Total monthly cost of ownership
Cost to Own a Home in Temescal Valley, California
A $648,000 home here costs
$4,895per 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 $210,000 a year.
A standard mortgage calculator would have told you $3,533. The real number is $1,362 higher every month, 39% more than the payment most buyers budget for.
Compare Riverside 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.
Temescal Valley against Riverside County and California
| Measure | Temescal Valley | Riverside County |
|---|---|---|
| Median home value | $648,200 | $510,300 |
| Median property tax | $6,054 | $4,189 |
| Effective tax rate | 0.934% | 0.821% |
| Median gross rent | $2,794 | $1,814 |
| Population | 28,560 | 2,449,909 |
The weather behind that power bill
Temescal Valley sits in Riverside County, which averages a high of 106.9°F in its hottest month and a low of 37.7°F in its coldest, with 2.96" of precipitation a year and 54% of it in a single three-month stretch. That climate drives 3,880 cooling and 1,108 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Riverside County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Riverside County
Full Riverside County cost breakdown · Every county in California
Talk to someone who works this market
These are Temescal Valley 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 Temescal Valley every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Temescal Valley I already own here and may sell
Common questions
How much does it cost to own a home in Temescal Valley?
A $648,000 home in Temescal Valley, California costs approximately $4,895 per month with 20% down at 7.24%. That is $3,533 principal and interest, $504 property tax, $100 homeowners insurance, $218 utilities and $540 set aside for maintenance.
What is the property tax rate in Temescal Valley?
Temescal Valley has an effective property tax rate of 0.934%, based on a median home value of $648,200 and median real estate taxes of $6,054. That is higher than the Riverside County average of 0.821%.
What is the average home price in Temescal Valley?
The median owner-occupied home value in Temescal Valley, California is $648,200, against $510,300 across Riverside County.
Is it cheaper to rent or buy in Temescal Valley?
Median gross rent in Temescal Valley is $2,794 a month, against $4,895 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 Temescal Valley?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Temescal Valley, California at today's rate takes a household income of roughly $210,000 a year. That covers the full $4,895 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Temescal Valley, 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.