Total monthly cost of ownership
Cost to Own a Home in Piedmont, California
A $2,000,000 home here costs
$14,368per 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 $616,000 a year.
A standard mortgage calculator would have told you $10,904. The real number is $3,464 higher every month, 32% more than the payment most buyers budget for.
Compare Alameda 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.
Piedmont against Alameda County and California
| Measure | Piedmont | Alameda County |
|---|---|---|
| Median home value | $2,000,000+ | $1,057,400 |
| Median property tax | $10,001 | $8,061 |
| Effective tax rate | 0.762% | 0.762% |
| Median gross rent | $3,500+ | $2,318 |
| Population | 11,012 | 1,651,949 |
The weather behind that power bill
Piedmont sits in Alameda County, which averages a high of 87.7°F in its hottest month and a low of 37.5°F in its coldest, with 15.18" of precipitation a year and 56% of it in a single three-month stretch. That climate drives 847 cooling and 2,709 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Alameda County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Alameda County
Full Alameda County cost breakdown · Every county in California
Talk to someone who works this market
These are Piedmont 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 Piedmont every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Piedmont I already own here and may sell
Common questions
How much does it cost to own a home in Piedmont?
A $2,000,000 home in Piedmont, California costs approximately $14,368 per month with 20% down at 7.24%. That is $10,904 principal and interest, $1,270 property tax, $310 homeowners insurance, $218 utilities and $1,667 set aside for maintenance.
What is the property tax rate in Piedmont?
Place-level tax data is not published for Piedmont, so the Alameda County rate of 0.762% applies here.
What is the average home price in Piedmont?
The median owner-occupied home value in Piedmont, California is above $2 million (the Census reporting cap), against $1,057,400 across Alameda County.
Is it cheaper to rent or buy in Piedmont?
Median gross rent in Piedmont is above $3,500 (the Census reporting cap) a month, against $14,368 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 Piedmont?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Piedmont, California at today's rate takes a household income of roughly $616,000 a year. That covers the full $14,368 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Piedmont, 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.