Mortgage Calculator & Closing Costs: Sacramento, CA
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Sacramento, California.
Median Home Price
$510K
Population
525K
Avg Monthly Rent
$1,750
Property Tax Rate
0.73% *
* Property tax shown is the California state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Sacramento.
Sacramento vs California Median
The median home price in Sacramento is $510,000, which is 35% below the California state median of $785,000.
Mortgage Calculator — Sacramento, CA
Pre-filled with Sacramento median home price and California tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $510K home using California's 0.73% tax rate and $2,200/yr insurance.
5% Down
$3,839/mo
Down: $25,500
Loan: $485K
P&I: $3,062
Tax: $310
Insurance: $183
PMI: $283
10% Down
$3,663/mo
Down: $51,000
Loan: $459K
P&I: $2,901
Tax: $310
Insurance: $183
PMI: $268
20% Down (No PMI)
$3,072/mo
Down: $102,000
Loan: $408K
P&I: $2,579
Tax: $310
Insurance: $183
Income needed (28% rule): $132K/year with 20% down, $157K/year with 10% down.
Rent vs Buy in Sacramento
Rent
$1,750/mo
vs
Buy (10% down)
$3,663/mo
Price-to-rent ratio: 24.3 — At a ratio above 20, renting may be more economical in Sacramento for shorter stays. Buying costs $1,913 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Sacramento is $510,000, 35% below the California state median of $785,000. With a population of 524,943, Sacramento is a major metro area 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 $510,000 home in Sacramento would carry roughly $310/month in property taxes. Homeowners insurance in California runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Sacramento is $1,750/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.
Sacramento is a higher-cost market. At $510K median, buyers need significant savings or strong income. Down payment assistance through California's CalHFA Dream For All program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Sacramento.