The typical owner-occupied home in Foresthill is worth about $524,300, 29% below the California median of $734,700 and 58% above the national median of $332,700. Owners pay a median $4,806 a year in property taxes, about 0.92% of their home's value, higher than the California rate of 0.70%. The median household earns $81,111 a year, so the median home costs 6.5 times the median income (7.4 times for California). 72% of occupied homes here are lived in by their owners, and 80% of those owners still have a mortgage.
Foresthill at a glance
| Foresthill | California | U.S. | |
|---|---|---|---|
| Median home value | $524,300 | $734,700 | $332,700 |
| Median property tax paid per year | $4,806 | $5,124 | $3,119 |
| Property tax as a share of value | 0.92% | 0.70% | 0.94% |
| Median household income | $81,111 | $99,122 | $80,734 |
| Homes lived in by their owners | 72% | 56% | 65% |
| Owner homes with a mortgage | 80% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,869 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 30.5% | 24.8% | 21.0% |
| Median rent | $2,158 | $2,036 | $1,413 |
| Rent as a share of renters' income | 24.7% | 32.8% | 30.6% |
| Median year homes were built | 1979 | 1976 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 1,483 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Foresthill
At this week's average 30-year rate of 7.11%, buying the median Foresthill home of $524,300 with 20% down costs about $3,442 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,315, 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 $147,515 for the 20%-down payment. That payment is 51% of the median Foresthill household income of $81,111; at that income and 20% down, the 28% guideline points to a home of about $288,000.
The median rent here is $2,158 a month, so owning the median home costs about $1,284 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $104,860 |
|---|---|
| Loan amount | $419,440 |
| Principal and interest | $2,822 |
| Property taxes (0.92% a year) | $402 |
| Homeowners insurance (our estimate, 0.5% a year) | $218 |
| PMI | $0 |
| Total per month | $3,442 |
Change the numbers in the calculator
| Down payment | $18,350 |
|---|---|
| Loan amount | $514,804 |
| Principal and interest | $3,463 |
| Property taxes (0.92% a year) | $402 |
| Homeowners insurance (our estimate, 0.5% a year) | $218 |
| FHA mortgage insurance | $232 |
| Total per month | $4,315 |
Change the numbers in the calculator
Questions about home buying in Foresthill
What is the median home value in Foresthill?
About $524,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Foresthill?
Homeowners pay a median $4,806 a year, which is about 0.92% 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 Foresthill?
For the median home with 20% down at 7.11%, the payment is about $3,442 a month. Keeping that under 28% of gross income takes about $147,515 a year.
More about Foresthill
- Mortgage Refinance in Foresthill
- Debt Relief in Foresthill
- Home Equity Loans in Foresthill
- 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