Home Affordability in Visalia, CA

The median home price in Visalia is $350,000 with a median household income of $54,427. Housing is significantly stretched relative to local incomes.

Median Home Price

$350,000

Median Income

$54,427

Price-to-Income Ratio

6.4x

Est. Affordable Home

$212,000

Property Tax Rate

0.78%

Annual Property Tax

$2,730

Sales Tax Rate

8.75%

Cost of Living Index

97

Buying a Home in Visalia

Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $54,427 in Visalia can afford a monthly housing payment of approximately $1,270. This translates to a home price of roughly $212,000, which is below the median home price of $350,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.

Property taxes on a median-priced home in Visalia would be approximately $2,730 per year ($228/month) at the effective rate of 0.78%.

Down Payment Scenarios

Down PaymentAmountLoan AmountPMI Required
3%$10,500$339,500Yes
5%$17,500$332,500Yes
10%$35,000$315,000Yes
20%$70,000$280,000No

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