Total monthly cost of ownership
Cost to Own a Home in Gypsum, Colorado
A $554,000 home here costs
$4,054per 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 $173,500 a year.
A standard mortgage calculator would have told you $3,020. The real number is $1,033 higher every month, 34% more than the payment most buyers budget for.
Compare Eagle 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.
Gypsum against Eagle County and Colorado
| Measure | Gypsum | Eagle County |
|---|---|---|
| Median home value | $553,600 | $814,700 |
| Median property tax | $2,724 | $3,339 |
| Effective tax rate | 0.492% | 0.410% |
| Median gross rent | $2,198 | $2,032 |
| Population | 8,481 | 55,374 |
The weather behind that power bill
Gypsum 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 $116 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
Talk to someone who works this market
These are Gypsum 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 Gypsum every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Gypsum I already own here and may sell
Common questions
How much does it cost to own a home in Gypsum?
A $554,000 home in Gypsum, Colorado costs approximately $4,054 per month with 20% down at 7.24%. That is $3,020 principal and interest, $227 property tax, $161 homeowners insurance, $184 utilities and $462 set aside for maintenance.
What is the property tax rate in Gypsum?
Gypsum has an effective property tax rate of 0.492%, based on a median home value of $553,600 and median real estate taxes of $2,724. That is higher than the Eagle County average of 0.410%.
What is the average home price in Gypsum?
The median owner-occupied home value in Gypsum, Colorado is $553,600, against $814,700 across Eagle County.
Is it cheaper to rent or buy in Gypsum?
Median gross rent in Gypsum is $2,198 a month, against $4,054 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 Gypsum?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Gypsum, Colorado at today's rate takes a household income of roughly $173,500 a year. That covers the full $4,054 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Gypsum, 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.