The typical owner-occupied home in South Gate is worth about $636,300, 13% below the California median of $734,700 and 91% above the national median of $332,700. Owners pay a median $3,932 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 $74,571 a year, so the median home costs 8.5 times the median income (7.4 times for California). 45% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
South Gate at a glance
| South Gate | California | U.S. | |
|---|---|---|---|
| Median home value | $636,300 | $734,700 | $332,700 |
| Median property tax paid per year | $3,932 | $5,124 | $3,119 |
| Property tax as a share of value | 0.62% | 0.70% | 0.94% |
| Median household income | $74,571 | $99,122 | $80,734 |
| Homes lived in by their owners | 45% | 56% | 65% |
| Owner homes with a mortgage | 67% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,325 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 27.3% | 24.8% | 21.0% |
| Median rent | $1,531 | $2,036 | $1,413 |
| Rent as a share of renters' income | 32.8% | 32.8% | 30.6% |
| Median year homes were built | 1952 | 1976 | 1980 |
| Vacant homes | 2.1% | 7.5% | 10.1% |
| Population | 91,483 | 39,287,377 | 334,922,499 |
What a typical home costs per month in South Gate
At this week's average 30-year rate of 7.11%, buying the median South Gate home of $636,300 with 20% down costs about $4,018 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,078, 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 $172,209 for the 20%-down payment. That payment is 65% of the median South Gate household income of $74,571; at that income and 20% down, the 28% guideline points to a home of about $276,000.
The median rent here is $1,531 a month, so owning the median home costs about $2,487 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $127,260 |
|---|---|
| Loan amount | $509,040 |
| Principal and interest | $3,424 |
| Property taxes (0.62% a year) | $329 |
| Homeowners insurance (our estimate, 0.5% a year) | $265 |
| PMI | $0 |
| Total per month | $4,018 |
Change the numbers in the calculator
| Down payment | $22,270 |
|---|---|
| Loan amount | $624,775 |
| Principal and interest | $4,203 |
| Property taxes (0.62% a year) | $329 |
| Homeowners insurance (our estimate, 0.5% a year) | $265 |
| FHA mortgage insurance | $281 |
| Total per month | $5,078 |
Change the numbers in the calculator
Questions about home buying in South Gate
What is the median home value in South Gate?
About $636,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in South Gate?
Homeowners pay a median $3,932 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 South Gate?
For the median home with 20% down at 7.11%, the payment is about $4,018 a month. Keeping that under 28% of gross income takes about $172,209 a year.
More about South Gate
- Mortgage Refinance in South Gate
- Debt Relief in South Gate
- Home Equity Loans in South Gate
- 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