The typical owner-occupied home in Loomis is worth about $169,900, 70% below the Washington median of $564,600 and 49% below the national median of $332,700. The median household earns $38,546 a year, so the median home costs 4.4 times the median income (5.8 times for Washington). 24% of occupied homes here are lived in by their owners, and 22% of those owners still have a mortgage.
Loomis at a glance
| Loomis | Washington | U.S. | |
|---|---|---|---|
| Median home value | $169,900 | $564,600 | $332,700 |
| Median property tax paid per year | – | $4,556 | $3,119 |
| Median household income | $38,546 | $98,141 | $80,734 |
| Homes lived in by their owners | 24% | 64% | 65% |
| Owner homes with a mortgage | 22% | 66% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,445 | $1,963 |
| Median rent | – | $1,760 | $1,413 |
| Median year homes were built | 1996 | 1985 | 1980 |
| Vacant homes | 0.0% | 7.3% | 10.1% |
| Population | 135 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Loomis
At this week's average 30-year rate of 7.11%, buying the median Loomis home of $169,900 with 20% down costs about $1,141 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,424, 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 $48,894 for the 20%-down payment. That payment is 36% of the median Loomis household income of $38,546; at that income and 20% down, the 28% guideline points to a home of about $134,000.
| Down payment | $33,980 |
|---|---|
| Loan amount | $135,920 |
| Principal and interest | $914 |
| Property taxes (1.10% a year) | $156 |
| Homeowners insurance (our estimate, 0.5% a year) | $71 |
| PMI | $0 |
| Total per month | $1,141 |
Change the numbers in the calculator
| Down payment | $5,946 |
|---|---|
| Loan amount | $166,823 |
| Principal and interest | $1,122 |
| Property taxes (1.10% a year) | $156 |
| Homeowners insurance (our estimate, 0.5% a year) | $71 |
| FHA mortgage insurance | $75 |
| Total per month | $1,424 |
Change the numbers in the calculator
Questions about home buying in Loomis
What is the median home value in Loomis?
About $169,900 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 Loomis?
For the median home with 20% down at 7.11%, the payment is about $1,141 a month. Keeping that under 28% of gross income takes about $48,894 a year.
More about Loomis
- Mortgage Refinance in Loomis
- Debt Relief in Loomis
- Home Equity Loans in Loomis
- 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