Total monthly cost of ownership
Cost to Own a Home in Lake Sherwood, California
A $2,000,000 home here costs
$14,253per 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 $611,000 a year.
A standard mortgage calculator would have told you $10,904. The real number is $3,349 higher every month, 31% more than the payment most buyers budget for.
Compare Ventura County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lake Sherwood from a five-year rolling sample, and with about 1,515 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 Ventura 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.
Lake Sherwood against Ventura County and California
| Measure | Lake Sherwood | Ventura County |
|---|---|---|
| Median home value | $2,000,000+ | $768,400 |
| Median property tax | $10,001 | $5,326 |
| Effective tax rate | 0.693% | 0.693% |
| Median gross rent | — | $2,248 |
| Population | 1,515 | 838,259 |
The weather behind that power bill
Lake Sherwood sits in Ventura County, which averages a high of 79.6°F in its hottest month and a low of 43.8°F in its coldest, with 12.01" of precipitation a year and 65% of it in a single three-month stretch. That climate drives 643 cooling and 1,551 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Ventura County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ventura County
Full Ventura County cost breakdown · Every county in California
Talk to someone who works this market
These are Lake Sherwood 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 Lake Sherwood every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lake Sherwood I already own here and may sell
Common questions
How much does it cost to own a home in Lake Sherwood?
A $2,000,000 home in Lake Sherwood, California costs approximately $14,253 per month with 20% down at 7.24%. That is $10,904 principal and interest, $1,155 property tax, $310 homeowners insurance, $218 utilities and $1,667 set aside for maintenance.
What is the property tax rate in Lake Sherwood?
Place-level tax data is not published for Lake Sherwood, so the Ventura County rate of 0.693% applies here.
What is the average home price in Lake Sherwood?
The median owner-occupied home value in Lake Sherwood, California is above $2 million (the Census reporting cap), against $768,400 across Ventura County.
Is it cheaper to rent or buy in Lake Sherwood?
Rent data is not published for Lake Sherwood at this level of detail.
What salary do you need to buy a home in Lake Sherwood?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lake Sherwood, California at today's rate takes a household income of roughly $611,000 a year. That covers the full $14,253 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lake Sherwood, 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.