Total monthly cost of ownership
Cost to Own a Home in Silverthorne, Colorado
A $691,000 home here costs
$4,928per 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 $211,000 a year.
A standard mortgage calculator would have told you $3,767. The real number is $1,161 higher every month, 31% more than the payment most buyers budget for.
Compare Summit County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Silverthorne from a five-year rolling sample, and with about 4,657 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 Summit 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.
Silverthorne against Summit County and Colorado
| Measure | Silverthorne | Summit County |
|---|---|---|
| Median home value | $691,300 | $850,700 |
| Median property tax | $2,415 | $2,641 |
| Effective tax rate | 0.349% | 0.310% |
| Median gross rent | $1,804 | $1,851 |
| Population | 4,657 | 30,857 |
The weather behind that power bill
Silverthorne sits in Summit County, which averages a high of 75.0°F in its hottest month and a low of 1.5°F in its coldest, with 14.89" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 0 cooling and 10,736 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Summit County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Summit County
Full Summit County cost breakdown · Every county in Colorado
Talk to someone who works this market
These are Silverthorne 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 Silverthorne every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Silverthorne I already own here and may sell
Common questions
How much does it cost to own a home in Silverthorne?
A $691,000 home in Silverthorne, Colorado costs approximately $4,928 per month with 20% down at 7.24%. That is $3,767 principal and interest, $201 property tax, $200 homeowners insurance, $184 utilities and $576 set aside for maintenance.
What is the property tax rate in Silverthorne?
Silverthorne has an effective property tax rate of 0.349%, based on a median home value of $691,300 and median real estate taxes of $2,415. That is higher than the Summit County average of 0.310%.
What is the average home price in Silverthorne?
The median owner-occupied home value in Silverthorne, Colorado is $691,300, against $850,700 across Summit County.
Is it cheaper to rent or buy in Silverthorne?
Median gross rent in Silverthorne is $1,804 a month, against $4,928 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 Silverthorne?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Silverthorne, Colorado at today's rate takes a household income of roughly $211,000 a year. That covers the full $4,928 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Silverthorne, 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.