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2nd Street in Monument ColoradoPhoto: Jeffrey Beall · CC BY 4.0
Housing in Monument

Buying a home in Monument

Redfin doesn’t report enough recent sales in Monument to describe its market. Below: every site where Monument homes are listed, what owning costs against renting, and what to check before you buy.

Typical home value
$744K
Zillow
Rent or buy?

Owning the typical Monument home costs about $4,239 a month

Mortgage
Property tax
Insurance
Rent

Price: Zillow’s typical home value. Property tax at Monument’s 0.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Monument is affordable on local pay is on Cost of living.

Before you buy in Monument

Five things worth knowing

0.6%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $744K home, about $4,290 a year.

Taxes vs. neighbors
A+

Schools

The schools grade for Monument, from test results, graduation and how much students grow.

Schools in Monument
29 min

Typical commute

The average one-way trip to work for people who live in Monument.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Selling, or renting out?

Post your home to Monument, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Monument. People who follow the town see it, and so do people comparing Monument with their own town. No commission, no listing fee.

Questions about buying a home in Monument

How much are property taxes in Monument?

About 0.6% of a home’s value a year. On a $744K home that’s near $4,290.

Where can I see homes for sale in Monument?

Zillow, Redfin, Realtor.com and Homes.com all carry Monument’s MLS listings; the search links above open each one filtered to Monument.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).