Mountain View First-Time Homebuyer Report for October

Mountain View is a relatively small city in California with a median income of $79,302 per household. Besides being very affluent, its population is older than others with a median age of 36 years. Its three largest zip codes are 94040, 94043, and 94041. The Mountain View market mostly consists of detached houses, accounting for 67% of the current homes in the area. Heading the list of top schools in the city is Springer Elementary School.

Culture

If you're looking to explore the landscape of Mountain View, then check out Shoreline Park & Lake and Android Lawn Statues, Foursquare's most popular places for outdoor activities. For arts and entertainment, you'll find Shoreline Amphitheatre and Computer History Museum. And finally, recommended places to eat are In-N-Out Burger, Sushi Tomi, and Shana Thai Restaurant.

Price Range

Homes in Mountain View are generally more expensive than others in the state with a median home value of $740,300 and an average list price of $1,470,491. The homes with the highest value are in 94040, 94041, and 94043. With home sales in the Mountain View market already below average, in this week's report they slid 4.9% to 39 homes sold over the last 30 days.

Curious as to which homes have been getting the most attention in Mountain View? These listings have stirred up interest and produced the most views:

$1.9M   $1.5M   $1.9M  

Typical Dwelling

The typical dwelling in Mountain View is a three-bedroom detached home worth about $1,699,205. To purchase a similar home, a buyer with good credit and a $339,841 cash down payment could obtain a mortgage with a 3.95% interest rate and a $5,051 monthly payment. The property tax rate is $5.62 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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