CALCMONEY // HOME AFFORDABILITY // CA // VENICE
How much house can you afford in Venice? Based on local median home prices, current CA mortgage rates, and Venice property tax data.
$1,850,000
$11,579/mo
$496,229/yr
$1,065,577
Monthly housing costs of $11,579 represent 43.4% of Venice's median gross monthly income ($26,667/mo). At 43.4%, median-income buyers in Venice are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $1,850,000 |
| Down Payment (20%) | $370,000 |
| Loan Amount | $1,480,000 |
| Monthly PI Payment | $9,698 |
| Monthly Property Tax | $1,110 |
| Monthly Insurance Est. | $771 |
| Total Monthly PITI | $11,579 |
| Housing Cost % of Income | 43.4% |
| Required Income (28% rule) | $496,229/yr |
| Max Affordable Home | $1,065,577 |
$64,750
$14,843/mo
Venice Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $1,850,000 | Venice city median |
| Down Payment (20%) | $370,000 | Conventional loan |
| Monthly PITI | $11,579 | 6.85% rate, 30yr fixed |
| Required Income (28% rule) | $496,229 | Annual gross |
| Max Affordable Home | $1,065,577 | Based on median income |
| FHA Down (3.5%) | $64,750 | Minimum FHA |
| Housing Cost % of Income | 43.4% | Median income: $320,000/yr |
| Property Tax Rate | 0.72% | $13,320/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Venice is $1,850,000, with a local 30-year mortgage rate of 6.85%. A buyer putting 20% down carries a loan of $1,480,000, generating a monthly P&I payment of $9,698. Adding property taxes ($1,110/mo) and homeowners insurance ($771/mo) brings total monthly PITI to $11,579.
Venice's property tax rate of 0.72% 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 Venice median home, that is $1,110/month, or $13,320 per year.
California levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Venice 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 Venice's median income of $320,000/year can afford up to $7,467/month in total housing costs. Based on Venice's mortgage rate of 6.85% and property tax rate of 0.72%, that translates to a maximum affordable home price of approximately $1,065,577 with 20% down on a 30-year loan.
To afford the median Venice home priced at $1,850,000, you need an annual gross income of approximately $496,229. Total monthly housing costs (principal and interest of $9,698, property taxes of $1,110, and insurance of $771) come to $11,579/month, which equals 28% of the required income.
At the median home price of $1,850,000 and median household income of $320,000, the total monthly housing cost of $11,579 represents 43.4% of gross monthly income. This is well above the standard 28% threshold, making Venice a challenging market for buyers at median income.
A conventional 20% down payment on the median Venice home of $1,850,000 is $370,000. An FHA loan requires just 3.5% down — $64,750 — but adds mortgage insurance of roughly $1,265/month, bringing total FHA payments to $14,843/month.
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