Rent vs Own in Ouray County, Colorado

What This Data Tells Us About Renting vs Owning in Ouray County

Ouray County's numbers: a $739,800 median home value, $2,050 in yearly property tax, and a 0.28% effective rate tying the two together. The full monthly ownership bill here (mortgage, tax, insurance, standard 20%-down/6.5% financing) is $4,127; HUD's 2-bedroom rental estimate is $1,526/mo. On those assumptions, renting is about $2,601/mo cheaper than owning before accounting for equity build-up or long-term appreciation.

The median household income in Ouray County is $91,020, which puts the home-price-to-income ratio at roughly 8.1x, a common affordability yardstick flags ratios above 5x as stretched. Property taxes alone consume 2.3% of median income, versus a 2%–4% national benchmark. These are median-household snapshots, not personalized numbers, your own rent-versus-own math depends on down payment, credit, mortgage rate, how long you plan to stay, and whether you itemize the property tax deduction on your federal return.

Ouray County's 0.28% effective property tax rate is among the lowest of the 3,135 counties in this dataset -- roughly 99% of tracked counties pay a higher rate. That gap matters most for the ownership side of this comparison: a lower rate shrinks the tax line in the monthly cost above, which is part of why owning may look more competitive here than the national picture would suggest.

Ouray County moved from a HUD 2-bedroom Fair Market Rent of $1,614/mo in FY2025 to $1,526/mo in FY2026. The annual update decreased by $88/mo (-5.5%). That is a larger move than the typical single-digit annual FMR adjustment HUD applies in most counties.

This county's ownership-to-rent result ranks 63 of 64 in Colorado, using the same 20%-down and 6.5% scenario throughout this page. It sits ahead of 1 other Colorado counties on this measure.