Total monthly cost of ownership
Cost to Own a Home in Ojai, California
A $947,000 home here costs
$6,756per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $4,869. The real number is $1,888 higher every month — 39% 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.
Ojai against Ventura County and California
| Measure | Ojai | Ventura County |
|---|---|---|
| Median home value | $947,000 | $768,400 |
| Median property tax | $7,019 | $5,326 |
| Effective tax rate | 0.741% | 0.693% |
| Median gross rent | $1,913 | $2,248 |
| Population | 7,576 | 838,259 |
The weather behind that power bill
Ojai sits in Ventura County, which averages a high of 79.6°F in its hottest month and a low of 43.8°F in its coldest, with 12.01" of precipitation a year and 65% of it in a single three-month stretch. That climate drives 643 cooling and 1,551 heating degree days, which is what sets the $299 electricity line above.
See the full climate breakdown for Ventura County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ventura County
Full Ventura County cost breakdown · Every county in California
Common questions
How much does it cost to own a home in Ojai?
A $947,000 home in Ojai, California costs approximately $6,756 per month with 20% down at 6.66%. That is $4,869 principal and interest, $585 property tax, $147 homeowners insurance, $367 utilities and $789 set aside for maintenance.
What is the property tax rate in Ojai?
Ojai has an effective property tax rate of 0.741%, based on a median home value of $947,000 and median real estate taxes of $7,019. That is higher than the Ventura County average of 0.693%.
What is the average home price in Ojai?
The median owner-occupied home value in Ojai, California is $947,000, against $768,400 across Ventura County.
Is it cheaper to rent or buy in Ojai?
Median gross rent in Ojai is $1,913 a month, against $6,756 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 Ojai — 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.