The typical owner-occupied home in Del Rey is worth about $222,500, 70% below the California median of $734,700 and 33% below the national median of $332,700. Owners pay a median $1,195 a year in property taxes, about 0.54% of their home's value, lower than the California rate of 0.70%. The median household earns $56,544 a year, so the median home costs 3.9 times the median income (7.4 times for California). 55% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Del Rey at a glance
| Del Rey | California | U.S. | |
|---|---|---|---|
| Median home value | $222,500 | $734,700 | $332,700 |
| Median property tax paid per year | $1,195 | $5,124 | $3,119 |
| Property tax as a share of value | 0.54% | 0.70% | 0.94% |
| Median household income | $56,544 | $99,122 | $80,734 |
| Homes lived in by their owners | 55% | 56% | 65% |
| Owner homes with a mortgage | 73% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,491 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 18.4% | 24.8% | 21.0% |
| Median rent | $742 | $2,036 | $1,413 |
| Rent as a share of renters' income | 47.5% | 32.8% | 30.6% |
| Median year homes were built | 1987 | 1976 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 1,654 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Del Rey
At this week's average 30-year rate of 7.11%, buying the median Del Rey home of $222,500 with 20% down costs about $1,390 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,761, 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 $59,582 for the 20%-down payment. That payment is 30% of the median Del Rey household income of $56,544; at that income and 20% down, the 28% guideline points to a home of about $211,000.
The median rent here is $742 a month, so owning the median home costs about $648 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $44,500 |
|---|---|
| Loan amount | $178,000 |
| Principal and interest | $1,197 |
| Property taxes (0.54% a year) | $100 |
| Homeowners insurance (our estimate, 0.5% a year) | $93 |
| PMI | $0 |
| Total per month | $1,390 |
Change the numbers in the calculator
| Down payment | $7,788 |
|---|---|
| Loan amount | $218,470 |
| Principal and interest | $1,470 |
| Property taxes (0.54% a year) | $100 |
| Homeowners insurance (our estimate, 0.5% a year) | $93 |
| FHA mortgage insurance | $98 |
| Total per month | $1,761 |
Change the numbers in the calculator
Questions about home buying in Del Rey
What is the median home value in Del Rey?
About $222,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Del Rey?
Homeowners pay a median $1,195 a year, which is about 0.54% 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 Del Rey?
For the median home with 20% down at 7.11%, the payment is about $1,390 a month. Keeping that under 28% of gross income takes about $59,582 a year.
More about Del Rey
- Mortgage Refinance in Del Rey
- Debt Relief in Del Rey
- Home Equity Loans in Del Rey
- 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