Total monthly cost of ownership
Cost to Own a Home in Lakewood, Colorado
A $548,000 home here costs
$3,862per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,817. The real number is $1,044 higher every month — 37% 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.
Lakewood against Jefferson County and Colorado
| Measure | Lakewood | Jefferson County |
|---|---|---|
| Median home value | $548,200 | $604,400 |
| Median property tax | $2,586 | $2,867 |
| Effective tax rate | 0.472% | 0.474% |
| Median gross rent | $1,746 | $1,792 |
| Population | 156,309 | 579,715 |
The weather behind that power bill
Lakewood sits in Jefferson County, which averages a high of 81.2°F in its hottest month and a low of 12.5°F in its coldest, with 18.62" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 99 cooling and 7,467 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Jefferson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson County
Full Jefferson County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Lakewood?
A $548,000 home in Lakewood, Colorado costs approximately $3,862 per month with 20% down at 6.66%. That is $2,817 principal and interest, $216 property tax, $159 homeowners insurance, $213 utilities and $457 set aside for maintenance.
What is the property tax rate in Lakewood?
Lakewood has an effective property tax rate of 0.472%, based on a median home value of $548,200 and median real estate taxes of $2,586. That is in line with the Jefferson County average of 0.474%.
What is the average home price in Lakewood?
The median owner-occupied home value in Lakewood, Colorado is $548,200, against $604,400 across Jefferson County.
Is it cheaper to rent or buy in Lakewood?
Median gross rent in Lakewood is $1,746 a month, against $3,862 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 Lakewood — 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.