Total monthly cost of ownership
Cost to Own a Home in Del Mar, California
A $2,000,000 home here costs
$13,256per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $10,282. The real number is $2,974 higher every month — 29% 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.
Del Mar against San Diego County and California
| Measure | Del Mar | San Diego County |
|---|---|---|
| Median home value | $2,000,001 | $791,600 |
| Median property tax | $7,551 | $5,542 |
| Effective tax rate | 0.378% | 0.700% |
| Median gross rent | $3,377 | $2,154 |
| Population | 3,921 | 3,282,782 |
The weather behind that power bill
Del Mar sits in San Diego County, which averages a high of 90.8°F in its hottest month and a low of 35.6°F in its coldest, with 14.65" of precipitation a year and 62% of it in a single three-month stretch. That climate drives 957 cooling and 2,329 heating degree days, which is what sets the $299 electricity line above.
See the full climate breakdown for San Diego County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in San Diego County
Full San Diego County cost breakdown · Every county in California
Common questions
How much does it cost to own a home in Del Mar?
A $2,000,000 home in Del Mar, California costs approximately $13,256 per month with 20% down at 6.66%. That is $10,282 principal and interest, $630 property tax, $310 homeowners insurance, $367 utilities and $1,667 set aside for maintenance.
What is the property tax rate in Del Mar?
Del Mar has an effective property tax rate of 0.378%, based on a median home value of $2,000,001 and median real estate taxes of $7,551. That is lower than the San Diego County average of 0.700%.
What is the average home price in Del Mar?
The median owner-occupied home value in Del Mar, California is $2,000,001, against $791,600 across San Diego County.
Is it cheaper to rent or buy in Del Mar?
Median gross rent in Del Mar is $3,377 a month, against $13,256 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 Del Mar — 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.