Total monthly cost of ownership
Cost to Own a Home in Limon, Colorado
A $208,000 home here costs
$1,611per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,069. The real number is $542 higher every month — 51% 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.
Limon against Lincoln County and Colorado
| Measure | Limon | Lincoln County |
|---|---|---|
| Median home value | $208,000 | $232,100 |
| Median property tax | $1,138 | $886 |
| Effective tax rate | 0.547% | 0.382% |
| Median gross rent | $889 | $854 |
| Population | 1,572 | 5,561 |
The weather behind that power bill
Limon sits in Lincoln County, which averages a high of 87.2°F in its hottest month and a low of 9.9°F in its coldest, with 14.97" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 403 cooling and 7,024 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Lincoln County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln County
No other places of this size are published in Lincoln County.
Full Lincoln County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Limon?
A $208,000 home in Limon, Colorado costs approximately $1,611 per month with 20% down at 6.66%. That is $1,069 principal and interest, $95 property tax, $60 homeowners insurance, $213 utilities and $173 set aside for maintenance.
What is the property tax rate in Limon?
Limon has an effective property tax rate of 0.547%, based on a median home value of $208,000 and median real estate taxes of $1,138. That is higher than the Lincoln County average of 0.382%.
What is the average home price in Limon?
The median owner-occupied home value in Limon, Colorado is $208,000, against $232,100 across Lincoln County.
Is it cheaper to rent or buy in Limon?
Median gross rent in Limon is $889 a month, against $1,611 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 Limon — 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.