Total monthly cost of ownership
Cost to Own a Home in Stratmoor, Colorado
A $276,000 home here costs
$2,102per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $90,000 a year.
A standard mortgage calculator would have told you $1,517. The real number is $585 higher every month, 39% more than the payment most buyers budget for.
Compare El Paso County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Stratmoor against El Paso County and Colorado
| Measure | Stratmoor | El Paso County |
|---|---|---|
| Median home value | $276,000 | $431,000 |
| Median property tax | $1,095 | $1,773 |
| Effective tax rate | 0.397% | 0.411% |
| Median gross rent | $1,244 | $1,609 |
| Population | 6,396 | 736,008 |
The weather behind that power bill
Stratmoor sits in El Paso County, which averages a high of 86.5°F in its hottest month and a low of 18.5°F in its coldest, with 15.91" of precipitation a year and 52% of it in a single three-month stretch. That climate drives 608 cooling and 5,889 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for El Paso County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in El Paso County
Full El Paso County cost breakdown · Every county in Colorado
Talk to someone who works this market
These are Stratmoor 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 Stratmoor every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Stratmoor I already own here and may sell
Common questions
How much does it cost to own a home in Stratmoor?
A $276,000 home in Stratmoor, Colorado costs approximately $2,102 per month with 20% down at 7.32%. That is $1,517 principal and interest, $91 property tax, $80 homeowners insurance, $184 utilities and $230 set aside for maintenance.
What is the property tax rate in Stratmoor?
Stratmoor has an effective property tax rate of 0.397%, based on a median home value of $276,000 and median real estate taxes of $1,095. That is lower than the El Paso County average of 0.411%.
What is the average home price in Stratmoor?
The median owner-occupied home value in Stratmoor, Colorado is $276,000, against $431,000 across El Paso County.
Is it cheaper to rent or buy in Stratmoor?
Median gross rent in Stratmoor is $1,244 a month, against $2,102 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 Stratmoor?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Stratmoor, Colorado at today's rate takes a household income of roughly $90,000 a year. That covers the full $2,102 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Stratmoor, 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.