Total monthly cost of ownership
Cost to Own a Home in Monticello, Utah
A $308,000 home here costs
$2,209per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,583. The real number is $626 higher every month — 40% 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.
Monticello against San Juan County and Utah
| Measure | Monticello | San Juan County |
|---|---|---|
| Median home value | $307,900 | $189,900 |
| Median property tax | $1,661 | $1,603 |
| Effective tax rate | 0.539% | 0.844% |
| Median gross rent | $1,065 | $805 |
| Population | 1,941 | 14,466 |
The weather behind that power bill
Monticello sits in San Juan County, which averages a high of 88.6°F in its hottest month and a low of 19.8°F in its coldest, with 11.98" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 751 cooling and 5,925 heating degree days, which is what sets the $117 electricity line above.
See the full climate breakdown for San Juan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in San Juan County
Common questions
How much does it cost to own a home in Monticello?
A $308,000 home in Monticello, Utah costs approximately $2,209 per month with 20% down at 6.66%. That is $1,583 principal and interest, $138 property tax, $46 homeowners insurance, $185 utilities and $257 set aside for maintenance.
What is the property tax rate in Monticello?
Monticello has an effective property tax rate of 0.539%, based on a median home value of $307,900 and median real estate taxes of $1,661. That is lower than the San Juan County average of 0.844%.
What is the average home price in Monticello?
The median owner-occupied home value in Monticello, Utah is $307,900, against $189,900 across San Juan County.
Is it cheaper to rent or buy in Monticello?
Median gross rent in Monticello is $1,065 a month, against $2,209 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 Monticello — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Utah.
- 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.