The typical owner-occupied home in Watsonville is worth about $686,000, 7% below the California median of $734,700 and 2.1 times the national median of $332,700. Owners pay a median $4,375 a year in property taxes, about 0.64% of their home's value, lower than the California rate of 0.70%. The median household earns $78,393 a year, so the median home costs 8.8 times the median income (7.4 times for California). 45% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Watsonville at a glance
| Watsonville | California | U.S. | |
|---|---|---|---|
| Median home value | $686,000 | $734,700 | $332,700 |
| Median property tax paid per year | $4,375 | $5,124 | $3,119 |
| Property tax as a share of value | 0.64% | 0.70% | 0.94% |
| Median household income | $78,393 | $99,122 | $80,734 |
| Homes lived in by their owners | 45% | 56% | 65% |
| Owner homes with a mortgage | 60% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,745 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 27.1% | 24.8% | 21.0% |
| Median rent | $1,889 | $2,036 | $1,413 |
| Rent as a share of renters' income | 33.8% | 32.8% | 30.6% |
| Median year homes were built | 1977 | 1976 | 1980 |
| Vacant homes | 4.0% | 7.5% | 10.1% |
| Population | 51,712 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Watsonville
At this week's average 30-year rate of 7.11%, buying the median Watsonville home of $686,000 with 20% down costs about $4,344 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,486, 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 $186,150 for the 20%-down payment. That payment is 66% of the median Watsonville household income of $78,393; at that income and 20% down, the 28% guideline points to a home of about $289,000.
The median rent here is $1,889 a month, so owning the median home costs about $2,455 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $137,200 |
|---|---|
| Loan amount | $548,800 |
| Principal and interest | $3,692 |
| Property taxes (0.64% a year) | $366 |
| Homeowners insurance (our estimate, 0.5% a year) | $286 |
| PMI | $0 |
| Total per month | $4,344 |
Change the numbers in the calculator
| Down payment | $24,010 |
|---|---|
| Loan amount | $673,575 |
| Principal and interest | $4,531 |
| Property taxes (0.64% a year) | $366 |
| Homeowners insurance (our estimate, 0.5% a year) | $286 |
| FHA mortgage insurance | $303 |
| Total per month | $5,486 |
Change the numbers in the calculator
Questions about home buying in Watsonville
What is the median home value in Watsonville?
About $686,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Watsonville?
Homeowners pay a median $4,375 a year, which is about 0.64% 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 Watsonville?
For the median home with 20% down at 7.11%, the payment is about $4,344 a month. Keeping that under 28% of gross income takes about $186,150 a year.
More about Watsonville
- Mortgage Refinance in Watsonville
- Debt Relief in Watsonville
- Home Equity Loans in Watsonville
- 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