Total monthly cost of ownership
Cost to Own a Home in Manitou Springs, Colorado
A $546,000 home here costs
$3,836per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,807. The real number is $1,029 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.
Manitou Springs against El Paso County and Colorado
| Measure | Manitou Springs | El Paso County |
|---|---|---|
| Median home value | $545,800 | $431,000 |
| Median property tax | $2,427 | $1,773 |
| Effective tax rate | 0.445% | 0.411% |
| Median gross rent | $1,175 | $1,609 |
| Population | 4,796 | 736,008 |
The weather behind that power bill
Manitou Springs sits in El Paso County, which averages a high of 86.5°F in its hottest month and a low of 18.5°F in its coldest, with 15.91" of precipitation a year and 52% of it in a single three-month stretch. That climate drives 608 cooling and 5,889 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for El Paso County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in El Paso County
Full El Paso County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Manitou Springs?
A $546,000 home in Manitou Springs, Colorado costs approximately $3,836 per month with 20% down at 6.66%. That is $2,807 principal and interest, $202 property tax, $158 homeowners insurance, $213 utilities and $455 set aside for maintenance.
What is the property tax rate in Manitou Springs?
Manitou Springs has an effective property tax rate of 0.445%, based on a median home value of $545,800 and median real estate taxes of $2,427. That is higher than the El Paso County average of 0.411%.
What is the average home price in Manitou Springs?
The median owner-occupied home value in Manitou Springs, Colorado is $545,800, against $431,000 across El Paso County.
Is it cheaper to rent or buy in Manitou Springs?
Median gross rent in Manitou Springs is $1,175 a month, against $3,836 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 Manitou Springs — 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.