October's First-Time Homebuyer Report for Fitchburg

Fitchburg has a much older population than other areas in Oakland with a median age of 29 years. It is also less affluent than average with a median income of $39,591 per household. With a median age of 55 years, homes in Fitchburg tend to be older than most. The top school in the neighborhood is Oakland Aviation High School.

Price Range

The median value of homes in Fitchburg is $178,601, making it one of the lower priced areas in Oakland. At the same time, the average list price of available homes is presently $283,511. Home sales in the Fitchburg market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 66.7% to one home sold over the last 30 days.

Typical Dwelling

The typical dwelling in Fitchburg is a three-bedroom detached home worth about $331,000. To purchase a similar home, a buyer with good credit and a $66,200 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,986 monthly payment. The property tax rate is $7.10 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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