Estimate your monthly payment using California's average home price of $760,000 and property tax rate of 0.71%. Updated for 2026.
Estimates include P&I, property tax, and ~0.5% annual insurance. Does not include PMI, HOA, or utilities.
California's housing market in 2026 has a median home price of approximately $760,000, placing it significantly above the national median of around $420,000. California's housing shortage has made it one of the least affordable states with median prices well above the national average. Whether you're buying your first home in Los Angeles or relocating from another state, understanding your true monthly mortgage cost is essential before making an offer.
Property taxes in California average 0.71% of assessed value annually — a below-average property tax rate. On a $760,000 home, that translates to roughly $450 per month added to your mortgage payment. Los Angeles, San Francisco, and San Diego all fall under California's general property tax framework, though local millage rates vary by county and municipality. Always confirm the exact rate for the specific property you're considering.
CalHFA offers the Dream For All Shared Appreciation Loan providing up to 20% down payment assistance. Beyond state programs, FHA loans remain popular in California requiring as little as 3.5% down, while VA loans offer zero-down financing for eligible veterans and active-duty service members. Conventional loans typically require 620+ credit score and a debt-to-income ratio under 45%.
Proposition 19 limits property tax reassessment for certain transfers helping long-term homeowners manage costs. When shopping for a mortgage in California, compare offers from at least three lenders. Even a 0.25% difference in interest rate on a $760,000 home can mean thousands of dollars saved over the life of a 30-year loan. Pay close attention to APR — not just the rate — as it includes origination fees and points.
Use the calculator above to model your scenario. A 20% down payment on the average California home of $760,000 puts your estimated total monthly cost at approximately $4,730 at today's rates, before HOA fees or special assessments. Adjust the home price, down payment, and rate to match your specific situation and see how the numbers change in real time.
The average home price in California is approximately $760,000 as of 2026. Prices vary significantly by city and county — Los Angeles tends to be pricier while more rural areas offer lower prices.
California has a below-average property tax rate at 0.71% of assessed value. On a $760,000 home that adds about $450 per month to your housing cost. Rates vary by county, so verify the exact rate for your target property.
CalHFA offers the Dream For All Shared Appreciation Loan providing up to 20% down payment assistance. Additionally, FHA loans (3.5% down), VA loans (0% down for eligible veterans), and USDA rural loans may be available depending on location and eligibility.