Total monthly cost of ownership
Cost to Own a Home in Granite Bay, California
A $1,094,000 home here costs
$8,020per 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 $343,500 a year.
A standard mortgage calculator would have told you $5,964. The real number is $2,056 higher every month, 34% more than the payment most buyers budget for.
Compare Placer 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.
Granite Bay against Placer County and California
| Measure | Granite Bay | Placer County |
|---|---|---|
| Median home value | $1,094,100 | $658,800 |
| Median property tax | $9,078 | $5,600 |
| Effective tax rate | 0.830% | 0.850% |
| Median gross rent | $2,609 | $1,991 |
| Population | 21,378 | 412,435 |
The weather behind that power bill
Granite Bay sits in Placer County, which averages a high of 77.8°F in its hottest month and a low of 33.1°F in its coldest, with 62.44" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 552 cooling and 5,213 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Placer County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Placer County
Full Placer County cost breakdown · Every county in California
Talk to someone who works this market
These are Granite Bay 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 Granite Bay every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Granite Bay I already own here and may sell
Common questions
How much does it cost to own a home in Granite Bay?
A $1,094,000 home in Granite Bay, California costs approximately $8,020 per month with 20% down at 7.24%. That is $5,964 principal and interest, $757 property tax, $170 homeowners insurance, $218 utilities and $912 set aside for maintenance.
What is the property tax rate in Granite Bay?
Granite Bay has an effective property tax rate of 0.830%, based on a median home value of $1,094,100 and median real estate taxes of $9,078. That is lower than the Placer County average of 0.850%.
What is the average home price in Granite Bay?
The median owner-occupied home value in Granite Bay, California is $1,094,100, against $658,800 across Placer County.
Is it cheaper to rent or buy in Granite Bay?
Median gross rent in Granite Bay is $2,609 a month, against $8,020 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 Granite Bay?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Granite Bay, California at today's rate takes a household income of roughly $343,500 a year. That covers the full $8,020 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Granite Bay, 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.