The typical owner-occupied home in Lathrop is worth about $643,600, 12% below the California median of $734,700 and 93% above the national median of $332,700. Owners pay a median $7,068 a year in property taxes, about 1.10% of their home's value, higher than the California rate of 0.70%. The median household earns $126,421 a year, so the median home costs 5.1 times the median income (7.4 times for California). 85% of occupied homes here are lived in by their owners, and 79% of those owners still have a mortgage.
Lathrop at a glance
| Lathrop | California | U.S. | |
|---|---|---|---|
| Median home value | $643,600 | $734,700 | $332,700 |
| Median property tax paid per year | $7,068 | $5,124 | $3,119 |
| Property tax as a share of value | 1.10% | 0.70% | 0.94% |
| Median household income | $126,421 | $99,122 | $80,734 |
| Homes lived in by their owners | 85% | 56% | 65% |
| Owner homes with a mortgage | 79% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $3,115 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 25.4% | 24.8% | 21.0% |
| Median rent | $2,570 | $2,036 | $1,413 |
| Rent as a share of renters' income | 28.9% | 32.8% | 30.6% |
| Median year homes were built | 2007 | 1976 | 1980 |
| Vacant homes | 3.4% | 7.5% | 10.1% |
| Population | 35,052 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Lathrop
At this week's average 30-year rate of 7.11%, buying the median Lathrop home of $643,600 with 20% down costs about $4,322 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,394, 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 $185,218 for the 20%-down payment. That payment is 41% of the median Lathrop household income of $126,421; at that income and 20% down, the 28% guideline points to a home of about $439,000.
The median rent here is $2,570 a month, so owning the median home costs about $1,752 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $128,720 |
|---|---|
| Loan amount | $514,880 |
| Principal and interest | $3,464 |
| Property taxes (1.10% a year) | $590 |
| Homeowners insurance (our estimate, 0.5% a year) | $268 |
| PMI | $0 |
| Total per month | $4,322 |
Change the numbers in the calculator
| Down payment | $22,526 |
|---|---|
| Loan amount | $631,943 |
| Principal and interest | $4,251 |
| Property taxes (1.10% a year) | $590 |
| Homeowners insurance (our estimate, 0.5% a year) | $268 |
| FHA mortgage insurance | $285 |
| Total per month | $5,394 |
Change the numbers in the calculator
Questions about home buying in Lathrop
What is the median home value in Lathrop?
About $643,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lathrop?
Homeowners pay a median $7,068 a year, which is about 1.10% 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 Lathrop?
For the median home with 20% down at 7.11%, the payment is about $4,322 a month. Keeping that under 28% of gross income takes about $185,218 a year.
More about Lathrop
- Mortgage Refinance in Lathrop
- Debt Relief in Lathrop
- Home Equity Loans in Lathrop
- 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