Total monthly cost of ownership
Cost to Own a Home in Montrose, Colorado
A $359,000 home here costs
$2,575per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,846. The real number is $730 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.
Montrose against Montrose County and Colorado
| Measure | Montrose | Montrose County |
|---|---|---|
| Median home value | $359,000 | $357,900 |
| Median property tax | $1,356 | $1,280 |
| Effective tax rate | 0.378% | 0.358% |
| Median gross rent | $1,117 | $1,120 |
| Population | 20,703 | 43,272 |
The weather behind that power bill
Montrose sits in Montrose County, which averages a high of 90.0°F in its hottest month and a low of 15.8°F in its coldest, with 8.28" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 700 cooling and 6,017 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Montrose County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montrose County
Full Montrose County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Montrose?
A $359,000 home in Montrose, Colorado costs approximately $2,575 per month with 20% down at 6.66%. That is $1,846 principal and interest, $113 property tax, $104 homeowners insurance, $213 utilities and $299 set aside for maintenance.
What is the property tax rate in Montrose?
Montrose has an effective property tax rate of 0.378%, based on a median home value of $359,000 and median real estate taxes of $1,356. That is higher than the Montrose County average of 0.358%.
What is the average home price in Montrose?
The median owner-occupied home value in Montrose, Colorado is $359,000, against $357,900 across Montrose County.
Is it cheaper to rent or buy in Montrose?
Median gross rent in Montrose is $1,117 a month, against $2,575 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 Montrose — 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.