The typical owner-occupied home in Vallecito is worth about $705,800, 4% below the California median of $734,700 and 2.1 times the national median of $332,700. 83% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Vallecito at a glance
| Vallecito | California | U.S. | |
|---|---|---|---|
| Median home value | $705,800 | $734,700 | $332,700 |
| Median property tax paid per year | – | $5,124 | $3,119 |
| Median household income | – | $99,122 | $80,734 |
| Homes lived in by their owners | 83% | 56% | 65% |
| Owner homes with a mortgage | 68% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,828 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 22.1% | 24.8% | 21.0% |
| Median rent | – | $2,036 | $1,413 |
| Median year homes were built | 1988 | 1976 | 1980 |
| Vacant homes | 18.5% | 7.5% | 10.1% |
| Population | 562 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Vallecito
At this week's average 30-year rate of 7.11%, buying the median Vallecito home of $705,800 with 20% down costs about $4,739 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,915, 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 $203,119 for the 20%-down payment.
| Down payment | $141,160 |
|---|---|
| Loan amount | $564,640 |
| Principal and interest | $3,798 |
| Property taxes (1.10% a year) | $647 |
| Homeowners insurance (our estimate, 0.5% a year) | $294 |
| PMI | $0 |
| Total per month | $4,739 |
Change the numbers in the calculator
| Down payment | $24,703 |
|---|---|
| Loan amount | $693,016 |
| Principal and interest | $4,662 |
| Property taxes (1.10% a year) | $647 |
| Homeowners insurance (our estimate, 0.5% a year) | $294 |
| FHA mortgage insurance | $312 |
| Total per month | $5,915 |
Change the numbers in the calculator
Questions about home buying in Vallecito
What is the median home value in Vallecito?
About $705,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Vallecito?
For the median home with 20% down at 7.11%, the payment is about $4,739 a month. Keeping that under 28% of gross income takes about $203,119 a year.
More about Vallecito
- Mortgage Refinance in Vallecito
- Debt Relief in Vallecito
- Home Equity Loans in Vallecito
- 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