Total monthly cost of ownership
Cost to Own a Home in Homeland, California
A $190,000 home here costs
$1,611per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $977. The real number is $635 higher every month — 65% 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.
Homeland against Riverside County and California
| Measure | Homeland | Riverside County |
|---|---|---|
| Median home value | $189,600 | $510,300 |
| Median property tax | $956 | $4,189 |
| Effective tax rate | 0.504% | 0.821% |
| Median gross rent | $1,640 | $1,814 |
| Population | 6,060 | 2,449,909 |
The weather behind that power bill
Homeland sits in Riverside County, which averages a high of 106.9°F in its hottest month and a low of 37.7°F in its coldest, with 2.96" of precipitation a year and 54% of it in a single three-month stretch. That climate drives 3,880 cooling and 1,108 heating degree days, which is what sets the $299 electricity line above.
See the full climate breakdown for Riverside County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Riverside County
Full Riverside County cost breakdown · Every county in California
Common questions
How much does it cost to own a home in Homeland?
A $190,000 home in Homeland, California costs approximately $1,611 per month with 20% down at 6.66%. That is $977 principal and interest, $80 property tax, $29 homeowners insurance, $367 utilities and $158 set aside for maintenance.
What is the property tax rate in Homeland?
Homeland has an effective property tax rate of 0.504%, based on a median home value of $189,600 and median real estate taxes of $956. That is lower than the Riverside County average of 0.821%.
What is the average home price in Homeland?
The median owner-occupied home value in Homeland, California is $189,600, against $510,300 across Riverside County.
Is it cheaper to rent or buy in Homeland?
Median gross rent in Homeland is $1,640 a month, against $1,611 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Homeland — 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.