Total monthly cost of ownership
Cost to Own a Home in Hotchkiss, Colorado
A $266,000 home here costs
$1,941per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,368. The real number is $573 higher every month — 42% 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.
Hotchkiss against Delta County and Colorado
| Measure | Hotchkiss | Delta County |
|---|---|---|
| Median home value | $265,500 | $318,000 |
| Median property tax | $730 | $986 |
| Effective tax rate | 0.275% | 0.310% |
| Median gross rent | $1,147 | $1,080 |
| Population | 1,147 | 31,353 |
The weather behind that power bill
Hotchkiss sits in Delta County, which averages a high of 85.6°F in its hottest month and a low of 19.0°F in its coldest, with 12.46" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 557 cooling and 6,428 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Delta County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Delta County
Common questions
How much does it cost to own a home in Hotchkiss?
A $266,000 home in Hotchkiss, Colorado costs approximately $1,941 per month with 20% down at 6.66%. That is $1,368 principal and interest, $61 property tax, $77 homeowners insurance, $213 utilities and $222 set aside for maintenance.
What is the property tax rate in Hotchkiss?
Hotchkiss has an effective property tax rate of 0.275%, based on a median home value of $265,500 and median real estate taxes of $730. That is lower than the Delta County average of 0.310%.
What is the average home price in Hotchkiss?
The median owner-occupied home value in Hotchkiss, Colorado is $265,500, against $318,000 across Delta County.
Is it cheaper to rent or buy in Hotchkiss?
Median gross rent in Hotchkiss is $1,147 a month, against $1,941 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 Hotchkiss — 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.