Total monthly cost of ownership
Cost to Own a Home in Truckee, California
A $884,000 home here costs
$6,457per 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 $276,500 a year.
A standard mortgage calculator would have told you $4,820. The real number is $1,637 higher every month, 34% more than the payment most buyers budget for.
Compare Nevada 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.
Truckee against Nevada County and California
| Measure | Truckee | Nevada County |
|---|---|---|
| Median home value | $884,000 | $602,800 |
| Median property tax | $6,551 | $4,468 |
| Effective tax rate | 0.741% | 0.741% |
| Median gross rent | $2,089 | $1,635 |
| Population | 16,942 | 102,452 |
The weather behind that power bill
Truckee sits in Nevada County, which averages a high of 77.8°F in its hottest month and a low of 33.1°F in its coldest, with 62.44" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 552 cooling and 5,213 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Nevada County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nevada County
Full Nevada County cost breakdown · Every county in California
Talk to someone who works this market
These are Truckee 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 Truckee every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Truckee I already own here and may sell
Common questions
How much does it cost to own a home in Truckee?
A $884,000 home in Truckee, California costs approximately $6,457 per month with 20% down at 7.24%. That is $4,820 principal and interest, $546 property tax, $137 homeowners insurance, $218 utilities and $737 set aside for maintenance.
What is the property tax rate in Truckee?
Truckee has an effective property tax rate of 0.741%, based on a median home value of $884,000 and median real estate taxes of $6,551. That is in line with the Nevada County average of 0.741%.
What is the average home price in Truckee?
The median owner-occupied home value in Truckee, California is $884,000, against $602,800 across Nevada County.
Is it cheaper to rent or buy in Truckee?
Median gross rent in Truckee is $2,089 a month, against $6,457 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 Truckee?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Truckee, California at today's rate takes a household income of roughly $276,500 a year. That covers the full $6,457 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Truckee, 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.