Total monthly cost of ownership
Cost to Own a Home in Paonia, Colorado
A $301,000 home here costs
$2,182per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,547. The real number is $635 higher every month — 41% 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.
Paonia against Delta County and Colorado
| Measure | Paonia | Delta County |
|---|---|---|
| Median home value | $301,300 | $318,000 |
| Median property tax | $1,004 | $986 |
| Effective tax rate | 0.333% | 0.310% |
| Median gross rent | $799 | $1,080 |
| Population | 1,454 | 31,353 |
The weather behind that power bill
Paonia sits in Delta County, which averages a high of 85.6°F in its hottest month and a low of 19.0°F in its coldest, with 12.46" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 557 cooling and 6,428 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Delta County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Delta County
Common questions
How much does it cost to own a home in Paonia?
A $301,000 home in Paonia, Colorado costs approximately $2,182 per month with 20% down at 6.66%. That is $1,547 principal and interest, $84 property tax, $87 homeowners insurance, $213 utilities and $251 set aside for maintenance.
What is the property tax rate in Paonia?
Paonia has an effective property tax rate of 0.333%, based on a median home value of $301,300 and median real estate taxes of $1,004. That is higher than the Delta County average of 0.310%.
What is the average home price in Paonia?
The median owner-occupied home value in Paonia, Colorado is $301,300, against $318,000 across Delta County.
Is it cheaper to rent or buy in Paonia?
Median gross rent in Paonia is $799 a month, against $2,182 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 Paonia — 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.