The typical owner-occupied home in Nuevo is worth about $535,900, 27% below the California median of $734,700 and 61% above the national median of $332,700. Owners pay a median $3,232 a year in property taxes, about 0.60% of their home's value, lower than the California rate of 0.70%. The median household earns $112,857 a year, so the median home costs 4.7 times the median income (7.4 times for California). 88% of occupied homes here are lived in by their owners, and 83% of those owners still have a mortgage.
Nuevo at a glance
| Nuevo | California | U.S. | |
|---|---|---|---|
| Median home value | $535,900 | $734,700 | $332,700 |
| Median property tax paid per year | $3,232 | $5,124 | $3,119 |
| Property tax as a share of value | 0.60% | 0.70% | 0.94% |
| Median household income | $112,857 | $99,122 | $80,734 |
| Homes lived in by their owners | 88% | 56% | 65% |
| Owner homes with a mortgage | 83% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,306 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 22.7% | 24.8% | 21.0% |
| Median rent | $1,531 | $2,036 | $1,413 |
| Rent as a share of renters' income | 29.0% | 32.8% | 30.6% |
| Median year homes were built | 1990 | 1976 | 1980 |
| Vacant homes | 4.1% | 7.5% | 10.1% |
| Population | 6,803 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Nuevo
At this week's average 30-year rate of 7.11%, buying the median Nuevo home of $535,900 with 20% down costs about $3,375 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,268, 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 $144,654 for the 20%-down payment. That payment is 36% of the median Nuevo household income of $112,857; at that income and 20% down, the 28% guideline points to a home of about $418,000.
The median rent here is $1,531 a month, so owning the median home costs about $1,844 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $107,180 |
|---|---|
| Loan amount | $428,720 |
| Principal and interest | $2,884 |
| Property taxes (0.60% a year) | $268 |
| Homeowners insurance (our estimate, 0.5% a year) | $223 |
| PMI | $0 |
| Total per month | $3,375 |
Change the numbers in the calculator
| Down payment | $18,756 |
|---|---|
| Loan amount | $526,194 |
| Principal and interest | $3,540 |
| Property taxes (0.60% a year) | $268 |
| Homeowners insurance (our estimate, 0.5% a year) | $223 |
| FHA mortgage insurance | $237 |
| Total per month | $4,268 |
Change the numbers in the calculator
Questions about home buying in Nuevo
What is the median home value in Nuevo?
About $535,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Nuevo?
Homeowners pay a median $3,232 a year, which is about 0.60% 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 Nuevo?
For the median home with 20% down at 7.11%, the payment is about $3,375 a month. Keeping that under 28% of gross income takes about $144,654 a year.
More about Nuevo
- Mortgage Refinance in Nuevo
- Debt Relief in Nuevo
- Home Equity Loans in Nuevo
- 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