Total monthly cost of ownership
Cost to Own a Home in McSwain, California
A $640,000 home here costs
$4,709per 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 $202,000 a year.
A standard mortgage calculator would have told you $3,489. The real number is $1,220 higher every month, 35% more than the payment most buyers budget for.
Compare Merced 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.
McSwain against Merced County and California
| Measure | McSwain | Merced County |
|---|---|---|
| Median home value | $639,800 | $368,400 |
| Median property tax | $4,437 | $2,487 |
| Effective tax rate | 0.693% | 0.675% |
| Median gross rent | $1,205 | $1,284 |
| Population | 5,556 | 285,597 |
The weather behind that power bill
McSwain sits in Merced County, which averages a high of 95.6°F in its hottest month and a low of 34.3°F in its coldest, with 10.45" of precipitation a year and 59% of it in a single three-month stretch. That climate drives 980 cooling and 2,909 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Merced County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Merced County
Full Merced County cost breakdown · Every county in California
Talk to someone who works this market
These are McSwain 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 McSwain every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in McSwain I already own here and may sell
Common questions
How much does it cost to own a home in McSwain?
A $640,000 home in McSwain, California costs approximately $4,709 per month with 20% down at 7.24%. That is $3,489 principal and interest, $370 property tax, $99 homeowners insurance, $218 utilities and $533 set aside for maintenance.
What is the property tax rate in McSwain?
McSwain has an effective property tax rate of 0.693%, based on a median home value of $639,800 and median real estate taxes of $4,437. That is higher than the Merced County average of 0.675%.
What is the average home price in McSwain?
The median owner-occupied home value in McSwain, California is $639,800, against $368,400 across Merced County.
Is it cheaper to rent or buy in McSwain?
Median gross rent in McSwain is $1,205 a month, against $4,709 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 McSwain?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in McSwain, California at today's rate takes a household income of roughly $202,000 a year. That covers the full $4,709 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for McSwain, 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.