The typical owner-occupied home in Lower Lake is worth about $327,600, 55% below the California median of $734,700 and about the same as the national median of $332,700. Owners pay a median $2,810 a year in property taxes, about 0.86% of their home's value, higher than the California rate of 0.70%. The median household earns $31,652 a year, so the median home costs 10.4 times the median income (7.4 times for California). 39% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Lower Lake at a glance
| Lower Lake | California | U.S. | |
|---|---|---|---|
| Median home value | $327,600 | $734,700 | $332,700 |
| Median property tax paid per year | $2,810 | $5,124 | $3,119 |
| Property tax as a share of value | 0.86% | 0.70% | 0.94% |
| Median household income | $31,652 | $99,122 | $80,734 |
| Homes lived in by their owners | 39% | 56% | 65% |
| Owner homes with a mortgage | 51% | 67% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,946 | $1,963 |
| Median rent | $1,038 | $2,036 | $1,413 |
| Rent as a share of renters' income | 51.0% | 32.8% | 30.6% |
| Median year homes were built | 1983 | 1976 | 1980 |
| Vacant homes | 14.1% | 7.5% | 10.1% |
| Population | 635 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Lower Lake
At this week's average 30-year rate of 7.11%, buying the median Lower Lake home of $327,600 with 20% down costs about $2,134 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,680, 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 $91,470 for the 20%-down payment. That payment is 81% of the median Lower Lake household income of $31,652; at that income and 20% down, the 28% guideline points to a home of about $113,000.
The median rent here is $1,038 a month, so owning the median home costs about $1,096 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $65,520 |
|---|---|
| Loan amount | $262,080 |
| Principal and interest | $1,763 |
| Property taxes (0.86% a year) | $235 |
| Homeowners insurance (our estimate, 0.5% a year) | $136 |
| PMI | $0 |
| Total per month | $2,134 |
Change the numbers in the calculator
| Down payment | $11,466 |
|---|---|
| Loan amount | $321,666 |
| Principal and interest | $2,164 |
| Property taxes (0.86% a year) | $235 |
| Homeowners insurance (our estimate, 0.5% a year) | $136 |
| FHA mortgage insurance | $145 |
| Total per month | $2,680 |
Change the numbers in the calculator
Questions about home buying in Lower Lake
What is the median home value in Lower Lake?
About $327,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lower Lake?
Homeowners pay a median $2,810 a year, which is about 0.86% 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 Lower Lake?
For the median home with 20% down at 7.11%, the payment is about $2,134 a month. Keeping that under 28% of gross income takes about $91,470 a year.
More about Lower Lake
- Mortgage Refinance in Lower Lake
- Debt Relief in Lower Lake
- Home Equity Loans in Lower Lake
- 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