The typical owner-occupied home in Saratoga is worth about $296,400, 4% below the Wyoming median of $309,700 and 11% below the national median of $332,700. Owners pay a median $1,493 a year in property taxes, about 0.50% of their home's value, lower than the Wyoming rate of 0.57%. The median household earns $85,234 a year, so the median home costs 3.5 times the median income (4.1 times for Wyoming). 86% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Saratoga at a glance
| Saratoga | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $296,400 | $309,700 | $332,700 |
| Median property tax paid per year | $1,493 | $1,767 | $3,119 |
| Property tax as a share of value | 0.50% | 0.57% | 0.94% |
| Median household income | $85,234 | $76,176 | $80,734 |
| Homes lived in by their owners | 86% | 72% | 65% |
| Owner homes with a mortgage | 39% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,526 | $1,754 | $1,963 |
| Those costs as a share of the owners' income | 21.3% | 21.0% | 21.0% |
| Median rent | $1,136 | $992 | $1,413 |
| Rent as a share of renters' income | 25.7% | 27.0% | 30.6% |
| Median year homes were built | 1976 | 1981 | 1980 |
| Vacant homes | 21.1% | 12.2% | 10.1% |
| Population | 1,740 | 582,397 | 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 $296,400 with 20% down costs about $1,842 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,336, 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 $78,948 for the 20%-down payment. That payment is 26% of the median Saratoga household income of $85,234; at that income and 20% down, the 28% guideline points to a home of about $320,000.
The median rent here is $1,136 a month, so owning the median home costs about $706 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $59,280 |
|---|---|
| Loan amount | $237,120 |
| Principal and interest | $1,595 |
| Property taxes (0.50% a year) | $124 |
| Homeowners insurance (our estimate, 0.5% a year) | $124 |
| PMI | $0 |
| Total per month | $1,842 |
Change the numbers in the calculator
| Down payment | $10,374 |
|---|---|
| Loan amount | $291,031 |
| Principal and interest | $1,958 |
| Property taxes (0.50% a year) | $124 |
| Homeowners insurance (our estimate, 0.5% a year) | $124 |
| FHA mortgage insurance | $131 |
| Total per month | $2,336 |
Change the numbers in the calculator
Questions about home buying in Saratoga
What is the median home value in Saratoga?
About $296,400 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 $1,493 a year, which is about 0.50% 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 $1,842 a month. Keeping that under 28% of gross income takes about $78,948 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