Total monthly cost of ownership
Cost to Own a Home in Pagosa Springs, Colorado
A $354,000 home here costs
$2,623per 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 $112,500 a year.
A standard mortgage calculator would have told you $1,930. The real number is $693 higher every month, 36% more than the payment most buyers budget for.
Compare Archuleta County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Pagosa Springs from a five-year rolling sample, and with about 1,718 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 Archuleta 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.
Pagosa Springs against Archuleta County and Colorado
| Measure | Pagosa Springs | Archuleta County |
|---|---|---|
| Median home value | $353,800 | $451,400 |
| Median property tax | $1,339 | $1,541 |
| Effective tax rate | 0.378% | 0.341% |
| Median gross rent | $1,068 | $1,409 |
| Population | 1,718 | 13,730 |
The weather behind that power bill
Pagosa Springs sits in Archuleta County, which averages a high of 88.2°F in its hottest month and a low of 10.2°F in its coldest, with 17.37" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 263 cooling and 6,647 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Archuleta County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Archuleta County
No other places of this size are published in Archuleta County.
Full Archuleta County cost breakdown · Every county in Colorado
Talk to someone who works this market
These are Pagosa Springs 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 Pagosa Springs every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Pagosa Springs I already own here and may sell
Common questions
How much does it cost to own a home in Pagosa Springs?
A $354,000 home in Pagosa Springs, Colorado costs approximately $2,623 per month with 20% down at 7.24%. That is $1,930 principal and interest, $112 property tax, $103 homeowners insurance, $184 utilities and $295 set aside for maintenance.
What is the property tax rate in Pagosa Springs?
Pagosa Springs has an effective property tax rate of 0.378%, based on a median home value of $353,800 and median real estate taxes of $1,339. That is higher than the Archuleta County average of 0.341%.
What is the average home price in Pagosa Springs?
The median owner-occupied home value in Pagosa Springs, Colorado is $353,800, against $451,400 across Archuleta County.
Is it cheaper to rent or buy in Pagosa Springs?
Median gross rent in Pagosa Springs is $1,068 a month, against $2,623 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 Pagosa Springs?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Pagosa Springs, Colorado at today's rate takes a household income of roughly $112,500 a year. That covers the full $2,623 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pagosa Springs, 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.