Total monthly cost of ownership
Cost to Own a Home in Alta Sierra (Nevada County), California
A $561,000 home here costs
$4,202per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $180,000 a year.
A standard mortgage calculator would have told you $3,059. The real number is $1,143 higher every month, 37% more than the payment most buyers budget for.
Compare Nevada County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Alta Sierra (Nevada County) against Nevada County and California
| Measure | Alta Sierra (Nevada County) | Nevada County |
|---|---|---|
| Median home value | $560,600 | $602,800 |
| Median property tax | $4,453 | $4,468 |
| Effective tax rate | 0.794% | 0.741% |
| Median gross rent | $2,033 | $1,635 |
| Population | 7,061 | 102,452 |
The weather behind that power bill
Alta Sierra (Nevada County) sits in Nevada County, which averages a high of 77.8°F in its hottest month and a low of 33.1°F in its coldest, with 62.44" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 552 cooling and 5,213 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Nevada County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nevada County
Full Nevada County cost breakdown · Every county in California
Talk to someone who works this market
These are Alta Sierra (Nevada County) averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Alta Sierra (Nevada County) every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Alta Sierra (Nevada County) I already own here and may sell
Common questions
How much does it cost to own a home in Alta Sierra (Nevada County)?
A $561,000 home in Alta Sierra (Nevada County), California costs approximately $4,202 per month with 20% down at 7.24%. That is $3,059 principal and interest, $371 property tax, $87 homeowners insurance, $218 utilities and $468 set aside for maintenance.
What is the property tax rate in Alta Sierra (Nevada County)?
Alta Sierra (Nevada County) has an effective property tax rate of 0.794%, based on a median home value of $560,600 and median real estate taxes of $4,453. That is higher than the Nevada County average of 0.741%.
What is the average home price in Alta Sierra (Nevada County)?
The median owner-occupied home value in Alta Sierra (Nevada County), California is $560,600, against $602,800 across Nevada County.
Is it cheaper to rent or buy in Alta Sierra (Nevada County)?
Median gross rent in Alta Sierra (Nevada County) is $2,033 a month, against $4,202 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Alta Sierra (Nevada County)?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Alta Sierra (Nevada County), California at today's rate takes a household income of roughly $180,000 a year. That covers the full $4,202 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Alta Sierra (Nevada County), US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for California.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.