Total monthly cost of ownership
Cost to Own a Home in Wiggins, Colorado
A $323,000 home here costs
$2,464per 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 $105,500 a year.
A standard mortgage calculator would have told you $1,761. The real number is $703 higher every month, 40% more than the payment most buyers budget for.
Compare Morgan County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Wiggins from a five-year rolling sample, and with about 1,202 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 Morgan 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.
Wiggins against Morgan County and Colorado
| Measure | Wiggins | Morgan County |
|---|---|---|
| Median home value | $322,900 | $299,300 |
| Median property tax | $1,882 | $1,574 |
| Effective tax rate | 0.583% | 0.526% |
| Median gross rent | $1,392 | $1,092 |
| Population | 1,202 | 29,186 |
The weather behind that power bill
Wiggins sits in Morgan County, which averages a high of 90.2°F in its hottest month and a low of 12.7°F in its coldest, with 14.28" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 817 cooling and 6,321 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Morgan County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Morgan County
Full Morgan County cost breakdown · Every county in Colorado
Talk to someone who works this market
These are Wiggins 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 Wiggins every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Wiggins I already own here and may sell
Common questions
How much does it cost to own a home in Wiggins?
A $323,000 home in Wiggins, Colorado costs approximately $2,464 per month with 20% down at 7.24%. That is $1,761 principal and interest, $157 property tax, $94 homeowners insurance, $184 utilities and $269 set aside for maintenance.
What is the property tax rate in Wiggins?
Wiggins has an effective property tax rate of 0.583%, based on a median home value of $322,900 and median real estate taxes of $1,882. That is higher than the Morgan County average of 0.526%.
What is the average home price in Wiggins?
The median owner-occupied home value in Wiggins, Colorado is $322,900, against $299,300 across Morgan County.
Is it cheaper to rent or buy in Wiggins?
Median gross rent in Wiggins is $1,392 a month, against $2,464 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 Wiggins?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Wiggins, Colorado at today's rate takes a household income of roughly $105,500 a year. That covers the full $2,464 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Wiggins, 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.