CALCMONEY // HOME AFFORDABILITY // CA // DAVIS
How much house can you afford in Davis? Based on local median home prices, current CA mortgage rates, and Davis property tax data.
$780,000
$5,129/mo
$219,806/yr
$300,136
Monthly housing costs of $5,129 represent 55.0% of Davis's median gross monthly income ($9,333/mo). At 55.0%, median-income buyers in Davis are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $780,000 |
| Down Payment (20%) | $156,000 |
| Loan Amount | $624,000 |
| Monthly PI Payment | $4,089 |
| Monthly Property Tax | $715 |
| Monthly Insurance Est. | $325 |
| Total Monthly PITI | $5,129 |
| Housing Cost % of Income | 55.0% |
| Required Income (28% rule) | $219,806/yr |
| Max Affordable Home | $300,136 |
$27,300
$6,505/mo
Davis Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $780,000 | Davis city median |
| Down Payment (20%) | $156,000 | Conventional loan |
| Monthly PITI | $5,129 | 6.85% rate, 30yr fixed |
| Required Income (28% rule) | $219,806 | Annual gross |
| Max Affordable Home | $300,136 | Based on median income |
| FHA Down (3.5%) | $27,300 | Minimum FHA |
| Housing Cost % of Income | 55.0% | Median income: $112,000/yr |
| Property Tax Rate | 1.1% | $8,580/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Davis is $780,000, with a local 30-year mortgage rate of 6.85%. A buyer putting 20% down carries a loan of $624,000, generating a monthly P&I payment of $4,089. Adding property taxes ($715/mo) and homeowners insurance ($325/mo) brings total monthly PITI to $5,129.
Davis's property tax rate of 1.1% is near the national average, adding a standard increment to monthly housing costs. On the Davis median home, that is $715/month, or $8,580 per year.
California levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Davis should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Davis's median income of $112,000/year can afford up to $2,613/month in total housing costs. Based on Davis's mortgage rate of 6.85% and property tax rate of 1.1%, that translates to a maximum affordable home price of approximately $300,136 with 20% down on a 30-year loan.
To afford the median Davis home priced at $780,000, you need an annual gross income of approximately $219,806. Total monthly housing costs (principal and interest of $4,089, property taxes of $715, and insurance of $325) come to $5,129/month, which equals 28% of the required income.
At the median home price of $780,000 and median household income of $112,000, the total monthly housing cost of $5,129 represents 55.0% of gross monthly income. This is well above the standard 28% threshold, making Davis a challenging market for buyers at median income.
A conventional 20% down payment on the median Davis home of $780,000 is $156,000. An FHA loan requires just 3.5% down — $27,300 — but adds mortgage insurance of roughly $533/month, bringing total FHA payments to $6,505/month.
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