Total monthly cost of ownership
Cost to Own a Home in West Bishop, California
A $573,000 home here costs
$4,207per 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 $180,500 a year.
A standard mortgage calculator would have told you $3,124. The real number is $1,083 higher every month, 35% more than the payment most buyers budget for.
Compare Inyo County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for West Bishop from a five-year rolling sample, and with about 2,697 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Inyo County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
West Bishop against Inyo County and California
| Measure | West Bishop | Inyo County |
|---|---|---|
| Median home value | $572,600 | $338,400 |
| Median property tax | $3,584 | $2,392 |
| Effective tax rate | 0.626% | 0.707% |
| Median gross rent | $1,425 | $1,140 |
| Population | 2,697 | 18,803 |
The weather behind that power bill
West Bishop sits in Inyo County, which averages a high of 114.9°F in its hottest month and a low of 41.0°F in its coldest, with 1.95" of precipitation a year and 51% of it in a single three-month stretch. That climate drives 5,533 cooling and 1,119 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Inyo County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Inyo County
Full Inyo County cost breakdown · Every county in California
Talk to someone who works this market
These are West Bishop 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 West Bishop every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in West Bishop I already own here and may sell
Common questions
How much does it cost to own a home in West Bishop?
A $573,000 home in West Bishop, California costs approximately $4,207 per month with 20% down at 7.24%. That is $3,124 principal and interest, $299 property tax, $89 homeowners insurance, $218 utilities and $478 set aside for maintenance.
What is the property tax rate in West Bishop?
West Bishop has an effective property tax rate of 0.626%, based on a median home value of $572,600 and median real estate taxes of $3,584. That is lower than the Inyo County average of 0.707%.
What is the average home price in West Bishop?
The median owner-occupied home value in West Bishop, California is $572,600, against $338,400 across Inyo County.
Is it cheaper to rent or buy in West Bishop?
Median gross rent in West Bishop is $1,425 a month, against $4,207 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 West Bishop?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in West Bishop, California at today's rate takes a household income of roughly $180,500 a year. That covers the full $4,207 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for West Bishop, 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.