Total monthly cost of ownership
Cost to Own a Home in Ouray, Colorado
A $549,000 home here costs
$3,911per 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 $167,500 a year.
A standard mortgage calculator would have told you $2,993. The real number is $918 higher every month, 31% more than the payment most buyers budget for.
Compare Ouray County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Ouray from a five-year rolling sample, and with about 1,031 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 Ouray 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.
Ouray against Ouray County and Colorado
| Measure | Ouray | Ouray County |
|---|---|---|
| Median home value | $549,200 | $670,100 |
| Median property tax | $1,406 | $1,854 |
| Effective tax rate | 0.256% | 0.277% |
| Median gross rent | $962 | $1,398 |
| Population | 1,031 | 5,024 |
The weather behind that power bill
Ouray sits in Ouray County, which averages a high of 85.4°F in its hottest month and a low of 6.5°F in its coldest, with 16.12" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 110 cooling and 7,694 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Ouray County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ouray County
Talk to someone who works this market
These are Ouray 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 Ouray every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Ouray?
A $549,000 home in Ouray, Colorado costs approximately $3,911 per month with 20% down at 7.24%. That is $2,993 principal and interest, $117 property tax, $159 homeowners insurance, $184 utilities and $458 set aside for maintenance.
What is the property tax rate in Ouray?
Ouray has an effective property tax rate of 0.256%, based on a median home value of $549,200 and median real estate taxes of $1,406. That is lower than the Ouray County average of 0.277%.
What is the average home price in Ouray?
The median owner-occupied home value in Ouray, Colorado is $549,200, against $670,100 across Ouray County.
Is it cheaper to rent or buy in Ouray?
Median gross rent in Ouray is $962 a month, against $3,911 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 Ouray?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ouray, Colorado at today's rate takes a household income of roughly $167,500 a year. That covers the full $3,911 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ouray, 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.