Total monthly cost of ownership
Cost to Own a Home in Newman, California
A $382,000 home here costs
$2,934per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,964. The real number is $970 higher every month — 49% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Newman against Stanislaus County and California
| Measure | Newman | Stanislaus County |
|---|---|---|
| Median home value | $381,900 | $426,600 |
| Median property tax | $2,711 | $3,025 |
| Effective tax rate | 0.710% | 0.709% |
| Median gross rent | $1,227 | $1,528 |
| Population | 12,299 | 552,250 |
The weather behind that power bill
Newman sits in Stanislaus County, which averages a high of 95.0°F in its hottest month and a low of 38.6°F in its coldest, with 12.27" of precipitation a year and 57% of it in a single three-month stretch. That climate drives 1,624 cooling and 2,300 heating degree days, which is what sets the $299 electricity line above.
See the full climate breakdown for Stanislaus County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Stanislaus County
Full Stanislaus County cost breakdown · Every county in California
Common questions
How much does it cost to own a home in Newman?
A $382,000 home in Newman, California costs approximately $2,934 per month with 20% down at 6.66%. That is $1,964 principal and interest, $226 property tax, $59 homeowners insurance, $367 utilities and $318 set aside for maintenance.
What is the property tax rate in Newman?
Newman has an effective property tax rate of 0.710%, based on a median home value of $381,900 and median real estate taxes of $2,711. That is in line with the Stanislaus County average of 0.709%.
What is the average home price in Newman?
The median owner-occupied home value in Newman, California is $381,900, against $426,600 across Stanislaus County.
Is it cheaper to rent or buy in Newman?
Median gross rent in Newman is $1,227 a month, against $2,934 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Newman — 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.