Total monthly cost of ownership
Cost to Own a Home in Clay, California
A $733,000 home here costs
$5,107per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,768. The real number is $1,339 higher every month — 36% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Clay against Sacramento County and California
| Measure | Clay | Sacramento County |
|---|---|---|
| Median home value | $732,700 | $498,900 |
| Median property tax | $2,964 | $3,768 |
| Effective tax rate | 0.405% | 0.755% |
| Median gross rent | $1,435 | $1,702 |
| Population | 1,325 | 1,584,047 |
The weather behind that power bill
Clay sits in Sacramento County, which averages a high of 94.4°F in its hottest month and a low of 40.7°F in its coldest, with 19.2" of precipitation a year and 57% of it in a single three-month stretch. That climate drives 1,576 cooling and 2,139 heating degree days, which is what sets the $299 electricity line above.
See the full climate breakdown for Sacramento County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sacramento County
Full Sacramento County cost breakdown · Every county in California
Common questions
How much does it cost to own a home in Clay?
A $733,000 home in Clay, California costs approximately $5,107 per month with 20% down at 6.66%. That is $3,768 principal and interest, $247 property tax, $114 homeowners insurance, $367 utilities and $611 set aside for maintenance.
What is the property tax rate in Clay?
Clay has an effective property tax rate of 0.405%, based on a median home value of $732,700 and median real estate taxes of $2,964. That is lower than the Sacramento County average of 0.755%.
What is the average home price in Clay?
The median owner-occupied home value in Clay, California is $732,700, against $498,900 across Sacramento County.
Is it cheaper to rent or buy in Clay?
Median gross rent in Clay is $1,435 a month, against $5,107 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Clay — 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.