The typical owner-occupied home in Rancho Palos Verdes is worth about $1,609,400, 2.2 times the California median of $734,700 and 4.8 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 0.62% of their home's value, lower than the California rate of 0.70%. The median household earns $179,623 a year, so the median home costs 9.0 times the median income (7.4 times for California). 80% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Rancho Palos Verdes at a glance
| Rancho Palos Verdes | California | U.S. | |
|---|---|---|---|
| Median home value | $1,609,400 | $734,700 | $332,700 |
| Median property tax paid per year | $10,001 | $5,124 | $3,119 |
| Property tax as a share of value | 0.62% | 0.70% | 0.94% |
| Median household income | $179,623 | $99,122 | $80,734 |
| Homes lived in by their owners | 80% | 56% | 65% |
| Owner homes with a mortgage | 66% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 24.9% | 24.8% | 21.0% |
| Median rent | $3,501 | $2,036 | $1,413 |
| Rent as a share of renters' income | 29.3% | 32.8% | 30.6% |
| Median year homes were built | 1967 | 1976 | 1980 |
| Vacant homes | 9.3% | 7.5% | 10.1% |
| Population | 40,864 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Rancho Palos Verdes
At this week's average 30-year rate of 7.11%, buying the median Rancho Palos Verdes home of $1,609,400 with 20% down costs about $10,163 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $13,103, 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 $435,572 for the 20%-down payment. That payment is 68% of the median Rancho Palos Verdes household income of $179,623; at that income and 20% down, the 28% guideline points to a home of about $664,000.
The median rent here is $3,501 a month, so owning the median home costs about $6,662 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $321,880 |
|---|---|
| Loan amount | $1,287,520 |
| Principal and interest | $8,661 |
| Property taxes (0.62% a year) | $832 |
| Homeowners insurance (our estimate, 0.5% a year) | $671 |
| PMI | $0 |
| Total per month | $10,163 |
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| Down payment | $56,329 |
|---|---|
| Loan amount | $1,580,250 |
| Principal and interest | $10,630 |
| Property taxes (0.62% a year) | $832 |
| Homeowners insurance (our estimate, 0.5% a year) | $671 |
| FHA mortgage insurance | $971 |
| Total per month | $13,103 |
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Questions about home buying in Rancho Palos Verdes
What is the median home value in Rancho Palos Verdes?
About $1,609,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rancho Palos Verdes?
Homeowners pay a median $10,001 a year, which is about 0.62% 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 Rancho Palos Verdes?
For the median home with 20% down at 7.11%, the payment is about $10,163 a month. Keeping that under 28% of gross income takes about $435,572 a year.
More about Rancho Palos Verdes
- Mortgage Refinance in Rancho Palos Verdes
- Debt Relief in Rancho Palos Verdes
- Home Equity Loans in Rancho Palos Verdes
- 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