Total monthly cost of ownership
Cost to Own a Home in Gunnison, Colorado
A $432,000 home here costs
$3,029per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,221. The real number is $808 higher every month — 36% 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.
Gunnison against Gunnison County and Colorado
| Measure | Gunnison | Gunnison County |
|---|---|---|
| Median home value | $432,200 | $597,200 |
| Median property tax | $1,308 | $1,683 |
| Effective tax rate | 0.303% | 0.282% |
| Median gross rent | $1,120 | $1,191 |
| Population | 6,712 | 17,158 |
The weather behind that power bill
Gunnison sits in Gunnison County, which averages a high of 79.9°F in its hottest month and a low of -6.4°F in its coldest, with 10.6" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 16 cooling and 9,935 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Gunnison County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gunnison County
Full Gunnison County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Gunnison?
A $432,000 home in Gunnison, Colorado costs approximately $3,029 per month with 20% down at 6.66%. That is $2,221 principal and interest, $109 property tax, $125 homeowners insurance, $213 utilities and $360 set aside for maintenance.
What is the property tax rate in Gunnison?
Gunnison has an effective property tax rate of 0.303%, based on a median home value of $432,200 and median real estate taxes of $1,308. That is higher than the Gunnison County average of 0.282%.
What is the average home price in Gunnison?
The median owner-occupied home value in Gunnison, Colorado is $432,200, against $597,200 across Gunnison County.
Is it cheaper to rent or buy in Gunnison?
Median gross rent in Gunnison is $1,120 a month, against $3,029 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 Gunnison — 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.