California's median home price exceeds $750,000 in most metros. With relatively low property taxes at 0.75% (Prop 13), your monthly payment is driven heavily by purchase price and down payment.
Recommended for incomes above $200k/yr (28% DTI rule)
California property taxes
California's Prop 13 caps property tax increases at 2% per year after purchase, with an effective rate of ~0.75%.
Rate history
FAQ