928,100 and median real estate taxes of $3,192. That is higher than the Gunnison County average of 0.282%.
What is the average home price in Crested Butte?
The median owner-occupied home value in Crested Butte, Colorado is $928,100, against $597,200 across Gunnison County.
Is it cheaper to rent or buy in Crested Butte?
Median gross rent in Crested Butte is $1,437 a month, against $6,293 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 Crested Butte — 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.