The typical owner-occupied home in Cressey is worth about $225,000, 69% below the California median of $734,700 and 32% below the national median of $332,700. Owners pay a median $1,636 a year in property taxes, about 0.73% of their home's value, close to the California rate of 0.70%. The median household earns $90,333 a year, so the median home costs 2.5 times the median income (7.4 times for California). 69% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Cressey at a glance
| Cressey | California | U.S. | |
|---|---|---|---|
| Median home value | $225,000 | $734,700 | $332,700 |
| Median property tax paid per year | $1,636 | $5,124 | $3,119 |
| Property tax as a share of value | 0.73% | 0.70% | 0.94% |
| Median household income | $90,333 | $99,122 | $80,734 |
| Homes lived in by their owners | 69% | 56% | 65% |
| Owner homes with a mortgage | 52% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $3,206 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 24.8% | 21.0% |
| Median rent | – | $2,036 | $1,413 |
| Rent as a share of renters' income | 27.3% | 32.8% | 30.6% |
| Median year homes were built | 1966 | 1976 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 386 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Cressey
At this week's average 30-year rate of 7.11%, buying the median Cressey home of $225,000 with 20% down costs about $1,442 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,816, 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 $61,779 for the 20%-down payment. That payment is 19% of the median Cressey household income of $90,333; at that income and 20% down, the 28% guideline points to a home of about $329,000.
| Down payment | $45,000 |
|---|---|
| Loan amount | $180,000 |
| Principal and interest | $1,211 |
| Property taxes (0.73% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| PMI | $0 |
| Total per month | $1,442 |
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| Down payment | $7,875 |
|---|---|
| Loan amount | $220,925 |
| Principal and interest | $1,486 |
| Property taxes (0.73% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| FHA mortgage insurance | $100 |
| Total per month | $1,816 |
Change the numbers in the calculator
Questions about home buying in Cressey
What is the median home value in Cressey?
About $225,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cressey?
Homeowners pay a median $1,636 a year, which is about 0.73% 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 Cressey?
For the median home with 20% down at 7.11%, the payment is about $1,442 a month. Keeping that under 28% of gross income takes about $61,779 a year.
More about Cressey
- Mortgage Refinance in Cressey
- Debt Relief in Cressey
- Home Equity Loans in Cressey
- 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