Lathrop First-Time Homebuyer Report for October

Lathrop is a city that is growing faster than others in California at a 10-year growth rate of 70.9%. It also has a larger than average population of 18,023 people. Lathrop is made up of homes that are of moderate age with a median of 16 years. Topping the list of best schools in the city is Joseph Widmer, Jr., Elementary School.

Culture

According to Foursquare, if shopping is your thing, you might enjoy Target, Save Mart, and Walgreens. You might also try Dell'Osso Family Farm and Go Bananas, a few popular places to experience the outdoors. You could also try out the popular Mikasa Japanese Bistro, Denny's, and Jack in the Box if you dine out.

Price Range

Some of the least expensive homes in California are in Lathrop with a median home value of $162,900, while the list prices of available homes is currently at an average of $341,673. Over the last 30 days, an established upward sales trend continued in the Lathrop market, extended as sales rose to five this week.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Lathrop:

$368K  

Typical Dwelling

The typical dwelling in Lathrop is a four-bedroom detached home worth about $346,750. To purchase a similar home, a buyer with good credit and a $69,350 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,548 monthly payment. The property tax rate is $8.07 per $1,000 of taxable assessed value.

Get started right now by checking out Lathrop homes for sale or reviewing Lathrop real estate trends.


Data reported through 10/13/2016

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