The typical owner-occupied home in Cobb is worth about $392,400, 47% below the California median of $734,700 and 18% above the national median of $332,700. Owners pay a median $2,654 a year in property taxes, about 0.68% of their home's value, close to the California rate of 0.70%. The median household earns $120,250 a year, so the median home costs 3.3 times the median income (7.4 times for California). 96% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Cobb at a glance
| Cobb | California | U.S. | |
|---|---|---|---|
| Median home value | $392,400 | $734,700 | $332,700 |
| Median property tax paid per year | $2,654 | $5,124 | $3,119 |
| Property tax as a share of value | 0.68% | 0.70% | 0.94% |
| Median household income | $120,250 | $99,122 | $80,734 |
| Homes lived in by their owners | 96% | 56% | 65% |
| Owner homes with a mortgage | 40% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,403 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 44.6% | 24.8% | 21.0% |
| Median rent | – | $2,036 | $1,413 |
| Median year homes were built | 1970 | 1976 | 1980 |
| Vacant homes | 41.6% | 7.5% | 10.1% |
| Population | 842 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Cobb
At this week's average 30-year rate of 7.11%, buying the median Cobb home of $392,400 with 20% down costs about $2,498 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,151, 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 $107,041 for the 20%-down payment. That payment is 25% of the median Cobb household income of $120,250; at that income and 20% down, the 28% guideline points to a home of about $441,000.
| Down payment | $78,480 |
|---|---|
| Loan amount | $313,920 |
| Principal and interest | $2,112 |
| Property taxes (0.68% a year) | $222 |
| Homeowners insurance (our estimate, 0.5% a year) | $164 |
| PMI | $0 |
| Total per month | $2,498 |
Change the numbers in the calculator
| Down payment | $13,734 |
|---|---|
| Loan amount | $385,293 |
| Principal and interest | $2,592 |
| Property taxes (0.68% a year) | $222 |
| Homeowners insurance (our estimate, 0.5% a year) | $164 |
| FHA mortgage insurance | $174 |
| Total per month | $3,151 |
Change the numbers in the calculator
Questions about home buying in Cobb
What is the median home value in Cobb?
About $392,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cobb?
Homeowners pay a median $2,654 a year, which is about 0.68% 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 Cobb?
For the median home with 20% down at 7.11%, the payment is about $2,498 a month. Keeping that under 28% of gross income takes about $107,041 a year.
More about Cobb
- Mortgage Refinance in Cobb
- Debt Relief in Cobb
- Home Equity Loans in Cobb
- 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