Total monthly cost of ownership
Cost to Own a Home in Edgewater, Colorado
A $603,000 home here costs
$4,191per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,100. The real number is $1,091 higher every month — 35% 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.
Edgewater against Jefferson County and Colorado
| Measure | Edgewater | Jefferson County |
|---|---|---|
| Median home value | $603,400 | $604,400 |
| Median property tax | $2,407 | $2,867 |
| Effective tax rate | 0.399% | 0.474% |
| Median gross rent | $1,468 | $1,792 |
| Population | 4,955 | 579,715 |
The weather behind that power bill
Edgewater 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 $145 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
Common questions
How much does it cost to own a home in Edgewater?
A $603,000 home in Edgewater, Colorado costs approximately $4,191 per month with 20% down at 6.66%. That is $3,100 principal and interest, $200 property tax, $175 homeowners insurance, $213 utilities and $503 set aside for maintenance.
What is the property tax rate in Edgewater?
Edgewater has an effective property tax rate of 0.399%, based on a median home value of $603,400 and median real estate taxes of $2,407. That is lower than the Jefferson County average of 0.474%.
What is the average home price in Edgewater?
The median owner-occupied home value in Edgewater, Colorado is $603,400, against $604,400 across Jefferson County.
Is it cheaper to rent or buy in Edgewater?
Median gross rent in Edgewater is $1,468 a month, against $4,191 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 Edgewater — 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.