Total monthly cost of ownership
Cost to Own a Home in Ridgemark, California
A $821,000 home here costs
$5,946per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $4,221. The real number is $1,725 higher every month — 41% 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.
Ridgemark against San Benito County and California
| Measure | Ridgemark | San Benito County |
|---|---|---|
| Median home value | $820,900 | $751,500 |
| Median property tax | $6,555 | $6,078 |
| Effective tax rate | 0.799% | 0.809% |
| Median gross rent | $3,255 | $1,922 |
| Population | 3,051 | 66,056 |
The weather behind that power bill
Ridgemark sits in San Benito County, which averages a high of 95.9°F in its hottest month and a low of 33.4°F in its coldest, with 16.57" of precipitation a year and 60% of it in a single three-month stretch. That climate drives 920 cooling and 2,857 heating degree days, which is what sets the $299 electricity line above.
See the full climate breakdown for San Benito County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in San Benito County
Full San Benito County cost breakdown · Every county in California
Common questions
How much does it cost to own a home in Ridgemark?
A $821,000 home in Ridgemark, California costs approximately $5,946 per month with 20% down at 6.66%. That is $4,221 principal and interest, $547 property tax, $127 homeowners insurance, $367 utilities and $684 set aside for maintenance.
What is the property tax rate in Ridgemark?
Ridgemark has an effective property tax rate of 0.799%, based on a median home value of $820,900 and median real estate taxes of $6,555. That is lower than the San Benito County average of 0.809%.
What is the average home price in Ridgemark?
The median owner-occupied home value in Ridgemark, California is $820,900, against $751,500 across San Benito County.
Is it cheaper to rent or buy in Ridgemark?
Median gross rent in Ridgemark is $3,255 a month, against $5,946 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 Ridgemark — 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.