Total monthly cost of ownership
Cost to Own a Home in Steamboat Springs, Colorado
A $874,000 home here costs
$5,923per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $4,493. The real number is $1,430 higher every month — 32% 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.
Steamboat Springs against Routt County and Colorado
| Measure | Steamboat Springs | Routt County |
|---|---|---|
| Median home value | $874,400 | $756,200 |
| Median property tax | $2,815 | $2,490 |
| Effective tax rate | 0.322% | 0.329% |
| Median gross rent | $1,909 | $1,845 |
| Population | 13,341 | 24,990 |
The weather behind that power bill
Steamboat Springs sits in Routt County, which averages a high of 83.1°F in its hottest month and a low of 4.6°F in its coldest, with 24.68" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 75 cooling and 8,872 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Routt County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Routt County
Common questions
How much does it cost to own a home in Steamboat Springs?
A $874,000 home in Steamboat Springs, Colorado costs approximately $5,923 per month with 20% down at 6.66%. That is $4,493 principal and interest, $235 property tax, $253 homeowners insurance, $213 utilities and $728 set aside for maintenance.
What is the property tax rate in Steamboat Springs?
Steamboat Springs has an effective property tax rate of 0.322%, based on a median home value of $874,400 and median real estate taxes of $2,815. That is in line with the Routt County average of 0.329%.
What is the average home price in Steamboat Springs?
The median owner-occupied home value in Steamboat Springs, Colorado is $874,400, against $756,200 across Routt County.
Is it cheaper to rent or buy in Steamboat Springs?
Median gross rent in Steamboat Springs is $1,909 a month, against $5,923 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 Steamboat Springs — 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.