Total monthly cost of ownership
Cost to Own a Home in King City, California
A $396,000 home here costs
$3,016per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,036. The real number is $980 higher every month — 48% 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.
King City against Monterey County and California
| Measure | King City | Monterey County |
|---|---|---|
| Median home value | $395,800 | $723,100 |
| Median property tax | $2,665 | $4,782 |
| Effective tax rate | 0.673% | 0.661% |
| Median gross rent | $1,527 | $1,995 |
| Population | 13,512 | 435,834 |
The weather behind that power bill
King City sits in Monterey County, which averages a high of 85.2°F in its hottest month and a low of 37.1°F in its coldest, with 11.83" of precipitation a year and 59% of it in a single three-month stretch. That climate drives 578 cooling and 2,288 heating degree days, which is what sets the $299 electricity line above.
See the full climate breakdown for Monterey County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Monterey County
Full Monterey County cost breakdown · Every county in California
Common questions
How much does it cost to own a home in King City?
A $396,000 home in King City, California costs approximately $3,016 per month with 20% down at 6.66%. That is $2,036 principal and interest, $222 property tax, $61 homeowners insurance, $367 utilities and $330 set aside for maintenance.
What is the property tax rate in King City?
King City has an effective property tax rate of 0.673%, based on a median home value of $395,800 and median real estate taxes of $2,665. That is higher than the Monterey County average of 0.661%.
What is the average home price in King City?
The median owner-occupied home value in King City, California is $395,800, against $723,100 across Monterey County.
Is it cheaper to rent or buy in King City?
Median gross rent in King City is $1,527 a month, against $3,016 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 King 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.