Total monthly cost of ownership
Cost to Own a Home in Deer Trail, Colorado
A $374,000 home here costs
$2,789per 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 $119,500 a year.
A standard mortgage calculator would have told you $2,039. The real number is $750 higher every month, 37% more than the payment most buyers budget for.
Compare Arapahoe County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Deer Trail from a five-year rolling sample, and with about 1,180 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 Arapahoe 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.
Deer Trail against Arapahoe County and Colorado
| Measure | Deer Trail | Arapahoe County |
|---|---|---|
| Median home value | $374,100 | $526,000 |
| Median property tax | $1,757 | $2,767 |
| Effective tax rate | 0.470% | 0.526% |
| Median gross rent | $938 | $1,812 |
| Population | 1,180 | 655,709 |
The weather behind that power bill
Deer Trail sits in Arapahoe County, which averages a high of 89.9°F in its hottest month and a low of 18.4°F in its coldest, with 14.48" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 850 cooling and 5,862 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Arapahoe County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Arapahoe County
Full Arapahoe County cost breakdown · Every county in Colorado
Talk to someone who works this market
These are Deer Trail 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 Deer Trail every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Deer Trail I already own here and may sell
Common questions
How much does it cost to own a home in Deer Trail?
A $374,000 home in Deer Trail, Colorado costs approximately $2,789 per month with 20% down at 7.24%. That is $2,039 principal and interest, $146 property tax, $108 homeowners insurance, $184 utilities and $312 set aside for maintenance.
What is the property tax rate in Deer Trail?
Deer Trail has an effective property tax rate of 0.470%, based on a median home value of $374,100 and median real estate taxes of $1,757. That is lower than the Arapahoe County average of 0.526%.
What is the average home price in Deer Trail?
The median owner-occupied home value in Deer Trail, Colorado is $374,100, against $526,000 across Arapahoe County.
Is it cheaper to rent or buy in Deer Trail?
Median gross rent in Deer Trail is $938 a month, against $2,789 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 Deer Trail?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Deer Trail, Colorado at today's rate takes a household income of roughly $119,500 a year. That covers the full $2,789 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Deer Trail, 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.