Total monthly cost of ownership
Cost to Own a Home in Monte Vista, Colorado
A $205,000 home here costs
$1,608per 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 $69,000 a year.
A standard mortgage calculator would have told you $1,118. The real number is $491 higher every month, 44% more than the payment most buyers budget for.
Compare Rio Grande County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Monte Vista from a five-year rolling sample, and with about 4,178 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 Rio Grande 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.
Monte Vista against Rio Grande County and Colorado
| Measure | Monte Vista | Rio Grande County |
|---|---|---|
| Median home value | $204,500 | $215,400 |
| Median property tax | $919 | $893 |
| Effective tax rate | 0.449% | 0.415% |
| Median gross rent | $657 | $782 |
| Population | 4,178 | 11,394 |
The weather behind that power bill
Monte Vista sits in Rio Grande County, which averages a high of 80.1°F in its hottest month and a low of -2.2°F in its coldest, with 9.23" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 15 cooling and 8,950 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Rio Grande County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rio Grande County
Full Rio Grande County cost breakdown · Every county in Colorado
Talk to someone who works this market
These are Monte Vista 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 Monte Vista every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Monte Vista I already own here and may sell
Common questions
How much does it cost to own a home in Monte Vista?
A $205,000 home in Monte Vista, Colorado costs approximately $1,608 per month with 20% down at 7.24%. That is $1,118 principal and interest, $77 property tax, $59 homeowners insurance, $184 utilities and $171 set aside for maintenance.
What is the property tax rate in Monte Vista?
Monte Vista has an effective property tax rate of 0.449%, based on a median home value of $204,500 and median real estate taxes of $919. That is higher than the Rio Grande County average of 0.415%.
What is the average home price in Monte Vista?
The median owner-occupied home value in Monte Vista, Colorado is $204,500, against $215,400 across Rio Grande County.
Is it cheaper to rent or buy in Monte Vista?
Median gross rent in Monte Vista is $657 a month, against $1,608 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 Monte Vista?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Monte Vista, Colorado at today's rate takes a household income of roughly $69,000 a year. That covers the full $1,608 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Monte Vista, 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.