Total monthly cost of ownership
Cost to Own a Home in Gunnison, Colorado
A $432,000 home here costs
$3,133per 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 $134,500 a year.
A standard mortgage calculator would have told you $2,355. The real number is $778 higher every month, 33% more than the payment most buyers budget for.
Compare Gunnison County with anywhere in America · full county breakdown
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 $116 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
Talk to someone who works this market
These are Gunnison 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 Gunnison every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Gunnison I already own here and may sell
Common questions
How much does it cost to own a home in Gunnison?
A $432,000 home in Gunnison, Colorado costs approximately $3,133 per month with 20% down at 7.24%. That is $2,355 principal and interest, $109 property tax, $125 homeowners insurance, $184 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 $3,133 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 Gunnison?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Gunnison, Colorado at today's rate takes a household income of roughly $134,500 a year. That covers the full $3,133 monthly cost, not just the mortgage payment.
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.