Total monthly cost of ownership
Cost to Own a Home in Coarsegold, California
A $315,000 home here costs
$2,495per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $107,000 a year.
A standard mortgage calculator would have told you $1,745. The real number is $750 higher every month, 43% more than the payment most buyers budget for.
Compare Madera County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Coarsegold from a five-year rolling sample, and with about 4,301 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 Madera 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.
Coarsegold against Madera County and California
| Measure | Coarsegold | Madera County |
|---|---|---|
| Median home value | $315,000 | $367,700 |
| Median property tax | $2,423 | $2,575 |
| Effective tax rate | 0.769% | 0.700% |
| Median gross rent | $1,420 | $1,307 |
| Population | 4,301 | 158,790 |
The weather behind that power bill
Coarsegold sits in Madera County, which averages a high of 97.7°F in its hottest month and a low of 37.6°F in its coldest, with 10.79" of precipitation a year and 56% of it in a single three-month stretch. That climate drives 1,749 cooling and 2,356 heating degree days, which is what sets the $169 electricity line above.
See the full climate breakdown for Madera County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Madera County
Full Madera County cost breakdown · Every county in California
Talk to someone who works this market
These are Coarsegold 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 Coarsegold every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Coarsegold I already own here and may sell
Common questions
How much does it cost to own a home in Coarsegold?
A $315,000 home in Coarsegold, California costs approximately $2,495 per month with 20% down at 7.4%. That is $1,745 principal and interest, $202 property tax, $49 homeowners insurance, $237 utilities and $263 set aside for maintenance.
What is the property tax rate in Coarsegold?
Coarsegold has an effective property tax rate of 0.769%, based on a median home value of $315,000 and median real estate taxes of $2,423. That is higher than the Madera County average of 0.700%.
What is the average home price in Coarsegold?
The median owner-occupied home value in Coarsegold, California is $315,000, against $367,700 across Madera County.
Is it cheaper to rent or buy in Coarsegold?
Median gross rent in Coarsegold is $1,420 a month, against $2,495 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 Coarsegold?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Coarsegold, California at today's rate takes a household income of roughly $107,000 a year. That covers the full $2,495 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Coarsegold, 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.