Total monthly cost of ownership
Cost to Own a Home in Telluride, Colorado
A $390,000 home here costs
$2,855per 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 $122,500 a year.
A standard mortgage calculator would have told you $2,126. The real number is $729 higher every month, 34% more than the payment most buyers budget for.
Compare San Miguel County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Telluride from a five-year rolling sample, and with about 2,595 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 San Miguel 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.
Telluride against San Miguel County and Colorado
| Measure | Telluride | San Miguel County |
|---|---|---|
| Median home value | $390,300 | $613,100 |
| Median property tax | $1,284 | $1,599 |
| Effective tax rate | 0.329% | 0.261% |
| Median gross rent | $2,269 | $1,173 |
| Population | 2,595 | 8,026 |
The weather behind that power bill
Telluride sits in San Miguel County, which averages a high of 85.2°F in its hottest month and a low of 13.3°F in its coldest, with 15.75" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 268 cooling and 6,862 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for San Miguel County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in San Miguel County
Full San Miguel County cost breakdown · Every county in Colorado
Talk to someone who works this market
These are Telluride 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 Telluride every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Telluride I already own here and may sell
Common questions
How much does it cost to own a home in Telluride?
A $390,000 home in Telluride, Colorado costs approximately $2,855 per month with 20% down at 7.24%. That is $2,126 principal and interest, $107 property tax, $113 homeowners insurance, $184 utilities and $325 set aside for maintenance.
What is the property tax rate in Telluride?
Telluride has an effective property tax rate of 0.329%, based on a median home value of $390,300 and median real estate taxes of $1,284. That is higher than the San Miguel County average of 0.261%.
What is the average home price in Telluride?
The median owner-occupied home value in Telluride, Colorado is $390,300, against $613,100 across San Miguel County.
Is it cheaper to rent or buy in Telluride?
Median gross rent in Telluride is $2,269 a month, against $2,855 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 Telluride?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Telluride, Colorado at today's rate takes a household income of roughly $122,500 a year. That covers the full $2,855 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Telluride, 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.