Total monthly cost of ownership
Cost to Own a Home in Madera, California
A $336,000 home here costs
$2,609per 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 $112,000 a year.
A standard mortgage calculator would have told you $1,861. The real number is $748 higher every month, 40% more than the payment most buyers budget for.
Compare Madera 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.
Madera against Madera County and California
| Measure | Madera | Madera County |
|---|---|---|
| Median home value | $335,900 | $367,700 |
| Median property tax | $2,148 | $2,575 |
| Effective tax rate | 0.639% | 0.700% |
| Median gross rent | $1,237 | $1,307 |
| Population | 67,133 | 158,790 |
The weather behind that power bill
Madera sits in Madera County, which averages a high of 97.7°F in its hottest month and a low of 37.6°F in its coldest, with 10.79" of precipitation a year and 56% of it in a single three-month stretch. That climate drives 1,749 cooling and 2,356 heating degree days, which is what sets the $169 electricity line above.
See the full climate breakdown for Madera County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Madera County
Full Madera County cost breakdown · Every county in California
Talk to someone who works this market
These are Madera 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 Madera every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Madera I already own here and may sell
Common questions
How much does it cost to own a home in Madera?
A $336,000 home in Madera, California costs approximately $2,609 per month with 20% down at 7.4%. That is $1,861 principal and interest, $179 property tax, $52 homeowners insurance, $237 utilities and $280 set aside for maintenance.
What is the property tax rate in Madera?
Madera has an effective property tax rate of 0.639%, based on a median home value of $335,900 and median real estate taxes of $2,148. That is lower than the Madera County average of 0.700%.
What is the average home price in Madera?
The median owner-occupied home value in Madera, California is $335,900, against $367,700 across Madera County.
Is it cheaper to rent or buy in Madera?
Median gross rent in Madera is $1,237 a month, against $2,609 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 Madera?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Madera, California at today's rate takes a household income of roughly $112,000 a year. That covers the full $2,609 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Madera, 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.