The typical owner-occupied home in Westmorland is worth about $310,200, 58% below the California median of $734,700 and 7% below the national median of $332,700. Owners pay a median $1,529 a year in property taxes, about 0.49% of their home's value, lower than the California rate of 0.70%. The median household earns $28,839 a year, so the median home costs 10.8 times the median income (7.4 times for California). 49% of occupied homes here are lived in by their owners, and 35% of those owners still have a mortgage.
Westmorland at a glance
| Westmorland | California | U.S. | |
|---|---|---|---|
| Median home value | $310,200 | $734,700 | $332,700 |
| Median property tax paid per year | $1,529 | $5,124 | $3,119 |
| Property tax as a share of value | 0.49% | 0.70% | 0.94% |
| Median household income | $28,839 | $99,122 | $80,734 |
| Homes lived in by their owners | 49% | 56% | 65% |
| Owner homes with a mortgage | 35% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,383 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 36.3% | 24.8% | 21.0% |
| Median rent | $793 | $2,036 | $1,413 |
| Rent as a share of renters' income | 32.9% | 32.8% | 30.6% |
| Median year homes were built | 1979 | 1976 | 1980 |
| Vacant homes | 15.1% | 7.5% | 10.1% |
| Population | 1,844 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Westmorland
At this week's average 30-year rate of 7.11%, buying the median Westmorland home of $310,200 with 20% down costs about $1,925 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,442, 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 $82,513 for the 20%-down payment. That payment is 80% of the median Westmorland household income of $28,839; at that income and 20% down, the 28% guideline points to a home of about $108,000.
The median rent here is $793 a month, so owning the median home costs about $1,132 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $62,040 |
|---|---|
| Loan amount | $248,160 |
| Principal and interest | $1,669 |
| Property taxes (0.49% a year) | $127 |
| Homeowners insurance (our estimate, 0.5% a year) | $129 |
| PMI | $0 |
| Total per month | $1,925 |
Change the numbers in the calculator
| Down payment | $10,857 |
|---|---|
| Loan amount | $304,582 |
| Principal and interest | $2,049 |
| Property taxes (0.49% a year) | $127 |
| Homeowners insurance (our estimate, 0.5% a year) | $129 |
| FHA mortgage insurance | $137 |
| Total per month | $2,442 |
Change the numbers in the calculator
Questions about home buying in Westmorland
What is the median home value in Westmorland?
About $310,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Westmorland?
Homeowners pay a median $1,529 a year, which is about 0.49% 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 Westmorland?
For the median home with 20% down at 7.11%, the payment is about $1,925 a month. Keeping that under 28% of gross income takes about $82,513 a year.
More about Westmorland
- Mortgage Refinance in Westmorland
- Debt Relief in Westmorland
- Home Equity Loans in Westmorland
- 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