Home Affordability in Oxnard, CA
The median home price in Oxnard is $680,000 with a median household income of $68,283. Housing is significantly stretched relative to local incomes.
Median Home Price
$680,000
Median Income
$68,283
Price-to-Income Ratio
10.0x
Est. Affordable Home
$266,000
Property Tax Rate
0.73%
Annual Property Tax
$4,964
Sales Tax Rate
7.25%
Cost of Living Index
134
Buying a Home in Oxnard
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $68,283 in Oxnard can afford a monthly housing payment of approximately $1,593. This translates to a home price of roughly $266,000, which is below the median home price of $680,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Oxnard would be approximately $4,964 per year ($414/month) at the effective rate of 0.73%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $20,400 | $659,600 | Yes |
| 5% | $34,000 | $646,000 | Yes |
| 10% | $68,000 | $612,000 | Yes |
| 20% | $136,000 | $544,000 | No |
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