Total monthly cost of ownership
Cost to Own a Home in Monument Hills, California
A $903,000 home here costs
$6,836per 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 $293,000 a year.
A standard mortgage calculator would have told you $5,002. The real number is $1,835 higher every month, 37% more than the payment most buyers budget for.
Compare Yolo County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Monument Hills from a five-year rolling sample, and with about 1,500 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Yolo County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Monument Hills against Yolo County and California
| Measure | Monument Hills | Yolo County |
|---|---|---|
| Median home value | $903,200 | $593,800 |
| Median property tax | $8,464 | $4,567 |
| Effective tax rate | 0.937% | 0.769% |
| Median gross rent | — | $1,757 |
| Population | 1,500 | 217,782 |
The weather behind that power bill
Monument Hills sits in Yolo County, which averages a high of 94.9°F in its hottest month and a low of 37.5°F in its coldest, with 20.5" of precipitation a year and 61% of it in a single three-month stretch. That climate drives 1,416 cooling and 2,432 heating degree days, which is what sets the $169 electricity line above.
See the full climate breakdown for Yolo County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Yolo County
Full Yolo County cost breakdown · Every county in California
Talk to someone who works this market
These are Monument Hills 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 Monument Hills every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Monument Hills?
A $903,000 home in Monument Hills, California costs approximately $6,836 per month with 20% down at 7.4%. That is $5,002 principal and interest, $705 property tax, $140 homeowners insurance, $237 utilities and $753 set aside for maintenance.
What is the property tax rate in Monument Hills?
Monument Hills has an effective property tax rate of 0.937%, based on a median home value of $903,200 and median real estate taxes of $8,464. That is higher than the Yolo County average of 0.769%.
What is the average home price in Monument Hills?
The median owner-occupied home value in Monument Hills, California is $903,200, against $593,800 across Yolo County.
Is it cheaper to rent or buy in Monument Hills?
Rent data is not published for Monument Hills at this level of detail.
What salary do you need to buy a home in Monument Hills?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Monument Hills, California at today's rate takes a household income of roughly $293,000 a year. That covers the full $6,836 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Monument Hills, 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.