What It Really Costs to Own a Home in Nevada County
If you’re thinking about buying a home in Nevada County, it’s important to look beyond just the purchase price. Owning a home here includes several ongoing costs—some of which are different from what you’d see in a typical suburban market.
I’m Bob Sawyer with RE/MAX Gold, and one of the things I help buyers understand is the true cost of ownership, so there are no surprises after you close.
NEVADA COUNTY MARKET SNAPSHOT
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The Main Costs of Owning a Home in Nevada County
When you buy a home, your monthly cost typically includes:
- Mortgage payment
- Property taxes
- Insurance
- Utilities
- Maintenance
In Nevada County, a few of these stand out more than others.
Thinking About Moving to Nevada County, CA?
Utilities and Monthly Costs
Utilities in Nevada County can be a little different than what buyers are used to.
Depending on the property, you may have:
- PG&E (electricity)
- propane instead of natural gas
- well water instead of city water
- septic systems instead of sewer
Overall housing and utility costs for the area average around $2,600–$3,600/month depending on household size. That can vary based on how the home is set up.
HOA Fees (When Applicable)
Not all properties have HOA fees, but some communities do.
For example:
- Lake of the Pines
- Lake Wildwood
These communities offer amenities like:
- lakes
- golf courses
- security
HOA dues vary, but they’re something to factor into your monthly cost if you’re considering those areas.
How to Estimate Your Total Monthly Cost
A rough monthly breakdown might look like:
- Mortgage: depends on price and down payment
- Property tax: ~1.1% annually
- Insurance: varies (this is key)
- Utilities: moderate but property-dependent
- Maintenance: varies based on property size
The key is putting all of these together—not just focusing on the purchase price.
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