Total monthly cost of ownership
Cost to Own a Home in Granby, Colorado
A $416,000 home here costs
$3,048per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $130,500 a year.
A standard mortgage calculator would have told you $2,268. The real number is $780 higher every month, 34% more than the payment most buyers budget for.
Compare Grand County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Granby from a five-year rolling sample, and with about 2,195 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Grand County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Granby against Grand County and Colorado
| Measure | Granby | Grand County |
|---|---|---|
| Median home value | $415,700 | $507,200 |
| Median property tax | $1,544 | $1,763 |
| Effective tax rate | 0.371% | 0.348% |
| Median gross rent | $1,292 | $1,451 |
| Population | 2,195 | 15,794 |
The weather behind that power bill
Granby sits in Grand County, which averages a high of 79.2°F in its hottest month and a low of 0.1°F in its coldest, with 14.25" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 18 cooling and 9,756 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Grand County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grand County
Talk to someone who works this market
These are Granby averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Granby every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Granby I already own here and may sell
Common questions
How much does it cost to own a home in Granby?
A $416,000 home in Granby, Colorado costs approximately $3,048 per month with 20% down at 7.24%. That is $2,268 principal and interest, $129 property tax, $121 homeowners insurance, $184 utilities and $347 set aside for maintenance.
What is the property tax rate in Granby?
Granby has an effective property tax rate of 0.371%, based on a median home value of $415,700 and median real estate taxes of $1,544. That is higher than the Grand County average of 0.348%.
What is the average home price in Granby?
The median owner-occupied home value in Granby, Colorado is $415,700, against $507,200 across Grand County.
Is it cheaper to rent or buy in Granby?
Median gross rent in Granby is $1,292 a month, against $3,048 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Granby?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Granby, Colorado at today's rate takes a household income of roughly $130,500 a year. That covers the full $3,048 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Granby, 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.