RealCostIQ

State Guide

California Homebuyer & Homeowner Resources

Real numbers for buying and owning a home in California — taxes, true monthly costs, closing costs, first-time buyer programs, and a rent vs. buy analysis built on local data.

Updated 2026-Q2 · Source citations on every data point

Median home price

$787,508

Zillow Home Value Index, May 2026

Effective property tax rate

0.70%

Tax Foundation Property Taxes by State 2024

Avg homeowners insurance

$1,616/yr

Insurance.com Rate Analysis 2026

California guides

Quick estimate

Mortgage payment on a California median-priced home

Median price

$787,508

Down payment

20% ($157,502)

Rate (30-yr)

6.40%

P&I payment

$3,973/mo

That P&I covers 68% of your true monthly cost. The remaining $1,871/mo goes to taxes, insurance, and maintenance. See the full breakdown →

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Note: These calculations are for educational purposes — always consult a licensed professional before making financial decisions.

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