Total monthly cost of ownership
Cost to Own a Home in Wray, Colorado
A $206,000 home here costs
$1,604per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,059. The real number is $545 higher every month — 51% 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.
Wray against Yuma County and Colorado
| Measure | Wray | Yuma County |
|---|---|---|
| Median home value | $205,900 | $215,600 |
| Median property tax | $1,205 | $1,025 |
| Effective tax rate | 0.585% | 0.475% |
| Median gross rent | $909 | $897 |
| Population | 2,305 | 9,921 |
The weather behind that power bill
Wray sits in Yuma County, which averages a high of 90.7°F in its hottest month and a low of 15.5°F in its coldest, with 18.39" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 949 cooling and 5,948 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Yuma County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Yuma County
Common questions
How much does it cost to own a home in Wray?
A $206,000 home in Wray, Colorado costs approximately $1,604 per month with 20% down at 6.66%. That is $1,059 principal and interest, $100 property tax, $60 homeowners insurance, $213 utilities and $172 set aside for maintenance.
What is the property tax rate in Wray?
Wray has an effective property tax rate of 0.585%, based on a median home value of $205,900 and median real estate taxes of $1,205. That is higher than the Yuma County average of 0.475%.
What is the average home price in Wray?
The median owner-occupied home value in Wray, Colorado is $205,900, against $215,600 across Yuma County.
Is it cheaper to rent or buy in Wray?
Median gross rent in Wray is $909 a month, against $1,604 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 Wray — 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.