The typical owner-occupied home in Lake Isabella is worth about $132,900, 82% below the California median of $734,700 and 60% below the national median of $332,700. Owners pay a median $1,353 a year in property taxes, about 1.02% of their home's value, higher than the California rate of 0.70%. The median household earns $26,661 a year, so the median home costs 5.0 times the median income (7.4 times for California). 59% of occupied homes here are lived in by their owners, and 20% of those owners still have a mortgage.
Lake Isabella at a glance
| Lake Isabella | California | U.S. | |
|---|---|---|---|
| Median home value | $132,900 | $734,700 | $332,700 |
| Median property tax paid per year | $1,353 | $5,124 | $3,119 |
| Property tax as a share of value | 1.02% | 0.70% | 0.94% |
| Median household income | $26,661 | $99,122 | $80,734 |
| Homes lived in by their owners | 59% | 56% | 65% |
| Owner homes with a mortgage | 20% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,489 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 24.8% | 24.8% | 21.0% |
| Median rent | $1,163 | $2,036 | $1,413 |
| Rent as a share of renters' income | 46.5% | 32.8% | 30.6% |
| Median year homes were built | 1971 | 1976 | 1980 |
| Vacant homes | 24.5% | 7.5% | 10.1% |
| Population | 4,059 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Lake Isabella
At this week's average 30-year rate of 7.11%, buying the median Lake Isabella home of $132,900 with 20% down costs about $884 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,105, 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 $37,867 for the 20%-down payment. That payment is 40% of the median Lake Isabella household income of $26,661; at that income and 20% down, the 28% guideline points to a home of about $94,000.
The median rent here is $1,163 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $26,580 |
|---|---|
| Loan amount | $106,320 |
| Principal and interest | $715 |
| Property taxes (1.02% a year) | $113 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| PMI | $0 |
| Total per month | $884 |
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| Down payment | $4,652 |
|---|---|
| Loan amount | $130,493 |
| Principal and interest | $878 |
| Property taxes (1.02% a year) | $113 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| FHA mortgage insurance | $59 |
| Total per month | $1,105 |
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Questions about home buying in Lake Isabella
What is the median home value in Lake Isabella?
About $132,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lake Isabella?
Homeowners pay a median $1,353 a year, which is about 1.02% 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 Lake Isabella?
For the median home with 20% down at 7.11%, the payment is about $884 a month. Keeping that under 28% of gross income takes about $37,867 a year.
More about Lake Isabella
- Mortgage Refinance in Lake Isabella
- Debt Relief in Lake Isabella
- Home Equity Loans in Lake Isabella
- 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