Total monthly cost of ownership
Cost to Own a Home in Edwards, Colorado
A $748,000 home here costs
$5,160per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,845. The real number is $1,315 higher every month — 34% 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.
Edwards against Eagle County and Colorado
| Measure | Edwards | Eagle County |
|---|---|---|
| Median home value | $747,700 | $814,700 |
| Median property tax | $3,136 | $3,339 |
| Effective tax rate | 0.419% | 0.410% |
| Median gross rent | $1,885 | $2,032 |
| Population | 10,415 | 55,374 |
The weather behind that power bill
Edwards sits in Eagle County, which averages a high of 82.2°F in its hottest month and a low of 8.7°F in its coldest, with 14.92" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 90 cooling and 8,142 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Eagle County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Eagle County
Common questions
How much does it cost to own a home in Edwards?
A $748,000 home in Edwards, Colorado costs approximately $5,160 per month with 20% down at 6.66%. That is $3,845 principal and interest, $261 property tax, $217 homeowners insurance, $213 utilities and $623 set aside for maintenance.
What is the property tax rate in Edwards?
Edwards has an effective property tax rate of 0.419%, based on a median home value of $747,700 and median real estate taxes of $3,136. That is in line with the Eagle County average of 0.410%.
What is the average home price in Edwards?
The median owner-occupied home value in Edwards, Colorado is $747,700, against $814,700 across Eagle County.
Is it cheaper to rent or buy in Edwards?
Median gross rent in Edwards is $1,885 a month, against $5,160 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 Edwards — 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.