The typical owner-occupied home in Lemon Cove is worth about $274,100, 63% below the California median of $734,700 and 18% below the national median of $332,700. Owners pay a median $2,048 a year in property taxes, about 0.75% of their home's value, higher than the California rate of 0.70%. The median household earns $60,476 a year, so the median home costs 4.5 times the median income (7.4 times for California). 76% of occupied homes here are lived in by their owners, and 84% of those owners still have a mortgage.
Lemon Cove at a glance
| Lemon Cove | California | U.S. | |
|---|---|---|---|
| Median home value | $274,100 | $734,700 | $332,700 |
| Median property tax paid per year | $2,048 | $5,124 | $3,119 |
| Property tax as a share of value | 0.75% | 0.70% | 0.94% |
| Median household income | $60,476 | $99,122 | $80,734 |
| Homes lived in by their owners | 76% | 56% | 65% |
| Owner homes with a mortgage | 84% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,607 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 23.0% | 24.8% | 21.0% |
| Median rent | – | $2,036 | $1,413 |
| Median year homes were built | 1977 | 1976 | 1980 |
| Vacant homes | 14.8% | 7.5% | 10.1% |
| Population | 484 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Lemon Cove
At this week's average 30-year rate of 7.11%, buying the median Lemon Cove home of $274,100 with 20% down costs about $1,761 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,217, 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 $75,456 for the 20%-down payment. That payment is 35% of the median Lemon Cove household income of $60,476; at that income and 20% down, the 28% guideline points to a home of about $220,000.
| Down payment | $54,820 |
|---|---|
| Loan amount | $219,280 |
| Principal and interest | $1,475 |
| Property taxes (0.75% a year) | $171 |
| Homeowners insurance (our estimate, 0.5% a year) | $114 |
| PMI | $0 |
| Total per month | $1,761 |
Change the numbers in the calculator
| Down payment | $9,594 |
|---|---|
| Loan amount | $269,135 |
| Principal and interest | $1,810 |
| Property taxes (0.75% a year) | $171 |
| Homeowners insurance (our estimate, 0.5% a year) | $114 |
| FHA mortgage insurance | $121 |
| Total per month | $2,217 |
Change the numbers in the calculator
Questions about home buying in Lemon Cove
What is the median home value in Lemon Cove?
About $274,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lemon Cove?
Homeowners pay a median $2,048 a year, which is about 0.75% 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 Lemon Cove?
For the median home with 20% down at 7.11%, the payment is about $1,761 a month. Keeping that under 28% of gross income takes about $75,456 a year.
More about Lemon Cove
- Mortgage Refinance in Lemon Cove
- Debt Relief in Lemon Cove
- Home Equity Loans in Lemon Cove
- 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