Home Affordability in Sacramento, CA
The median home price in Sacramento is $475,000 with a median household income of $65,239. Housing is significantly stretched relative to local incomes.
Median Home Price
$475,000
Median Income
$65,239
Price-to-Income Ratio
7.3x
Est. Affordable Home
$254,000
Property Tax Rate
0.70%
Annual Property Tax
$3,325
Sales Tax Rate
8.75%
Cost of Living Index
118
Buying a Home in Sacramento
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $65,239 in Sacramento can afford a monthly housing payment of approximately $1,522. This translates to a home price of roughly $254,000, which is below the median home price of $475,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Sacramento would be approximately $3,325 per year ($277/month) at the effective rate of 0.70%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $14,250 | $460,750 | Yes |
| 5% | $23,750 | $451,250 | Yes |
| 10% | $47,500 | $427,500 | Yes |
| 20% | $95,000 | $380,000 | No |
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