Total monthly cost of ownership
Cost to Own a Home in Lathrop, California
A $605,000 home here costs
$4,707per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $201,500 a year.
A standard mortgage calculator would have told you $3,351. The real number is $1,356 higher every month, 40% more than the payment most buyers budget for.
Compare San Joaquin 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.
Lathrop against San Joaquin County and California
| Measure | Lathrop | San Joaquin County |
|---|---|---|
| Median home value | $605,000 | $494,500 |
| Median property tax | $6,247 | $3,782 |
| Effective tax rate | 1.033% | 0.765% |
| Median gross rent | $2,367 | $1,633 |
| Population | 32,696 | 787,416 |
The weather behind that power bill
Lathrop sits in San Joaquin County, which averages a high of 95.4°F in its hottest month and a low of 38.4°F in its coldest, with 13.45" of precipitation a year and 56% of it in a single three-month stretch. That climate drives 1,566 cooling and 2,259 heating degree days, which is what sets the $169 electricity line above.
See the full climate breakdown for San Joaquin County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in San Joaquin County
Full San Joaquin County cost breakdown · Every county in California
Talk to someone who works this market
These are Lathrop 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 Lathrop every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lathrop I already own here and may sell
Common questions
How much does it cost to own a home in Lathrop?
A $605,000 home in Lathrop, California costs approximately $4,707 per month with 20% down at 7.4%. That is $3,351 principal and interest, $521 property tax, $94 homeowners insurance, $237 utilities and $504 set aside for maintenance.
What is the property tax rate in Lathrop?
Lathrop has an effective property tax rate of 1.033%, based on a median home value of $605,000 and median real estate taxes of $6,247. That is higher than the San Joaquin County average of 0.765%.
What is the average home price in Lathrop?
The median owner-occupied home value in Lathrop, California is $605,000, against $494,500 across San Joaquin County.
Is it cheaper to rent or buy in Lathrop?
Median gross rent in Lathrop is $2,367 a month, against $4,707 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 Lathrop?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lathrop, California at today's rate takes a household income of roughly $201,500 a year. That covers the full $4,707 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lathrop, 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.