The typical owner-occupied home in Drytown is worth about $856,000, 17% above the California median of $734,700 and 2.6 times the national median of $332,700. Owners pay a median $6,250 a year in property taxes, about 0.73% of their home's value, close to the California rate of 0.70%. The median household earns $250,001 a year, so the median home costs 3.4 times the median income (7.4 times for California). 93% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Drytown at a glance
| Drytown | California | U.S. | |
|---|---|---|---|
| Median home value | $856,000 | $734,700 | $332,700 |
| Median property tax paid per year | $6,250 | $5,124 | $3,119 |
| Property tax as a share of value | 0.73% | 0.70% | 0.94% |
| Median household income | $250,001 | $99,122 | $80,734 |
| Homes lived in by their owners | 93% | 56% | 65% |
| Owner homes with a mortgage | 74% | 67% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,946 | $1,963 |
| Median rent | – | $2,036 | $1,413 |
| Median year homes were built | 2004 | 1976 | 1980 |
| Vacant homes | 9.5% | 7.5% | 10.1% |
| Population | 147 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Drytown
At this week's average 30-year rate of 7.11%, buying the median Drytown home of $856,000 with 20% down costs about $5,484 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $7,048, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $235,032 for the 20%-down payment. That payment is 26% of the median Drytown household income of $250,001; at that income and 20% down, the 28% guideline points to a home of about $911,000.
| Down payment | $171,200 |
|---|---|
| Loan amount | $684,800 |
| Principal and interest | $4,607 |
| Property taxes (0.73% a year) | $521 |
| Homeowners insurance (our estimate, 0.5% a year) | $357 |
| PMI | $0 |
| Total per month | $5,484 |
Change the numbers in the calculator
| Down payment | $29,960 |
|---|---|
| Loan amount | $840,496 |
| Principal and interest | $5,654 |
| Property taxes (0.73% a year) | $521 |
| Homeowners insurance (our estimate, 0.5% a year) | $357 |
| FHA mortgage insurance | $516 |
| Total per month | $7,048 |
Change the numbers in the calculator
Questions about home buying in Drytown
What is the median home value in Drytown?
About $856,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Drytown?
Homeowners pay a median $6,250 a year, which is about 0.73% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Drytown?
For the median home with 20% down at 7.11%, the payment is about $5,484 a month. Keeping that under 28% of gross income takes about $235,032 a year.
More about Drytown
- Mortgage Refinance in Drytown
- Debt Relief in Drytown
- Home Equity Loans in Drytown
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data