The typical owner-occupied home in Albion is worth about $578,100, 21% below the California median of $734,700 and 74% above the national median of $332,700. Owners pay a median $2,313 a year in property taxes, about 0.40% of their home's value, lower than the California rate of 0.70%. 57% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Albion at a glance
| Albion | California | U.S. | |
|---|---|---|---|
| Median home value | $578,100 | $734,700 | $332,700 |
| Median property tax paid per year | $2,313 | $5,124 | $3,119 |
| Property tax as a share of value | 0.40% | 0.70% | 0.94% |
| Median household income | – | $99,122 | $80,734 |
| Homes lived in by their owners | 57% | 56% | 65% |
| Owner homes with a mortgage | 36% | 67% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,946 | $1,963 |
| Median rent | – | $2,036 | $1,413 |
| Median year homes were built | 1972 | 1976 | 1980 |
| Vacant homes | 31.1% | 7.5% | 10.1% |
| Population | 250 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Albion
At this week's average 30-year rate of 7.11%, buying the median Albion home of $578,100 with 20% down costs about $3,545 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,508, 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 $151,916 for the 20%-down payment.
| Down payment | $115,620 |
|---|---|
| Loan amount | $462,480 |
| Principal and interest | $3,111 |
| Property taxes (0.40% a year) | $193 |
| Homeowners insurance (our estimate, 0.5% a year) | $241 |
| PMI | $0 |
| Total per month | $3,545 |
Change the numbers in the calculator
| Down payment | $20,234 |
|---|---|
| Loan amount | $567,629 |
| Principal and interest | $3,818 |
| Property taxes (0.40% a year) | $193 |
| Homeowners insurance (our estimate, 0.5% a year) | $241 |
| FHA mortgage insurance | $256 |
| Total per month | $4,508 |
Change the numbers in the calculator
Questions about home buying in Albion
What is the median home value in Albion?
About $578,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Albion?
Homeowners pay a median $2,313 a year, which is about 0.40% 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 Albion?
For the median home with 20% down at 7.11%, the payment is about $3,545 a month. Keeping that under 28% of gross income takes about $151,916 a year.
More about Albion
- Mortgage Refinance in Albion
- Debt Relief in Albion
- Home Equity Loans in Albion
- 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