Compare Vallejo, 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 Vallejo.
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September 30, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in Vallejo. Understand how much you need to earn to afford a home in Vallejo, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Vallejo 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 Vallejo is right for you.
The median home value for Vallejo, CA (Solano County) is $575,686
Based on current mortgage rates and a 10% down payment, you need to make $120,097 per year to buy the median priced home in Vallejo
With this income, you could qualify for a $518,117 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 Vallejo is $2,781
The median household income for Vallejo, CA (Solano County) is $89,051
Based on this income, you can afford a home valued at approximately $426,867
The home price you can afford to buy based on household income in Vallejo is 74% of the median home value which means housing prices are very expensive. Vallejo (Solano County) ranks 32 out of 58 counties in California and 3,051 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Vallejo, 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 Vallejo (Solano County) below.
Conforming loan limits for Vallejo, CA
FHA loan limits for Vallejo, CA
VA loan limits for Vallejo, CA