The typical owner-occupied home in Carnelian Bay is worth about $910,000, 24% above the California median of $734,700 and 2.7 times the national median of $332,700. Owners pay a median $5,729 a year in property taxes, about 0.63% of their home's value, lower than the California rate of 0.70%. The median household earns $247,791 a year, so the median home costs 3.7 times the median income (7.4 times for California). 89% of occupied homes here are lived in by their owners, and 85% of those owners still have a mortgage.
Carnelian Bay at a glance
| Carnelian Bay | California | U.S. | |
|---|---|---|---|
| Median home value | $910,000 | $734,700 | $332,700 |
| Median property tax paid per year | $5,729 | $5,124 | $3,119 |
| Property tax as a share of value | 0.63% | 0.70% | 0.94% |
| Median household income | $247,791 | $99,122 | $80,734 |
| Homes lived in by their owners | 89% | 56% | 65% |
| Owner homes with a mortgage | 85% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 25.2% | 24.8% | 21.0% |
| Median rent | – | $2,036 | $1,413 |
| Median year homes were built | 1976 | 1976 | 1980 |
| Vacant homes | 80.5% | 7.5% | 10.1% |
| Population | 391 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Carnelian Bay
At this week's average 30-year rate of 7.11%, buying the median Carnelian Bay home of $910,000 with 20% down costs about $5,754 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $7,417, 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 $246,609 for the 20%-down payment. That payment is 28% of the median Carnelian Bay household income of $247,791; at that income and 20% down, the 28% guideline points to a home of about $914,000.
| Down payment | $182,000 |
|---|---|
| Loan amount | $728,000 |
| Principal and interest | $4,897 |
| Property taxes (0.63% a year) | $478 |
| Homeowners insurance (our estimate, 0.5% a year) | $379 |
| PMI | $0 |
| Total per month | $5,754 |
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| Down payment | $31,850 |
|---|---|
| Loan amount | $893,518 |
| Principal and interest | $6,011 |
| Property taxes (0.63% a year) | $478 |
| Homeowners insurance (our estimate, 0.5% a year) | $379 |
| FHA mortgage insurance | $549 |
| Total per month | $7,417 |
Change the numbers in the calculator
Questions about home buying in Carnelian Bay
What is the median home value in Carnelian Bay?
About $910,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Carnelian Bay?
Homeowners pay a median $5,729 a year, which is about 0.63% 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 Carnelian Bay?
For the median home with 20% down at 7.11%, the payment is about $5,754 a month. Keeping that under 28% of gross income takes about $246,609 a year.
More about Carnelian Bay
- Mortgage Refinance in Carnelian Bay
- Debt Relief in Carnelian Bay
- Home Equity Loans in Carnelian Bay
- 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