Total monthly cost of ownership
Cost to Own a Home in Lucas Valley-Marinwood, California
A $1,360,000 home here costs
$9,809per 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 $420,500 a year.
A standard mortgage calculator would have told you $7,415. The real number is $2,395 higher every month, 32% more than the payment most buyers budget for.
Compare Marin 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.
Lucas Valley-Marinwood against Marin County and California
| Measure | Lucas Valley-Marinwood | Marin County |
|---|---|---|
| Median home value | $1,360,000 | $1,390,000 |
| Median property tax | $10,001 | $10,001 |
| Effective tax rate | 0.735% | 0.719% |
| Median gross rent | $3,500+ | $2,584 |
| Population | 6,331 | 258,765 |
The weather behind that power bill
Lucas Valley-Marinwood sits in Marin County, which averages a high of 81.3°F in its hottest month and a low of 42.1°F in its coldest, with 34.45" of precipitation a year and 64% of it in a single three-month stretch. That climate drives 486 cooling and 2,481 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Marin County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marin County
Full Marin County cost breakdown · Every county in California
Talk to someone who works this market
These are Lucas Valley-Marinwood 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 Lucas Valley-Marinwood every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lucas Valley-Marinwood I already own here and may sell
Common questions
How much does it cost to own a home in Lucas Valley-Marinwood?
A $1,360,000 home in Lucas Valley-Marinwood, California costs approximately $9,809 per month with 20% down at 7.24%. That is $7,415 principal and interest, $833 property tax, $211 homeowners insurance, $218 utilities and $1,133 set aside for maintenance.
What is the property tax rate in Lucas Valley-Marinwood?
Lucas Valley-Marinwood has an effective property tax rate of 0.735%, based on a median home value of $1,360,000 and median real estate taxes of $10,001. That is higher than the Marin County average of 0.719%.
What is the average home price in Lucas Valley-Marinwood?
The median owner-occupied home value in Lucas Valley-Marinwood, California is $1,360,000, against $1,390,000 across Marin County.
Is it cheaper to rent or buy in Lucas Valley-Marinwood?
Median gross rent in Lucas Valley-Marinwood is above $3,500 (the Census reporting cap) a month, against $9,809 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 Lucas Valley-Marinwood?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lucas Valley-Marinwood, California at today's rate takes a household income of roughly $420,500 a year. That covers the full $9,809 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lucas Valley-Marinwood, 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.