Total monthly cost of ownership
Cost to Own a Home in Durango, Colorado
A $610,000 home here costs
$4,145per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,136. The real number is $1,009 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.
Durango against La Plata County and Colorado
| Measure | Durango | La Plata County |
|---|---|---|
| Median home value | $609,700 | $549,100 |
| Median property tax | $1,328 | $1,452 |
| Effective tax rate | 0.218% | 0.264% |
| Median gross rent | $1,562 | $1,409 |
| Population | 19,257 | 56,088 |
The weather behind that power bill
Durango sits in La Plata County, which averages a high of 85.0°F in its hottest month and a low of 13.0°F in its coldest, with 19.62" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 276 cooling and 6,657 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for La Plata County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in La Plata County
Full La Plata County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Durango?
A $610,000 home in Durango, Colorado costs approximately $4,145 per month with 20% down at 6.66%. That is $3,136 principal and interest, $111 property tax, $177 homeowners insurance, $213 utilities and $508 set aside for maintenance.
What is the property tax rate in Durango?
Durango has an effective property tax rate of 0.218%, based on a median home value of $609,700 and median real estate taxes of $1,328. That is lower than the La Plata County average of 0.264%.
What is the average home price in Durango?
The median owner-occupied home value in Durango, Colorado is $609,700, against $549,100 across La Plata County.
Is it cheaper to rent or buy in Durango?
Median gross rent in Durango is $1,562 a month, against $4,145 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 Durango — 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.