The typical owner-occupied home in Saratoga is worth about $97,900, 66% below the North Carolina median of $288,900 and 71% below the national median of $332,700. Owners pay a median $1,020 a year in property taxes, about 1.04% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $30,469 a year, so the median home costs 3.2 times the median income (4.0 times for North Carolina). 69% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Saratoga at a glance
| Saratoga | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $97,900 | $288,900 | $332,700 |
| Median property tax paid per year | $1,020 | $1,896 | $3,119 |
| Property tax as a share of value | 1.04% | 0.66% | 0.94% |
| Median household income | $30,469 | $72,388 | $80,734 |
| Homes lived in by their owners | 69% | 67% | 65% |
| Owner homes with a mortgage | 67% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,029 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 26.1% | 19.4% | 21.0% |
| Median rent | $800 | $1,228 | $1,413 |
| Rent as a share of renters' income | 37.4% | 29.5% | 30.6% |
| Median year homes were built | 1980 | 1991 | 1980 |
| Vacant homes | 24.7% | 12.5% | 10.1% |
| Population | 291 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Saratoga
At this week's average 30-year rate of 7.11%, buying the median Saratoga home of $97,900 with 20% down costs about $652 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $816, 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 $27,964 for the 20%-down payment. That payment is 26% of the median Saratoga household income of $30,469; at that income and 20% down, the 28% guideline points to a home of about $107,000.
The median rent here is $800 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,580 |
|---|---|
| Loan amount | $78,320 |
| Principal and interest | $527 |
| Property taxes (1.04% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $652 |
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| Down payment | $3,426 |
|---|---|
| Loan amount | $96,127 |
| Principal and interest | $647 |
| Property taxes (1.04% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $43 |
| Total per month | $816 |
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Questions about home buying in Saratoga
What is the median home value in Saratoga?
About $97,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Saratoga?
Homeowners pay a median $1,020 a year, which is about 1.04% 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 Saratoga?
For the median home with 20% down at 7.11%, the payment is about $652 a month. Keeping that under 28% of gross income takes about $27,964 a year.
More about Saratoga
- Mortgage Refinance in Saratoga
- Debt Relief in Saratoga
- Home Equity Loans in Saratoga
- 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