Total monthly cost of ownership
Cost to Own a Home in Derby, Colorado
A $317,000 home here costs
$2,327per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,630. The real number is $697 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.
Derby against Adams County and Colorado
| Measure | Derby | Adams County |
|---|---|---|
| Median home value | $317,400 | $458,400 |
| Median property tax | $1,535 | $2,770 |
| Effective tax rate | 0.484% | 0.604% |
| Median gross rent | $1,721 | $1,713 |
| Population | 8,692 | 524,408 |
The weather behind that power bill
Derby sits in Adams 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 $145 electricity line above.
See the full climate breakdown for Adams County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Adams County
Common questions
How much does it cost to own a home in Derby?
A $317,000 home in Derby, Colorado costs approximately $2,327 per month with 20% down at 6.66%. That is $1,630 principal and interest, $128 property tax, $92 homeowners insurance, $213 utilities and $264 set aside for maintenance.
What is the property tax rate in Derby?
Derby has an effective property tax rate of 0.484%, based on a median home value of $317,400 and median real estate taxes of $1,535. That is lower than the Adams County average of 0.604%.
What is the average home price in Derby?
The median owner-occupied home value in Derby, Colorado is $317,400, against $458,400 across Adams County.
Is it cheaper to rent or buy in Derby?
Median gross rent in Derby is $1,721 a month, against $2,327 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 Derby — 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.