Total monthly cost of ownership
Cost to Own a Home in La Junta, Colorado
A $181,000 home here costs
$1,419per 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 $61,000 a year.
A standard mortgage calculator would have told you $987. The real number is $432 higher every month, 44% more than the payment most buyers budget for.
Compare Otero 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.
La Junta against Otero County and Colorado
| Measure | La Junta | Otero County |
|---|---|---|
| Median home value | $180,700 | $160,700 |
| Median property tax | $540 | $518 |
| Effective tax rate | 0.299% | 0.322% |
| Median gross rent | $709 | $796 |
| Population | 7,211 | 18,460 |
The weather behind that power bill
La Junta sits in Otero County, which averages a high of 94.2°F in its hottest month and a low of 12.6°F in its coldest, with 13.37" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 1,042 cooling and 5,698 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Otero County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Otero County
Talk to someone who works this market
These are La Junta 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 La Junta every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in La Junta I already own here and may sell
Common questions
How much does it cost to own a home in La Junta?
A $181,000 home in La Junta, Colorado costs approximately $1,419 per month with 20% down at 7.24%. That is $987 principal and interest, $45 property tax, $52 homeowners insurance, $184 utilities and $151 set aside for maintenance.
What is the property tax rate in La Junta?
La Junta has an effective property tax rate of 0.299%, based on a median home value of $180,700 and median real estate taxes of $540. That is lower than the Otero County average of 0.322%.
What is the average home price in La Junta?
The median owner-occupied home value in La Junta, Colorado is $180,700, against $160,700 across Otero County.
Is it cheaper to rent or buy in La Junta?
Median gross rent in La Junta is $709 a month, against $1,419 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 La Junta?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in La Junta, Colorado at today's rate takes a household income of roughly $61,000 a year. That covers the full $1,419 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for La Junta, 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.