Mortgage payment estimates, closing cost breakdowns, and homebuying data for Durango, Colorado.
Pre-filled with Durango median home price and Colorado tax/insurance rates. Adjust for your property.
Estimated closing costs based on Colorado rates and fees applied to Durango prices.
The median home price in Durango is $625,000, 20% above the Colorado state median of $520,000. With a population of 19,117, Durango is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Colorado average 0.51% annually. This low property tax rate is a significant advantage for Durango buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Colorado runs approximately $3,200 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Durango is $1,850/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Durango is a higher-cost market. At $625K median, buyers need significant savings or strong income. Down payment assistance through Colorado's CHFA Down Payment Assistance program becomes especially important.