The typical owner-occupied home in Lynwood is worth about $597,600, 19% below the California median of $734,700 and 80% above the national median of $332,700. Owners pay a median $4,607 a year in property taxes, about 0.77% of their home's value, higher than the California rate of 0.70%. The median household earns $74,844 a year, so the median home costs 8.0 times the median income (7.4 times for California). 48% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Lynwood at a glance
| Lynwood | California | U.S. | |
|---|---|---|---|
| Median home value | $597,600 | $734,700 | $332,700 |
| Median property tax paid per year | $4,607 | $5,124 | $3,119 |
| Property tax as a share of value | 0.77% | 0.70% | 0.94% |
| Median household income | $74,844 | $99,122 | $80,734 |
| Homes lived in by their owners | 48% | 56% | 65% |
| Owner homes with a mortgage | 70% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,323 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 26.7% | 24.8% | 21.0% |
| Median rent | $1,652 | $2,036 | $1,413 |
| Rent as a share of renters' income | 35.3% | 32.8% | 30.6% |
| Median year homes were built | 1952 | 1976 | 1980 |
| Vacant homes | 2.8% | 7.5% | 10.1% |
| Population | 64,578 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Lynwood
At this week's average 30-year rate of 7.11%, buying the median Lynwood home of $597,600 with 20% down costs about $3,849 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,844, 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 $164,937 for the 20%-down payment. That payment is 62% of the median Lynwood household income of $74,844; at that income and 20% down, the 28% guideline points to a home of about $271,000.
The median rent here is $1,652 a month, so owning the median home costs about $2,197 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $119,520 |
|---|---|
| Loan amount | $478,080 |
| Principal and interest | $3,216 |
| Property taxes (0.77% a year) | $383 |
| Homeowners insurance (our estimate, 0.5% a year) | $249 |
| PMI | $0 |
| Total per month | $3,849 |
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| Down payment | $20,916 |
|---|---|
| Loan amount | $586,776 |
| Principal and interest | $3,947 |
| Property taxes (0.77% a year) | $383 |
| Homeowners insurance (our estimate, 0.5% a year) | $249 |
| FHA mortgage insurance | $264 |
| Total per month | $4,844 |
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Questions about home buying in Lynwood
What is the median home value in Lynwood?
About $597,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lynwood?
Homeowners pay a median $4,607 a year, which is about 0.77% 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 Lynwood?
For the median home with 20% down at 7.11%, the payment is about $3,849 a month. Keeping that under 28% of gross income takes about $164,937 a year.
More about Lynwood
- Mortgage Refinance in Lynwood
- Debt Relief in Lynwood
- Home Equity Loans in Lynwood
- 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