Total monthly cost of ownership
Cost to Own a Home in Leadville North, Colorado
A $398,000 home here costs
$2,951per 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 $126,500 a year.
A standard mortgage calculator would have told you $2,170. The real number is $781 higher every month, 36% more than the payment most buyers budget for.
Compare Lake County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Leadville North from a five-year rolling sample, and with about 1,470 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Lake County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Leadville North against Lake County and Colorado
| Measure | Leadville North | Lake County |
|---|---|---|
| Median home value | $397,900 | $401,300 |
| Median property tax | $1,802 | $1,544 |
| Effective tax rate | 0.453% | 0.385% |
| Median gross rent | $1,705 | $1,599 |
| Population | 1,470 | 7,411 |
The weather behind that power bill
Leadville North sits in Lake County, which averages a high of 71.0°F in its hottest month and a low of 4.6°F in its coldest, with 13.52" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 0 cooling and 11,061 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Lake County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lake County
Talk to someone who works this market
These are Leadville North 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 Leadville North every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Leadville North I already own here and may sell
Common questions
How much does it cost to own a home in Leadville North?
A $398,000 home in Leadville North, Colorado costs approximately $2,951 per month with 20% down at 7.24%. That is $2,170 principal and interest, $150 property tax, $115 homeowners insurance, $184 utilities and $332 set aside for maintenance.
What is the property tax rate in Leadville North?
Leadville North has an effective property tax rate of 0.453%, based on a median home value of $397,900 and median real estate taxes of $1,802. That is higher than the Lake County average of 0.385%.
What is the average home price in Leadville North?
The median owner-occupied home value in Leadville North, Colorado is $397,900, against $401,300 across Lake County.
Is it cheaper to rent or buy in Leadville North?
Median gross rent in Leadville North is $1,705 a month, against $2,951 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 Leadville North?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Leadville North, Colorado at today's rate takes a household income of roughly $126,500 a year. That covers the full $2,951 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Leadville North, 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.