Total monthly cost of ownership
Cost to Own a Home in Morada, California
A $635,000 home here costs
$4,772per 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 $204,500 a year.
A standard mortgage calculator would have told you $3,462. The real number is $1,310 higher every month, 38% more than the payment most buyers budget for.
Compare San Joaquin County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Morada from a five-year rolling sample, and with about 3,337 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 San Joaquin 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.
Morada against San Joaquin County and California
| Measure | Morada | San Joaquin County |
|---|---|---|
| Median home value | $634,600 | $494,500 |
| Median property tax | $5,580 | $3,782 |
| Effective tax rate | 0.879% | 0.765% |
| Median gross rent | $2,038 | $1,633 |
| Population | 3,337 | 787,416 |
The weather behind that power bill
Morada sits in San Joaquin County, which averages a high of 95.4°F in its hottest month and a low of 38.4°F in its coldest, with 13.45" of precipitation a year and 56% of it in a single three-month stretch. That climate drives 1,566 cooling and 2,259 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for San Joaquin County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in San Joaquin County
Full San Joaquin County cost breakdown · Every county in California
Talk to someone who works this market
These are Morada 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 Morada every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Morada I already own here and may sell
Common questions
How much does it cost to own a home in Morada?
A $635,000 home in Morada, California costs approximately $4,772 per month with 20% down at 7.24%. That is $3,462 principal and interest, $465 property tax, $98 homeowners insurance, $218 utilities and $529 set aside for maintenance.
What is the property tax rate in Morada?
Morada has an effective property tax rate of 0.879%, based on a median home value of $634,600 and median real estate taxes of $5,580. That is higher than the San Joaquin County average of 0.765%.
What is the average home price in Morada?
The median owner-occupied home value in Morada, California is $634,600, against $494,500 across San Joaquin County.
Is it cheaper to rent or buy in Morada?
Median gross rent in Morada is $2,038 a month, against $4,772 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 Morada?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Morada, California at today's rate takes a household income of roughly $204,500 a year. That covers the full $4,772 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Morada, 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.