Want to buy a house in California? Here’s which counties have the lowest and highest prices

When you’re seeking to purchase a home in California, be ready to cough up some money.

In keeping with the California Affiliation of Realtors’ February house gross sales and value report, the median bought value of an present single household house in California averaged $806,490 — which was a rise of about 2% in comparison with January.

Since February 2023, the statewide median house value has risen virtually 10%.

“Regardless of a current uptick in mortgage charges, California’s housing market continued to display resilience in February, reaching gross sales ranges not seen since September 2022,” the affiliation stated within the report.

General, year-to-date house gross sales in California had been up by 3.4% final month.

“Shoppers have been feeling extra constructive about shopping for and promoting because the starting of the 12 months, as will increase in gross sales exercise and residential costs are mirrored within the newest enchancment in optimism,” Jordan Levine, the affiliation’s Vice President, stated within the report.

Nonetheless, Levine stated barely larger mortgage charges this month may “end in extra reasonable gross sales.”

As of Monday, the common rate of interest for a 30-year mounted mortgage in California is at 6.43%, in accordance with Zillow.

The place can you discover the most affordable house costs in California?

In keeping with the affiliation’s February house gross sales and value report, these 10 counties had cheaper costs than the state median:

1. Lassen County

Median bought value of present single household properties: $263,000

Area: Northern California

2. Trinity County

Median bought value of present single household properties: $280,000

Area: Northern California

3. Del Norte County

Median bought value of present single household properties: $295,000

Area: Northern California

4. Lake County

Median bought value of present single household properties: $315,000

Area: Northern California

5. Kings County

Median bought value of present single household properties: $339,950

Area: Central Valley

6. Siskiyou County

Median bought value of present single household properties: $340,000

Area: Northern California

7. Tehama County

Median bought value of present single household properties: $349,000

Area: Northern California

8. Imperial County

Median bought value of present single household properties: $355,000

Area: Southern California

9. Tulare County

Median bought value of present single household properties: $359,990

Area: Central Valley

10. Glenn County

Median bought value of present single household properties: $360,000

Area: Central Valley

The place are the costliest house costs in California?

The Bay Space stays the costliest area to purchase a home with a median of greater than $1.3 million for a single-family house.

In keeping with final month’s house gross sales and value report, these 5 counties had the costliest costs:

  1. San Mateo County – $1,922,500

  2. Santa Clara County – $1,808,890

  3. Marin County – $1,610,000

  4. San Francisco County – $1,590,000

  5. Orange County – $1,350,000

How a lot cash do I would like to purchase a home in California?

If you wish to comfortably afford a house in the USA, you’ll must earn an annual earnings of over $106,000, in accordance with a current report from Zillow.

For the median bought value of an present single-family house of $806,490, a 20% down cost could be$161,298 in California.

Month-to-month funds on a 30-year mounted mortgage for this value with a few 6.5% rate of interest could be round $5,065, together with insurance coverage and taxes, in accordance with Zillow’s mortgage calculator.

What do you need to find out about life in Sacramento? Ask our service journalism workforce your top-of-mind questions within the module under or e-mail servicejournalists@sacbee.com.

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