The typical owner-occupied home in Herald is worth about $651,800, 11% below the California median of $734,700 and 96% above the national median of $332,700. Owners pay a median $3,741 a year in property taxes, about 0.57% of their home's value, lower than the California rate of 0.70%. The median household earns $93,036 a year, so the median home costs 7.0 times the median income (7.4 times for California). 83% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Herald at a glance
| Herald | California | U.S. | |
|---|---|---|---|
| Median home value | $651,800 | $734,700 | $332,700 |
| Median property tax paid per year | $3,741 | $5,124 | $3,119 |
| Property tax as a share of value | 0.57% | 0.70% | 0.94% |
| Median household income | $93,036 | $99,122 | $80,734 |
| Homes lived in by their owners | 83% | 56% | 65% |
| Owner homes with a mortgage | 69% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,436 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 37.5% | 24.8% | 21.0% |
| Median rent | – | $2,036 | $1,413 |
| Median year homes were built | 1981 | 1976 | 1980 |
| Vacant homes | 3.1% | 7.5% | 10.1% |
| Population | 1,521 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Herald
At this week's average 30-year rate of 7.11%, buying the median Herald home of $651,800 with 20% down costs about $4,089 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,175, 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 $175,241 for the 20%-down payment. That payment is 53% of the median Herald household income of $93,036; at that income and 20% down, the 28% guideline points to a home of about $346,000.
| Down payment | $130,360 |
|---|---|
| Loan amount | $521,440 |
| Principal and interest | $3,508 |
| Property taxes (0.57% a year) | $310 |
| Homeowners insurance (our estimate, 0.5% a year) | $272 |
| PMI | $0 |
| Total per month | $4,089 |
Change the numbers in the calculator
| Down payment | $22,813 |
|---|---|
| Loan amount | $639,994 |
| Principal and interest | $4,305 |
| Property taxes (0.57% a year) | $310 |
| Homeowners insurance (our estimate, 0.5% a year) | $272 |
| FHA mortgage insurance | $288 |
| Total per month | $5,175 |
Change the numbers in the calculator
Questions about home buying in Herald
What is the median home value in Herald?
About $651,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Herald?
Homeowners pay a median $3,741 a year, which is about 0.57% 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 Herald?
For the median home with 20% down at 7.11%, the payment is about $4,089 a month. Keeping that under 28% of gross income takes about $175,241 a year.
More about Herald
- Mortgage Refinance in Herald
- Debt Relief in Herald
- Home Equity Loans in Herald
- 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