Total monthly cost of ownership
Cost to Own a Home in Holyoke, Colorado
A $260,000 home here costs
$1,950per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,337. The real number is $613 higher every month — 46% 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.
Holyoke against Phillips County and Colorado
| Measure | Holyoke | Phillips County |
|---|---|---|
| Median home value | $260,000 | $255,300 |
| Median property tax | $1,292 | $1,263 |
| Effective tax rate | 0.497% | 0.495% |
| Median gross rent | $1,056 | $947 |
| Population | 2,378 | 4,491 |
The weather behind that power bill
Holyoke sits in Phillips County, which averages a high of 88.0°F in its hottest month and a low of 12.7°F in its coldest, with 17.93" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 700 cooling and 6,545 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Phillips County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Phillips County
No other places of this size are published in Phillips County.
Full Phillips County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Holyoke?
A $260,000 home in Holyoke, Colorado costs approximately $1,950 per month with 20% down at 6.66%. That is $1,337 principal and interest, $108 property tax, $75 homeowners insurance, $213 utilities and $217 set aside for maintenance.
What is the property tax rate in Holyoke?
Holyoke has an effective property tax rate of 0.497%, based on a median home value of $260,000 and median real estate taxes of $1,292. That is in line with the Phillips County average of 0.495%.
What is the average home price in Holyoke?
The median owner-occupied home value in Holyoke, Colorado is $260,000, against $255,300 across Phillips County.
Is it cheaper to rent or buy in Holyoke?
Median gross rent in Holyoke is $1,056 a month, against $1,950 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 Holyoke — 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.