Total monthly cost of ownership
Cost to Own a Home in Howard, Colorado
A $387,000 home here costs
$2,745per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,990. The real number is $755 higher every month — 38% 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.
Howard against Fremont County and Colorado
| Measure | Howard | Fremont County |
|---|---|---|
| Median home value | $386,500 | $282,100 |
| Median property tax | $1,285 | $1,081 |
| Effective tax rate | 0.332% | 0.383% |
| Median gross rent | $488 | $1,036 |
| Population | 1,159 | 49,394 |
The weather behind that power bill
Howard sits in Fremont County, which averages a high of 89.2°F in its hottest month and a low of 18.4°F in its coldest, with 13.72" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 751 cooling and 5,440 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Fremont County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fremont County
Full Fremont County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Howard?
A $387,000 home in Howard, Colorado costs approximately $2,745 per month with 20% down at 6.66%. That is $1,990 principal and interest, $107 property tax, $112 homeowners insurance, $213 utilities and $323 set aside for maintenance.
What is the property tax rate in Howard?
Howard has an effective property tax rate of 0.332%, based on a median home value of $386,500 and median real estate taxes of $1,285. That is lower than the Fremont County average of 0.383%.
What is the average home price in Howard?
The median owner-occupied home value in Howard, Colorado is $386,500, against $282,100 across Fremont County.
Is it cheaper to rent or buy in Howard?
Median gross rent in Howard is $488 a month, against $2,745 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 Howard — 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.