Home Affordability in Santa Ana, CA
The median home price in Santa Ana is $790,000 with a median household income of $62,307. Housing is significantly stretched relative to local incomes.
Median Home Price
$790,000
Median Income
$62,307
Price-to-Income Ratio
12.7x
Est. Affordable Home
$242,000
Property Tax Rate
0.70%
Annual Property Tax
$5,530
Sales Tax Rate
9.00%
Cost of Living Index
142
Buying a Home in Santa Ana
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $62,307 in Santa Ana can afford a monthly housing payment of approximately $1,454. This translates to a home price of roughly $242,000, which is below the median home price of $790,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Santa Ana would be approximately $5,530 per year ($461/month) at the effective rate of 0.70%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $23,700 | $766,300 | Yes |
| 5% | $39,500 | $750,500 | Yes |
| 10% | $79,000 | $711,000 | Yes |
| 20% | $158,000 | $632,000 | No |
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