Total monthly cost of ownership
Cost to Own a Home in Monte Vista, Colorado
A $205,000 home here costs
$1,574per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,054. The real number is $520 higher every month — 49% 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.
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 $145 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
Common questions
How much does it cost to own a home in Monte Vista?
A $205,000 home in Monte Vista, Colorado costs approximately $1,574 per month with 20% down at 6.66%. That is $1,054 principal and interest, $77 property tax, $59 homeowners insurance, $213 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 $1,574 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 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.