Total monthly cost of ownership
Cost to Own a Home in Oildale, California
A $225,000 home here costs
$1,901per 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 $81,500 a year.
A standard mortgage calculator would have told you $1,246. The real number is $655 higher every month, 53% more than the payment most buyers budget for.
Compare Kern 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.
Oildale against Kern County and California
| Measure | Oildale | Kern County |
|---|---|---|
| Median home value | $225,000 | $310,600 |
| Median property tax | $2,345 | $2,833 |
| Effective tax rate | 1.042% | 0.912% |
| Median gross rent | $1,220 | $1,220 |
| Population | 34,971 | 910,433 |
The weather behind that power bill
Oildale sits in Kern County, which averages a high of 98.3°F in its hottest month and a low of 39.6°F in its coldest, with 6.36" of precipitation a year and 55% of it in a single three-month stretch. That climate drives 2,425 cooling and 1,958 heating degree days, which is what sets the $169 electricity line above.
See the full climate breakdown for Kern County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kern County
Full Kern County cost breakdown · Every county in California
Talk to someone who works this market
These are Oildale 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 Oildale every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Oildale I already own here and may sell
Common questions
How much does it cost to own a home in Oildale?
A $225,000 home in Oildale, California costs approximately $1,901 per month with 20% down at 7.4%. That is $1,246 principal and interest, $195 property tax, $35 homeowners insurance, $237 utilities and $188 set aside for maintenance.
What is the property tax rate in Oildale?
Oildale has an effective property tax rate of 1.042%, based on a median home value of $225,000 and median real estate taxes of $2,345. That is higher than the Kern County average of 0.912%.
What is the average home price in Oildale?
The median owner-occupied home value in Oildale, California is $225,000, against $310,600 across Kern County.
Is it cheaper to rent or buy in Oildale?
Median gross rent in Oildale is $1,220 a month, against $1,901 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 Oildale?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Oildale, California at today's rate takes a household income of roughly $81,500 a year. That covers the full $1,901 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Oildale, 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.