Total monthly cost of ownership
Cost to Own a Home in Fowler, Colorado
A $141,000 home here costs
$1,140per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $725. The real number is $415 higher every month — 57% 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.
Fowler against Otero County and Colorado
| Measure | Fowler | Otero County |
|---|---|---|
| Median home value | $141,300 | $160,700 |
| Median property tax | $522 | $518 |
| Effective tax rate | 0.369% | 0.322% |
| Median gross rent | $823 | $796 |
| Population | 1,101 | 18,460 |
The weather behind that power bill
Fowler sits in Otero County, which averages a high of 94.2°F in its hottest month and a low of 12.6°F in its coldest, with 13.37" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 1,042 cooling and 5,698 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Otero County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Otero County
Common questions
How much does it cost to own a home in Fowler?
A $141,000 home in Fowler, Colorado costs approximately $1,140 per month with 20% down at 6.66%. That is $725 principal and interest, $43 property tax, $41 homeowners insurance, $213 utilities and $118 set aside for maintenance.
What is the property tax rate in Fowler?
Fowler has an effective property tax rate of 0.369%, based on a median home value of $141,300 and median real estate taxes of $522. That is higher than the Otero County average of 0.322%.
What is the average home price in Fowler?
The median owner-occupied home value in Fowler, Colorado is $141,300, against $160,700 across Otero County.
Is it cheaper to rent or buy in Fowler?
Median gross rent in Fowler is $823 a month, against $1,140 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 Fowler — 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.