Total monthly cost of ownership
Cost to Own a Home in Mammoth Lakes, California
A $657,000 home here costs
$4,814per 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 $206,500 a year.
A standard mortgage calculator would have told you $3,582. The real number is $1,232 higher every month, 34% more than the payment most buyers budget for.
Compare Mono 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.
Mammoth Lakes against Mono County and California
| Measure | Mammoth Lakes | Mono County |
|---|---|---|
| Median home value | $657,000 | $514,300 |
| Median property tax | $4,377 | $3,936 |
| Effective tax rate | 0.666% | 0.765% |
| Median gross rent | $1,637 | $1,593 |
| Population | 7,233 | 13,169 |
The weather behind that power bill
Mammoth Lakes sits in Mono County, which averages a high of 84.2°F in its hottest month and a low of 20.6°F in its coldest, with 15.1" of precipitation a year and 53% of it in a single three-month stretch. That climate drives 299 cooling and 6,236 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Mono County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mono County
Full Mono County cost breakdown · Every county in California
Talk to someone who works this market
These are Mammoth Lakes 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 Mammoth Lakes every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Mammoth Lakes I already own here and may sell
Common questions
How much does it cost to own a home in Mammoth Lakes?
A $657,000 home in Mammoth Lakes, California costs approximately $4,814 per month with 20% down at 7.24%. That is $3,582 principal and interest, $365 property tax, $102 homeowners insurance, $218 utilities and $548 set aside for maintenance.
What is the property tax rate in Mammoth Lakes?
Mammoth Lakes has an effective property tax rate of 0.666%, based on a median home value of $657,000 and median real estate taxes of $4,377. That is lower than the Mono County average of 0.765%.
What is the average home price in Mammoth Lakes?
The median owner-occupied home value in Mammoth Lakes, California is $657,000, against $514,300 across Mono County.
Is it cheaper to rent or buy in Mammoth Lakes?
Median gross rent in Mammoth Lakes is $1,637 a month, against $4,814 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 Mammoth Lakes?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mammoth Lakes, California at today's rate takes a household income of roughly $206,500 a year. That covers the full $4,814 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mammoth Lakes, 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.