CALCMONEY // HOME AFFORDABILITY // CA // OXNARD
How much house can you afford in Oxnard? Based on local median home prices, current CA mortgage rates, and Oxnard property tax data.
$680,000
$4,273/mo
$183,126/yr
$185,359
Monthly housing costs of $4,273 represent 71.2% of Oxnard's median gross monthly income ($6,000/mo). At 71.2%, median-income buyers in Oxnard are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $680,000 |
| Down Payment (20%) | $136,000 |
| Loan Amount | $544,000 |
| Monthly PI Payment | $3,565 |
| Monthly Property Tax | $425 |
| Monthly Insurance Est. | $283 |
| Total Monthly PITI | $4,273 |
| Housing Cost % of Income | 71.2% |
| Required Income (28% rule) | $183,126/yr |
| Max Affordable Home | $185,359 |
$23,800
$5,473/mo
Oxnard Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $680,000 | Oxnard city median |
| Down Payment (20%) | $136,000 | Conventional loan |
| Monthly PITI | $4,273 | 6.85% rate, 30yr fixed |
| Required Income (28% rule) | $183,126 | Annual gross |
| Max Affordable Home | $185,359 | Based on median income |
| FHA Down (3.5%) | $23,800 | Minimum FHA |
| Housing Cost % of Income | 71.2% | Median income: $72,000/yr |
| Property Tax Rate | 0.75% | $5,100/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Oxnard is $680,000, with a local 30-year mortgage rate of 6.85%. A buyer putting 20% down carries a loan of $544,000, generating a monthly P&I payment of $3,565. Adding property taxes ($425/mo) and homeowners insurance ($283/mo) brings total monthly PITI to $4,273.
Oxnard's property tax rate of 0.75% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Oxnard median home, that is $425/month, or $5,100 per year.
California levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Oxnard 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 Oxnard's median income of $72,000/year can afford up to $1,680/month in total housing costs. Based on Oxnard's mortgage rate of 6.85% and property tax rate of 0.75%, that translates to a maximum affordable home price of approximately $185,359 with 20% down on a 30-year loan.
To afford the median Oxnard home priced at $680,000, you need an annual gross income of approximately $183,126. Total monthly housing costs (principal and interest of $3,565, property taxes of $425, and insurance of $283) come to $4,273/month, which equals 28% of the required income.
At the median home price of $680,000 and median household income of $72,000, the total monthly housing cost of $4,273 represents 71.2% of gross monthly income. This is well above the standard 28% threshold, making Oxnard a challenging market for buyers at median income.
A conventional 20% down payment on the median Oxnard home of $680,000 is $136,000. An FHA loan requires just 3.5% down — $23,800 — but adds mortgage insurance of roughly $465/month, bringing total FHA payments to $5,473/month.
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