The typical owner-occupied home in Rancho Mirage is worth about $807,200, 10% above the California median of $734,700 and 2.4 times the national median of $332,700. Owners pay a median $7,326 a year in property taxes, about 0.91% of their home's value, higher than the California rate of 0.70%. The median household earns $107,364 a year, so the median home costs 7.5 times the median income (7.4 times for California). 82% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Rancho Mirage at a glance
| Rancho Mirage | California | U.S. | |
|---|---|---|---|
| Median home value | $807,200 | $734,700 | $332,700 |
| Median property tax paid per year | $7,326 | $5,124 | $3,119 |
| Property tax as a share of value | 0.91% | 0.70% | 0.94% |
| Median household income | $107,364 | $99,122 | $80,734 |
| Homes lived in by their owners | 82% | 56% | 65% |
| Owner homes with a mortgage | 50% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $3,295 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 26.4% | 24.8% | 21.0% |
| Median rent | $1,510 | $2,036 | $1,413 |
| Rent as a share of renters' income | 42.5% | 32.8% | 30.6% |
| Median year homes were built | 1986 | 1976 | 1980 |
| Vacant homes | 40.1% | 7.5% | 10.1% |
| Population | 17,563 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Rancho Mirage
At this week's average 30-year rate of 7.11%, buying the median Rancho Mirage home of $807,200 with 20% down costs about $5,293 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,767, 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 $226,823 for the 20%-down payment. That payment is 59% of the median Rancho Mirage household income of $107,364; at that income and 20% down, the 28% guideline points to a home of about $382,000.
The median rent here is $1,510 a month, so owning the median home costs about $3,783 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $161,440 |
|---|---|
| Loan amount | $645,760 |
| Principal and interest | $4,344 |
| Property taxes (0.91% a year) | $612 |
| Homeowners insurance (our estimate, 0.5% a year) | $336 |
| PMI | $0 |
| Total per month | $5,293 |
Change the numbers in the calculator
| Down payment | $28,252 |
|---|---|
| Loan amount | $792,580 |
| Principal and interest | $5,332 |
| Property taxes (0.91% a year) | $612 |
| Homeowners insurance (our estimate, 0.5% a year) | $336 |
| FHA mortgage insurance | $487 |
| Total per month | $6,767 |
Change the numbers in the calculator
Questions about home buying in Rancho Mirage
What is the median home value in Rancho Mirage?
About $807,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rancho Mirage?
Homeowners pay a median $7,326 a year, which is about 0.91% 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 Rancho Mirage?
For the median home with 20% down at 7.11%, the payment is about $5,293 a month. Keeping that under 28% of gross income takes about $226,823 a year.
More about Rancho Mirage
- Mortgage Refinance in Rancho Mirage
- Debt Relief in Rancho Mirage
- Home Equity Loans in Rancho Mirage
- 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