Total monthly cost of ownership
Cost to Own a Home in Collierville, California
A $726,000 home here costs
$5,222per 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 $224,000 a year.
A standard mortgage calculator would have told you $3,958. The real number is $1,264 higher every month, 32% more than the payment most buyers budget for.
Compare San Joaquin County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Collierville from a five-year rolling sample, and with about 2,107 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 San Joaquin 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.
Collierville against San Joaquin County and California
| Measure | Collierville | San Joaquin County |
|---|---|---|
| Median home value | $725,700 | $494,500 |
| Median property tax | $3,944 | $3,782 |
| Effective tax rate | 0.543% | 0.765% |
| Median gross rent | $1,684 | $1,633 |
| Population | 2,107 | 787,416 |
The weather behind that power bill
Collierville sits in San Joaquin County, which averages a high of 95.4°F in its hottest month and a low of 38.4°F in its coldest, with 13.45" of precipitation a year and 56% of it in a single three-month stretch. That climate drives 1,566 cooling and 2,259 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for San Joaquin County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in San Joaquin County
Full San Joaquin County cost breakdown · Every county in California
Talk to someone who works this market
These are Collierville 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 Collierville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Collierville I already own here and may sell
Common questions
How much does it cost to own a home in Collierville?
A $726,000 home in Collierville, California costs approximately $5,222 per month with 20% down at 7.24%. That is $3,958 principal and interest, $329 property tax, $113 homeowners insurance, $218 utilities and $605 set aside for maintenance.
What is the property tax rate in Collierville?
Collierville has an effective property tax rate of 0.543%, based on a median home value of $725,700 and median real estate taxes of $3,944. That is lower than the San Joaquin County average of 0.765%.
What is the average home price in Collierville?
The median owner-occupied home value in Collierville, California is $725,700, against $494,500 across San Joaquin County.
Is it cheaper to rent or buy in Collierville?
Median gross rent in Collierville is $1,684 a month, against $5,222 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 Collierville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Collierville, California at today's rate takes a household income of roughly $224,000 a year. That covers the full $5,222 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Collierville, 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.