The typical owner-occupied home in Lake Hughes is worth about $515,100, 30% below the California median of $734,700 and 55% above the national median of $332,700. The median household earns $113,516 a year, so the median home costs 4.5 times the median income (7.4 times for California). 63% of occupied homes here are lived in by their owners, and 81% of those owners still have a mortgage.
Lake Hughes at a glance
| Lake Hughes | California | U.S. | |
|---|---|---|---|
| Median home value | $515,100 | $734,700 | $332,700 |
| Median property tax paid per year | – | $5,124 | $3,119 |
| Median household income | $113,516 | $99,122 | $80,734 |
| Homes lived in by their owners | 63% | 56% | 65% |
| Owner homes with a mortgage | 81% | 67% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 21.8% | 24.8% | 21.0% |
| Median rent | $2,042 | $2,036 | $1,413 |
| Rent as a share of renters' income | 41.0% | 32.8% | 30.6% |
| Median year homes were built | 1958 | 1976 | 1980 |
| Vacant homes | 24.0% | 7.5% | 10.1% |
| Population | 888 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Lake Hughes
At this week's average 30-year rate of 7.11%, buying the median Lake Hughes home of $515,100 with 20% down costs about $3,459 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,317, 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 $148,238 for the 20%-down payment. That payment is 37% of the median Lake Hughes household income of $113,516; at that income and 20% down, the 28% guideline points to a home of about $394,000.
The median rent here is $2,042 a month, so owning the median home costs about $1,417 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $103,020 |
|---|---|
| Loan amount | $412,080 |
| Principal and interest | $2,772 |
| Property taxes (1.10% a year) | $472 |
| Homeowners insurance (our estimate, 0.5% a year) | $215 |
| PMI | $0 |
| Total per month | $3,459 |
Change the numbers in the calculator
| Down payment | $18,028 |
|---|---|
| Loan amount | $505,770 |
| Principal and interest | $3,402 |
| Property taxes (1.10% a year) | $472 |
| Homeowners insurance (our estimate, 0.5% a year) | $215 |
| FHA mortgage insurance | $228 |
| Total per month | $4,317 |
Change the numbers in the calculator
Questions about home buying in Lake Hughes
What is the median home value in Lake Hughes?
About $515,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Lake Hughes?
For the median home with 20% down at 7.11%, the payment is about $3,459 a month. Keeping that under 28% of gross income takes about $148,238 a year.
More about Lake Hughes
- Mortgage Refinance in Lake Hughes
- Debt Relief in Lake Hughes
- Home Equity Loans in Lake Hughes
- 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