Calculate using real San Diego data. Median home price: $800,000. Property tax rate: 0.73%.
With the median household income of $89,457 in San Diego, CA, following the 28% rule, you could afford a monthly payment of about $2,087.
The cost of living index in San Diego, CA is 165 (national average = 100). A home at the median price of $800,000 would require roughly 8.9x the median income.
A conventional 20% down payment on the median San Diego, CA home ($800,000) would be $160,000. FHA loans may require as little as 3.5% ($28,000).