Total monthly cost of ownership
Cost to Own a Home in Trinidad, Colorado
A $197,000 home here costs
$1,525per 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 $65,500 a year.
A standard mortgage calculator would have told you $1,074. The real number is $451 higher every month, 42% more than the payment most buyers budget for.
Compare Las Animas 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.
Trinidad against Las Animas County and Colorado
| Measure | Trinidad | Las Animas County |
|---|---|---|
| Median home value | $196,900 | $214,500 |
| Median property tax | $554 | $524 |
| Effective tax rate | 0.281% | 0.244% |
| Median gross rent | $894 | $875 |
| Population | 8,309 | 14,392 |
The weather behind that power bill
Trinidad sits in Las Animas County, which averages a high of 90.1°F in its hottest month and a low of 18.4°F in its coldest, with 12.65" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 877 cooling and 5,271 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Las Animas County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Las Animas County
No other places of this size are published in Las Animas County.
Full Las Animas County cost breakdown · Every county in Colorado
Talk to someone who works this market
These are Trinidad 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 Trinidad every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Trinidad I already own here and may sell
Common questions
How much does it cost to own a home in Trinidad?
A $197,000 home in Trinidad, Colorado costs approximately $1,525 per month with 20% down at 7.24%. That is $1,074 principal and interest, $46 property tax, $57 homeowners insurance, $184 utilities and $164 set aside for maintenance.
What is the property tax rate in Trinidad?
Trinidad has an effective property tax rate of 0.281%, based on a median home value of $196,900 and median real estate taxes of $554. That is higher than the Las Animas County average of 0.244%.
What is the average home price in Trinidad?
The median owner-occupied home value in Trinidad, Colorado is $196,900, against $214,500 across Las Animas County.
Is it cheaper to rent or buy in Trinidad?
Median gross rent in Trinidad is $894 a month, against $1,525 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 Trinidad?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Trinidad, Colorado at today's rate takes a household income of roughly $65,500 a year. That covers the full $1,525 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Trinidad, 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.