Total monthly cost of ownership
Cost to Own a Home in Mancos, Colorado
A $344,000 home here costs
$2,531per 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 $108,500 a year.
A standard mortgage calculator would have told you $1,875. The real number is $655 higher every month, 35% more than the payment most buyers budget for.
Compare Montezuma County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Mancos from a five-year rolling sample, and with about 1,016 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 Montezuma 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.
Mancos against Montezuma County and Colorado
| Measure | Mancos | Montezuma County |
|---|---|---|
| Median home value | $343,900 | $308,100 |
| Median property tax | $1,020 | $915 |
| Effective tax rate | 0.297% | 0.297% |
| Median gross rent | $962 | $974 |
| Population | 1,016 | 26,204 |
The weather behind that power bill
Mancos sits in Montezuma County, which averages a high of 90.5°F in its hottest month and a low of 16.6°F in its coldest, with 11.79" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 681 cooling and 5,817 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Montezuma County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montezuma County
Full Montezuma County cost breakdown · Every county in Colorado
Talk to someone who works this market
These are Mancos 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 Mancos every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Mancos I already own here and may sell
Common questions
How much does it cost to own a home in Mancos?
A $344,000 home in Mancos, Colorado costs approximately $2,531 per month with 20% down at 7.24%. That is $1,875 principal and interest, $85 property tax, $100 homeowners insurance, $184 utilities and $287 set aside for maintenance.
What is the property tax rate in Mancos?
Mancos has an effective property tax rate of 0.297%, based on a median home value of $343,900 and median real estate taxes of $1,020. That is in line with the Montezuma County average of 0.297%.
What is the average home price in Mancos?
The median owner-occupied home value in Mancos, Colorado is $343,900, against $308,100 across Montezuma County.
Is it cheaper to rent or buy in Mancos?
Median gross rent in Mancos is $962 a month, against $2,531 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 Mancos?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mancos, Colorado at today's rate takes a household income of roughly $108,500 a year. That covers the full $2,531 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mancos, 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.