Total monthly cost of ownership
Cost to Own a Home in Sterling, Colorado
A $205,000 home here costs
$1,575per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,054. The real number is $521 higher every month — 49% 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.
Sterling against Logan County and Colorado
| Measure | Sterling | Logan County |
|---|---|---|
| Median home value | $205,200 | $228,100 |
| Median property tax | $930 | $1,072 |
| Effective tax rate | 0.453% | 0.470% |
| Median gross rent | $1,052 | $1,027 |
| Population | 13,273 | 21,067 |
The weather behind that power bill
Sterling sits in Logan County, which averages a high of 91.2°F in its hottest month and a low of 15.5°F in its coldest, with 15.24" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 1,003 cooling and 5,938 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Logan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Logan County
No other places of this size are published in Logan County.
Common questions
How much does it cost to own a home in Sterling?
A $205,000 home in Sterling, Colorado costs approximately $1,575 per month with 20% down at 6.66%. That is $1,054 principal and interest, $77 property tax, $59 homeowners insurance, $213 utilities and $171 set aside for maintenance.
What is the property tax rate in Sterling?
Sterling has an effective property tax rate of 0.453%, based on a median home value of $205,200 and median real estate taxes of $930. That is lower than the Logan County average of 0.470%.
What is the average home price in Sterling?
The median owner-occupied home value in Sterling, Colorado is $205,200, against $228,100 across Logan County.
Is it cheaper to rent or buy in Sterling?
Median gross rent in Sterling is $1,052 a month, against $1,575 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 Sterling — 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.