Rancho Cucamonga Real Estate
Rancho Cucamonga Demographics and Info
Rancho Cucamonga is one of the more affluent cities in the Inland Empire with a median income of $74,547 per household. As of 2014, Rancho Cucamonga's population is 165,775 - a population growth of 29.53% over 2000. Rancho Cucamonga is the 28th largest community in California and is a very diverse community with 4 very popular zip codes - 91701, 91730, 91737, and 91739. With an ownership ratio of 62.3%, most people in Rancho Cucamonga are homeowners. The most affordable zip code in Rancho Cucamonga is 91730. The most expensive zip code in Rancho Cucamonga is 91737.
Rancho Cucamonga Real Estate Market
The median List Price per square foot in Rancho Cucamonga was $254.00, while, the Median Sold Price per square foot for homes in Rancho Cucamonga was $240.00.
There are currently 469 Active Listings in Rancho Cucamonga as of August 31, 2014 according to the MLS. The average List Price on homes for sale in Rancho Cucamonga was $477,872 for the week ending Aug 29, which represents an increase of 8% compared to the same time last year.
The average Sold Price for homes in Rancho Cucamonga from May 15 to Aug 31 was $440,777 based on 238 sales.
It’s important to understand the difference between List Price (what sellers are asking) and Sold Price (what buyers are willing to pay). By comparing these two price trends you will have a good idea of where the Rancho Cucamonga real estate market actually is.
Distressed properties such as Foreclosures and Short Sales remain at 3.2% which indicates that more Rancho Cucamonga homeowners are finding themselves in an equity position . . . which is clearly a sign that things are getting better for the Rancho Cucamonga Real Estate market.
Rancho Cucamonga Real Estate Market By Zip
Rancho Cucamonga Real Estate Rental Market
Despite rising Rancho Cucamonga home prices and climbing interest rates, it's still cheaper for residents to buy a home than rent a house in Rancho Cucamonga.
Rancho Cucamonga home prices are just one factor to consider. Deciding whether to buy or rent a house in Rancho Cucamonga also depends on how long you plan to stay there.
Trulia statistics show that nationwide, homebuyers who remain in their homes for 7 years will save an average of 38% over renting as opposed to a year ago when buying was 44% cheaper.
For Rancho Cucamonga residents that decide to Rent over Buying, they will find that the average rental rate in Rancho Cucamonga is $1850.00
Find Homes for Sale in Rancho Cucamonga
Visit my website to Search For Homes in Rancho Cucamonga or to be notified when Rancho Cucamonga homes come on the market.
To find out what your Rancho Cucamonga home is worth in today’s market email me or call me at (909) 257-7505. I’ll be glad to discuss how this Rancho Cucamonga Real Estate Market information could affect your upcoming Rancho Cucamonga home sale or home purchase.