How much do homeowners pay a month in Cortez, CO?
Homeowners with a mortgage in Cortez, CO pay a median of $1,297 (±$97) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $421 (±$34).
58.8% of owned homes carry a mortgage.
In Cortez, the median monthly cost with a mortgage went from $1,183 in 2015–2019 to $1,297 in 2020–2024 (+9.6%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $1,297 (±$97)
- Without a mortgage
- $421 (±$34)
- Owned with a mortgage
- 58.8%
Monthly owner costs in Cortez
| Cortez | Montezuma County | Colorado | United States | |
|---|---|---|---|---|
| With a mortgage | $1,297 (±$97) | $1,544 (±$153) | $2,326 (±$9) | $1,963 |
| Without a mortgage | $421 (±$34) | $406 (±$26) | $663 (±$4) | $638 |
| Owned homes with a mortgage | 58.8% (±7.0 points) | 54.2% (±4.4 points) | 69.4% (±0.3 points) | 60.6% |
| Median real estate taxes (a year) | $701 (±$106) | $958 (±$65) | $2,602 (±$10) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Cortez, the median cost with a mortgage is lower than in Montezuma County ($1,544).
It is also lower than in Colorado ($2,326).
It is lower than the national figure ($1,963).
In Montezuma County, Cortez ranks 3 of 4 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 271 of 316.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Cortez have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,183 (±$79) | $1,297 (±$97) | +9.6% | Down after inflation |
| Median real estate taxes | $690 (±$72) | $701 (±$106) | +1.6% | Down after inflation |
| Median home value | $170,300 (±$11,359) | $272,900 (±$17,718) | +60.2% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Cortez
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Cortez | — | $1,297 (±$97) | — |
| Dolores | 9.6 mi | $1,227 (±$368) | Not measurably different |
| Towaoc | 13 mi | $2,063 (±$1,449) | Not measurably different |
| Mancos | 16 mi | $1,436 (±$216) | Not measurably different |
| Dove Creek | 34 mi | $1,004 (±$218) | Lower |
| La Plata | 38 mi | $1,317 (±$136) | Not measurably different |
| Rico | 38 mi | $1,634 (±$251) | Higher |
| Durango | 39 mi | $2,151 (±$131) | Higher |
| Shiprock | 39 mi | $1,068 (±$71) | Lower |
Nearby places with a measurably lower figure: Dove Creek, CO ($1,004), Shiprock, NM ($1,068).
Nearby places with a measurably higher figure: Rico, CO ($1,634), Durango, CO ($2,151).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Montezuma County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Towaoc | $2,063 (±$1,449) |
| 2 | Mancos | $1,436 (±$216) |
| 3 | Cortez | $1,297 (±$97) |
| 4 | Dolores | $1,227 (±$368) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Cortez
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Cortez beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Cortez, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Cortez, and send estimates and invoices from your phone.
Questions about Cortez
What is the average mortgage payment in Cortez?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Cortez, CO is $1,297 (±$97) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Cortez?
Owners without a mortgage in Cortez pay a median of $421 (±$34) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Cortez gone up?
In Cortez, the median monthly cost with a mortgage went from $1,183 in 2015–2019 to $1,297 in 2020–2024 (+9.6%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cortez city, Colorado
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Cortez city, Colorado
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Cortez city, Colorado
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Cortez city, Colorado
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Cortez city, Colorado
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Cortez city, Colorado (place:17375, in state:08).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Cortez at a glance
- Median rent in Cortez
- Rent by bedrooms in Cortez
- Rent burden in Cortez
- Renters and owners in Cortez
- Income and affordability in Cortez
- Home values in Cortez
- Property taxes in Cortez
- Types of homes in Cortez
- Bedrooms in Cortez
- Age of homes in Cortez
- Heating fuel in Cortez
- Commute and cars in Cortez
- Crime reported to police in Cortez
- Population growth in Cortez
- How long people stay in Cortez
- Crowding and facilities in Cortez
- Colorado landlord and tenant rules
- Housing across Montezuma County
- Housing data for every place in Colorado