Home Affordability in Pomona, CA
The median home price in Pomona is $550,000 with a median household income of $55,741. Housing is significantly stretched relative to local incomes.
Median Home Price
$550,000
Median Income
$55,741
Price-to-Income Ratio
9.9x
Est. Affordable Home
$217,000
Property Tax Rate
0.82%
Annual Property Tax
$4,510
Sales Tax Rate
10.25%
Cost of Living Index
118
Buying a Home in Pomona
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $55,741 in Pomona can afford a monthly housing payment of approximately $1,301. This translates to a home price of roughly $217,000, which is below the median home price of $550,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Pomona would be approximately $4,510 per year ($376/month) at the effective rate of 0.82%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $16,500 | $533,500 | Yes |
| 5% | $27,500 | $522,500 | Yes |
| 10% | $55,000 | $495,000 | Yes |
| 20% | $110,000 | $440,000 | No |
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