Compare Sonoma, CA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Sonoma.
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March 20, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in Sonoma. Understand how much you need to earn to afford a home in Sonoma, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Sonoma fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Sonoma is right for you.
The median home value for Sonoma, CA is $783,165
Based on current mortgage rates and a 10% down payment, you need to make $163,381 per year to buy the median priced home in Sonoma
With this income, you could qualify for a $704,849 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Sonoma is $3,784
The median household income for Sonoma, CA is $95,672
Based on this income, you can afford a home valued at approximately $458,602
The home price you can afford to buy based on household income in Sonoma is 59% of the median home value which means housing prices are very expensive. Sonoma ranks 45 out of 58 counties in California and 3,113 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Sonoma, CA is very expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Sonoma below.
Conforming loan limits for Sonoma, CA
FHA loan limits for Sonoma, CA
VA loan limits for Sonoma, CA
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