Home Affordability in Fontana, CA
The median home price in Fontana is $540,000 with a median household income of $71,810. Housing is significantly stretched relative to local incomes.
Median Home Price
$540,000
Median Income
$71,810
Price-to-Income Ratio
7.5x
Est. Affordable Home
$279,000
Property Tax Rate
0.88%
Annual Property Tax
$4,752
Sales Tax Rate
7.75%
Cost of Living Index
114
Buying a Home in Fontana
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $71,810 in Fontana can afford a monthly housing payment of approximately $1,676. This translates to a home price of roughly $279,000, which is below the median home price of $540,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Fontana would be approximately $4,752 per year ($396/month) at the effective rate of 0.88%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $16,200 | $523,800 | Yes |
| 5% | $27,000 | $513,000 | Yes |
| 10% | $54,000 | $486,000 | Yes |
| 20% | $108,000 | $432,000 | No |
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