The typical owner-occupied home in Lone Pine is worth about $217,100, 70% below the California median of $734,700 and 35% below the national median of $332,700. Owners pay a median $2,500 a year in property taxes, about 1.15% of their home's value, higher than the California rate of 0.70%. The median household earns $43,284 a year, so the median home costs 5.0 times the median income (7.4 times for California). 48% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
Lone Pine at a glance
| Lone Pine | California | U.S. | |
|---|---|---|---|
| Median home value | $217,100 | $734,700 | $332,700 |
| Median property tax paid per year | $2,500 | $5,124 | $3,119 |
| Property tax as a share of value | 1.15% | 0.70% | 0.94% |
| Median household income | $43,284 | $99,122 | $80,734 |
| Homes lived in by their owners | 48% | 56% | 65% |
| Owner homes with a mortgage | 26% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,226 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 27.7% | 24.8% | 21.0% |
| Median rent | $797 | $2,036 | $1,413 |
| Rent as a share of renters' income | 37.7% | 32.8% | 30.6% |
| Median year homes were built | 1975 | 1976 | 1980 |
| Vacant homes | 18.7% | 7.5% | 10.1% |
| Population | 1,439 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Lone Pine
At this week's average 30-year rate of 7.11%, buying the median Lone Pine home of $217,100 with 20% down costs about $1,467 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,829, 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 $62,866 for the 20%-down payment. That payment is 41% of the median Lone Pine household income of $43,284; at that income and 20% down, the 28% guideline points to a home of about $149,000.
The median rent here is $797 a month, so owning the median home costs about $670 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $43,420 |
|---|---|
| Loan amount | $173,680 |
| Principal and interest | $1,168 |
| Property taxes (1.15% a year) | $208 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,467 |
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| Down payment | $7,598 |
|---|---|
| Loan amount | $213,168 |
| Principal and interest | $1,434 |
| Property taxes (1.15% a year) | $208 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $96 |
| Total per month | $1,829 |
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Questions about home buying in Lone Pine
What is the median home value in Lone Pine?
About $217,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lone Pine?
Homeowners pay a median $2,500 a year, which is about 1.15% 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 Lone Pine?
For the median home with 20% down at 7.11%, the payment is about $1,467 a month. Keeping that under 28% of gross income takes about $62,866 a year.
More about Lone Pine
- Mortgage Refinance in Lone Pine
- Debt Relief in Lone Pine
- Home Equity Loans in Lone Pine
- 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