Total monthly cost of ownership
Cost to Own a Home in Daly City, California
A $1,093,000 home here costs
$7,779per 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 $333,500 a year.
A standard mortgage calculator would have told you $5,959. The real number is $1,820 higher every month, 31% more than the payment most buyers budget for.
Compare San Mateo 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.
Daly City against San Mateo County and California
| Measure | Daly City | San Mateo County |
|---|---|---|
| Median home value | $1,092,700 | $1,494,500 |
| Median property tax | $6,264 | $9,167 |
| Effective tax rate | 0.573% | 0.613% |
| Median gross rent | $2,523 | $2,893 |
| Population | 102,560 | 745,100 |
The weather behind that power bill
Daly City sits in San Mateo County, which averages a high of 66.4°F in its hottest month and a low of 42.9°F in its coldest, with 26.04" of precipitation a year and 57% of it in a single three-month stretch. That climate drives 12 cooling and 3,701 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for San Mateo County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in San Mateo County
Full San Mateo County cost breakdown · Every county in California
Talk to someone who works this market
These are Daly City 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 Daly City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Daly City I already own here and may sell
Common questions
How much does it cost to own a home in Daly City?
A $1,093,000 home in Daly City, California costs approximately $7,779 per month with 20% down at 7.24%. That is $5,959 principal and interest, $522 property tax, $169 homeowners insurance, $218 utilities and $911 set aside for maintenance.
What is the property tax rate in Daly City?
Daly City has an effective property tax rate of 0.573%, based on a median home value of $1,092,700 and median real estate taxes of $6,264. That is lower than the San Mateo County average of 0.613%.
What is the average home price in Daly City?
The median owner-occupied home value in Daly City, California is $1,092,700, against $1,494,500 across San Mateo County.
Is it cheaper to rent or buy in Daly City?
Median gross rent in Daly City is $2,523 a month, against $7,779 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 Daly City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Daly City, California at today's rate takes a household income of roughly $333,500 a year. That covers the full $7,779 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Daly City, 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.