Mortgage payment estimates, closing cost breakdowns, and homebuying data for Chico, California.
Pre-filled with Chico median home price and California tax/insurance rates. Adjust for your property.
Estimated closing costs based on California rates and fees applied to Chico prices.
The median home price in Chico is $415,000, 47% below the California state median of $785,000. With a population of 101,475, Chico is a mid-size city where home prices tend to be more accessible than in many parts of California.
Property taxes in California average 0.73% annually. This moderate property tax rate means a $415,000 home in Chico would carry roughly $252/month in property taxes. Homeowners insurance in California runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Chico is $1,480/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Chico is a higher-cost market. At $415K median, buyers need significant savings or strong income. Down payment assistance through California's CalHFA Dream For All program becomes especially important.