Total monthly cost of ownership
Cost to Own a Home in Ouray, Colorado
A $549,000 home here costs
$3,770per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,822. The real number is $947 higher every month — 34% 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.
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 $145 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
Common questions
How much does it cost to own a home in Ouray?
A $549,000 home in Ouray, Colorado costs approximately $3,770 per month with 20% down at 6.66%. That is $2,822 principal and interest, $117 property tax, $159 homeowners insurance, $213 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 $3,770 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 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.