Home Affordability in Stockton, CA
The median home price in Stockton is $430,000 with a median household income of $55,372. Housing is significantly stretched relative to local incomes.
Median Home Price
$430,000
Median Income
$55,372
Price-to-Income Ratio
7.8x
Est. Affordable Home
$215,000
Property Tax Rate
0.92%
Annual Property Tax
$3,956
Sales Tax Rate
9.00%
Cost of Living Index
107
Buying a Home in Stockton
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $55,372 in Stockton can afford a monthly housing payment of approximately $1,292. This translates to a home price of roughly $215,000, which is below the median home price of $430,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Stockton would be approximately $3,956 per year ($330/month) at the effective rate of 0.92%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $12,900 | $417,100 | Yes |
| 5% | $21,500 | $408,500 | Yes |
| 10% | $43,000 | $387,000 | Yes |
| 20% | $86,000 | $344,000 | No |
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