The typical owner-occupied home in Bodega Bay is worth about $1,294,900, 76% above the California median of $734,700 and 3.9 times the national median of $332,700. Owners pay a median $8,994 a year in property taxes, about 0.69% of their home's value, close to the California rate of 0.70%. The median household earns $182,898 a year, so the median home costs 7.1 times the median income (7.4 times for California). 73% of occupied homes here are lived in by their owners, and 84% of those owners still have a mortgage.
Bodega Bay at a glance
| Bodega Bay | California | U.S. | |
|---|---|---|---|
| Median home value | $1,294,900 | $734,700 | $332,700 |
| Median property tax paid per year | $8,994 | $5,124 | $3,119 |
| Property tax as a share of value | 0.69% | 0.70% | 0.94% |
| Median household income | $182,898 | $99,122 | $80,734 |
| Homes lived in by their owners | 73% | 56% | 65% |
| Owner homes with a mortgage | 84% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $3,500 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 41.8% | 24.8% | 21.0% |
| Median rent | $1,689 | $2,036 | $1,413 |
| Rent as a share of renters' income | 14.9% | 32.8% | 30.6% |
| Median year homes were built | 1984 | 1976 | 1980 |
| Vacant homes | 48.3% | 7.5% | 10.1% |
| Population | 1,139 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Bodega Bay
At this week's average 30-year rate of 7.11%, buying the median Bodega Bay home of $1,294,900 with 20% down costs about $8,253 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $10,618, 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 $353,692 for the 20%-down payment. That payment is 54% of the median Bodega Bay household income of $182,898; at that income and 20% down, the 28% guideline points to a home of about $670,000.
The median rent here is $1,689 a month, so owning the median home costs about $6,564 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $258,980 |
|---|---|
| Loan amount | $1,035,920 |
| Principal and interest | $6,969 |
| Property taxes (0.69% a year) | $745 |
| Homeowners insurance (our estimate, 0.5% a year) | $540 |
| PMI | $0 |
| Total per month | $8,253 |
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| Down payment | $45,322 |
|---|---|
| Loan amount | $1,271,446 |
| Principal and interest | $8,553 |
| Property taxes (0.69% a year) | $745 |
| Homeowners insurance (our estimate, 0.5% a year) | $540 |
| FHA mortgage insurance | $781 |
| Total per month | $10,618 |
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Questions about home buying in Bodega Bay
What is the median home value in Bodega Bay?
About $1,294,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bodega Bay?
Homeowners pay a median $8,994 a year, which is about 0.69% 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 Bodega Bay?
For the median home with 20% down at 7.11%, the payment is about $8,253 a month. Keeping that under 28% of gross income takes about $353,692 a year.
More about Bodega Bay
- Mortgage Refinance in Bodega Bay
- Debt Relief in Bodega Bay
- Home Equity Loans in Bodega Bay
- 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