Total monthly cost of ownership
Cost to Own a Home in Hamilton City, California
A $279,000 home here costs
$2,138per 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 $91,500 a year.
A standard mortgage calculator would have told you $1,521. The real number is $617 higher every month, 41% more than the payment most buyers budget for.
Compare Glenn County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hamilton City from a five-year rolling sample, and with about 2,295 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 Glenn 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.
Hamilton City against Glenn County and California
| Measure | Hamilton City | Glenn County |
|---|---|---|
| Median home value | $278,800 | $338,400 |
| Median property tax | $1,479 | $2,190 |
| Effective tax rate | 0.530% | 0.647% |
| Median gross rent | $865 | $1,103 |
| Population | 2,295 | 28,623 |
The weather behind that power bill
Hamilton City sits in Glenn County, which averages a high of 95.9°F in its hottest month and a low of 33.0°F in its coldest, with 21.36" of precipitation a year and 59% of it in a single three-month stretch. That climate drives 1,364 cooling and 3,190 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Glenn County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Glenn County
Full Glenn County cost breakdown · Every county in California
Talk to someone who works this market
These are Hamilton 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 Hamilton City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hamilton City I already own here and may sell
Common questions
How much does it cost to own a home in Hamilton City?
A $279,000 home in Hamilton City, California costs approximately $2,138 per month with 20% down at 7.24%. That is $1,521 principal and interest, $123 property tax, $43 homeowners insurance, $218 utilities and $233 set aside for maintenance.
What is the property tax rate in Hamilton City?
Hamilton City has an effective property tax rate of 0.530%, based on a median home value of $278,800 and median real estate taxes of $1,479. That is lower than the Glenn County average of 0.647%.
What is the average home price in Hamilton City?
The median owner-occupied home value in Hamilton City, California is $278,800, against $338,400 across Glenn County.
Is it cheaper to rent or buy in Hamilton City?
Median gross rent in Hamilton City is $865 a month, against $2,138 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 Hamilton City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hamilton City, California at today's rate takes a household income of roughly $91,500 a year. That covers the full $2,138 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hamilton 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.