The typical owner-occupied home in Lakeport is worth about $333,800, 55% below the California median of $734,700 and about the same as the national median of $332,700. Owners pay a median $2,806 a year in property taxes, about 0.84% of their home's value, higher than the California rate of 0.70%. The median household earns $68,518 a year, so the median home costs 4.9 times the median income (7.4 times for California). 76% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Lakeport at a glance
| Lakeport | California | U.S. | |
|---|---|---|---|
| Median home value | $333,800 | $734,700 | $332,700 |
| Median property tax paid per year | $2,806 | $5,124 | $3,119 |
| Property tax as a share of value | 0.84% | 0.70% | 0.94% |
| Median household income | $68,518 | $99,122 | $80,734 |
| Homes lived in by their owners | 76% | 56% | 65% |
| Owner homes with a mortgage | 53% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,969 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 23.1% | 24.8% | 21.0% |
| Median rent | $1,063 | $2,036 | $1,413 |
| Rent as a share of renters' income | 35.7% | 32.8% | 30.6% |
| Median year homes were built | 1976 | 1976 | 1980 |
| Vacant homes | 10.9% | 7.5% | 10.1% |
| Population | 5,113 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Lakeport
At this week's average 30-year rate of 7.11%, buying the median Lakeport home of $333,800 with 20% down costs about $2,169 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,725, 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 $92,963 for the 20%-down payment. That payment is 38% of the median Lakeport household income of $68,518; at that income and 20% down, the 28% guideline points to a home of about $246,000.
The median rent here is $1,063 a month, so owning the median home costs about $1,106 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $66,760 |
|---|---|
| Loan amount | $267,040 |
| Principal and interest | $1,796 |
| Property taxes (0.84% a year) | $234 |
| Homeowners insurance (our estimate, 0.5% a year) | $139 |
| PMI | $0 |
| Total per month | $2,169 |
Change the numbers in the calculator
| Down payment | $11,683 |
|---|---|
| Loan amount | $327,754 |
| Principal and interest | $2,205 |
| Property taxes (0.84% a year) | $234 |
| Homeowners insurance (our estimate, 0.5% a year) | $139 |
| FHA mortgage insurance | $148 |
| Total per month | $2,725 |
Change the numbers in the calculator
Questions about home buying in Lakeport
What is the median home value in Lakeport?
About $333,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lakeport?
Homeowners pay a median $2,806 a year, which is about 0.84% 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 Lakeport?
For the median home with 20% down at 7.11%, the payment is about $2,169 a month. Keeping that under 28% of gross income takes about $92,963 a year.
More about Lakeport
- Mortgage Refinance in Lakeport
- Debt Relief in Lakeport
- Home Equity Loans in Lakeport
- 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