The typical owner-occupied home in De Soto is worth about $62,900, 79% below the Georgia median of $303,300 and 81% below the national median of $332,700. The median household earns $30,972 a year, so the median home costs 2.0 times the median income (3.9 times for Georgia). 75% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
De Soto at a glance
| De Soto | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $62,900 | $303,300 | $332,700 |
| Median property tax paid per year | – | $2,341 | $3,119 |
| Median household income | $30,972 | $77,353 | $80,734 |
| Homes lived in by their owners | 75% | 66% | 65% |
| Owner homes with a mortgage | 34% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $659 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 20.0% | 21.0% |
| Median rent | $917 | $1,393 | $1,413 |
| Rent as a share of renters' income | 26.9% | 31.3% | 30.6% |
| Median year homes were built | 1984 | 1992 | 1980 |
| Vacant homes | 13.6% | 10.3% | 10.1% |
| Population | 99 | 10,940,407 | 334,922,499 |
What a typical home costs per month in De Soto
At this week's average 30-year rate of 7.11%, buying the median De Soto home of $62,900 with 20% down costs about $422 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $527, 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 $18,102 for the 20%-down payment. That payment is 16% of the median De Soto household income of $30,972; at that income and 20% down, the 28% guideline points to a home of about $108,000.
The median rent here is $917 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $12,580 |
|---|---|
| Loan amount | $50,320 |
| Principal and interest | $339 |
| Property taxes (1.10% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| PMI | $0 |
| Total per month | $422 |
Change the numbers in the calculator
| Down payment | $2,202 |
|---|---|
| Loan amount | $61,761 |
| Principal and interest | $415 |
| Property taxes (1.10% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| FHA mortgage insurance | $28 |
| Total per month | $527 |
Change the numbers in the calculator
Questions about home buying in De Soto
What is the median home value in De Soto?
About $62,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in De Soto?
For the median home with 20% down at 7.11%, the payment is about $422 a month. Keeping that under 28% of gross income takes about $18,102 a year.
More about De Soto
- Mortgage Refinance in De Soto
- Debt Relief in De Soto
- Home Equity Loans in De Soto
- 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