The typical owner-occupied home in Patterson is worth about $450,200, 39% below the California median of $734,700 and 35% above the national median of $332,700. Owners pay a median $4,465 a year in property taxes, about 0.99% of their home's value, higher than the California rate of 0.70%. The median household earns $93,650 a year, so the median home costs 4.8 times the median income (7.4 times for California). 71% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Patterson at a glance
| Patterson | California | U.S. | |
|---|---|---|---|
| Median home value | $450,200 | $734,700 | $332,700 |
| Median property tax paid per year | $4,465 | $5,124 | $3,119 |
| Property tax as a share of value | 0.99% | 0.70% | 0.94% |
| Median household income | $93,650 | $99,122 | $80,734 |
| Homes lived in by their owners | 71% | 56% | 65% |
| Owner homes with a mortgage | 68% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,547 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 25.6% | 24.8% | 21.0% |
| Median rent | $1,655 | $2,036 | $1,413 |
| Rent as a share of renters' income | 26.9% | 32.8% | 30.6% |
| Median year homes were built | 2000 | 1976 | 1980 |
| Vacant homes | 5.4% | 7.5% | 10.1% |
| Population | 24,693 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Patterson
At this week's average 30-year rate of 7.11%, buying the median Patterson home of $450,200 with 20% down costs about $2,982 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,732, 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 $127,792 for the 20%-down payment. That payment is 38% of the median Patterson household income of $93,650; at that income and 20% down, the 28% guideline points to a home of about $330,000.
The median rent here is $1,655 a month, so owning the median home costs about $1,327 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $90,040 |
|---|---|
| Loan amount | $360,160 |
| Principal and interest | $2,423 |
| Property taxes (0.99% a year) | $371 |
| Homeowners insurance (our estimate, 0.5% a year) | $188 |
| PMI | $0 |
| Total per month | $2,982 |
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| Down payment | $15,757 |
|---|---|
| Loan amount | $442,046 |
| Principal and interest | $2,974 |
| Property taxes (0.99% a year) | $371 |
| Homeowners insurance (our estimate, 0.5% a year) | $188 |
| FHA mortgage insurance | $199 |
| Total per month | $3,732 |
Change the numbers in the calculator
Questions about home buying in Patterson
What is the median home value in Patterson?
About $450,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Patterson?
Homeowners pay a median $4,465 a year, which is about 0.99% 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 Patterson?
For the median home with 20% down at 7.11%, the payment is about $2,982 a month. Keeping that under 28% of gross income takes about $127,792 a year.
More about Patterson
- Mortgage Refinance in Patterson
- Debt Relief in Patterson
- Home Equity Loans in Patterson
- 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