Total monthly cost of ownership
Cost to Own a Home in Cedar Ridge, California
A $373,000 home here costs
$2,854per 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 $122,500 a year.
A standard mortgage calculator would have told you $2,034. The real number is $820 higher every month, 40% more than the payment most buyers budget for.
Compare Tuolumne County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Cedar Ridge from a five-year rolling sample, and with about 1,513 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Tuolumne County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Cedar Ridge against Tuolumne County and California
| Measure | Cedar Ridge | Tuolumne County |
|---|---|---|
| Median home value | $373,100 | $406,200 |
| Median property tax | $2,806 | $2,737 |
| Effective tax rate | 0.752% | 0.674% |
| Median gross rent | $1,397 | $1,247 |
| Population | 1,513 | 54,873 |
The weather behind that power bill
Cedar Ridge sits in Tuolumne County, which averages a high of 89.2°F in its hottest month and a low of 30.9°F in its coldest, with 49.05" of precipitation a year and 53% of it in a single three-month stretch. That climate drives 812 cooling and 4,564 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Tuolumne County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tuolumne County
Full Tuolumne County cost breakdown · Every county in California
Talk to someone who works this market
These are Cedar Ridge 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 Cedar Ridge every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Cedar Ridge I already own here and may sell
Common questions
How much does it cost to own a home in Cedar Ridge?
A $373,000 home in Cedar Ridge, California costs approximately $2,854 per month with 20% down at 7.24%. That is $2,034 principal and interest, $234 property tax, $58 homeowners insurance, $218 utilities and $311 set aside for maintenance.
What is the property tax rate in Cedar Ridge?
Cedar Ridge has an effective property tax rate of 0.752%, based on a median home value of $373,100 and median real estate taxes of $2,806. That is higher than the Tuolumne County average of 0.674%.
What is the average home price in Cedar Ridge?
The median owner-occupied home value in Cedar Ridge, California is $373,100, against $406,200 across Tuolumne County.
Is it cheaper to rent or buy in Cedar Ridge?
Median gross rent in Cedar Ridge is $1,397 a month, against $2,854 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 Cedar Ridge?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cedar Ridge, California at today's rate takes a household income of roughly $122,500 a year. That covers the full $2,854 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cedar Ridge, 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.