Total monthly cost of ownership
Cost to Own a Home in Ponderosa Park, Colorado
A $670,000 home here costs
$4,844per 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 $207,500 a year.
A standard mortgage calculator would have told you $3,653. The real number is $1,192 higher every month, 33% more than the payment most buyers budget for.
Compare Elbert County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Ponderosa Park from a five-year rolling sample, and with about 3,556 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 Elbert 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.
Ponderosa Park against Elbert County and Colorado
| Measure | Ponderosa Park | Elbert County |
|---|---|---|
| Median home value | $670,400 | $664,600 |
| Median property tax | $3,062 | $2,981 |
| Effective tax rate | 0.457% | 0.449% |
| Median gross rent | — | $1,436 |
| Population | 3,556 | 27,152 |
The weather behind that power bill
Ponderosa Park sits in Elbert County, which averages a high of 87.2°F in its hottest month and a low of 9.9°F in its coldest, with 14.97" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 403 cooling and 7,024 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Elbert County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Elbert County
Full Elbert County cost breakdown · Every county in Colorado
Talk to someone who works this market
These are Ponderosa Park 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 Ponderosa Park every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ponderosa Park I already own here and may sell
Common questions
How much does it cost to own a home in Ponderosa Park?
A $670,000 home in Ponderosa Park, Colorado costs approximately $4,844 per month with 20% down at 7.24%. That is $3,653 principal and interest, $255 property tax, $194 homeowners insurance, $184 utilities and $558 set aside for maintenance.
What is the property tax rate in Ponderosa Park?
Ponderosa Park has an effective property tax rate of 0.457%, based on a median home value of $670,400 and median real estate taxes of $3,062. That is in line with the Elbert County average of 0.449%.
What is the average home price in Ponderosa Park?
The median owner-occupied home value in Ponderosa Park, Colorado is $670,400, against $664,600 across Elbert County.
Is it cheaper to rent or buy in Ponderosa Park?
Rent data is not published for Ponderosa Park at this level of detail.
What salary do you need to buy a home in Ponderosa Park?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ponderosa Park, Colorado at today's rate takes a household income of roughly $207,500 a year. That covers the full $4,844 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ponderosa Park, 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.