Total monthly cost of ownership
Cost to Own a Home in Rangely, Colorado
A $192,000 home here costs
$1,489per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $987. The real number is $502 higher every month — 51% 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.
Rangely against Rio Blanco County and Colorado
| Measure | Rangely | Rio Blanco County |
|---|---|---|
| Median home value | $192,200 | $243,400 |
| Median property tax | $878 | $837 |
| Effective tax rate | 0.457% | 0.344% |
| Median gross rent | $774 | $924 |
| Population | 2,572 | 6,518 |
The weather behind that power bill
Rangely sits in Rio Blanco County, which averages a high of 87.4°F in its hottest month and a low of 7.6°F in its coldest, with 15.26" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 245 cooling and 7,579 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Rio Blanco County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rio Blanco County
Full Rio Blanco County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Rangely?
A $192,000 home in Rangely, Colorado costs approximately $1,489 per month with 20% down at 6.66%. That is $987 principal and interest, $73 property tax, $56 homeowners insurance, $213 utilities and $160 set aside for maintenance.
What is the property tax rate in Rangely?
Rangely has an effective property tax rate of 0.457%, based on a median home value of $192,200 and median real estate taxes of $878. That is higher than the Rio Blanco County average of 0.344%.
What is the average home price in Rangely?
The median owner-occupied home value in Rangely, Colorado is $192,200, against $243,400 across Rio Blanco County.
Is it cheaper to rent or buy in Rangely?
Median gross rent in Rangely is $774 a month, against $1,489 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 Rangely — 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.