Total monthly cost of ownership
Cost to Own a Home in Parachute, Colorado
A $270,000 home here costs
$1,987per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,388. The real number is $599 higher every month — 43% 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.
Parachute against Garfield County and Colorado
| Measure | Parachute | Garfield County |
|---|---|---|
| Median home value | $269,500 | $490,600 |
| Median property tax | $989 | $2,095 |
| Effective tax rate | 0.367% | 0.427% |
| Median gross rent | $1,050 | $1,515 |
| Population | 1,513 | 62,034 |
The weather behind that power bill
Parachute sits in Garfield County, which averages a high of 92.1°F in its hottest month and a low of 13.4°F in its coldest, with 10.73" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 631 cooling and 6,398 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Garfield County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Garfield County
Full Garfield County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Parachute?
A $270,000 home in Parachute, Colorado costs approximately $1,987 per month with 20% down at 6.66%. That is $1,388 principal and interest, $83 property tax, $78 homeowners insurance, $213 utilities and $225 set aside for maintenance.
What is the property tax rate in Parachute?
Parachute has an effective property tax rate of 0.367%, based on a median home value of $269,500 and median real estate taxes of $989. That is lower than the Garfield County average of 0.427%.
What is the average home price in Parachute?
The median owner-occupied home value in Parachute, Colorado is $269,500, against $490,600 across Garfield County.
Is it cheaper to rent or buy in Parachute?
Median gross rent in Parachute is $1,050 a month, against $1,987 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 Parachute — 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.