October's First-Time Homebuyer Report for Piedmont Avenue

Piedmont Avenue is the fastest growing neighborhood in Oakland, at a 10-year growth rate of 4.5%. It currently ranks 103rd in terms of population with 1,173 residents. Piedmont Avenue is made up of homes that are older than most with a median of 47 years. Heading the list of top schools in the neighborhood is Piedmont Avenue Elementary School.

Price Range

Piedmont Avenue has some of the more expensive homes in the city with a median home value of $442,276 and a current average list price of $557,385. Over the last 30 days, five homes were sold in the Piedmont Avenue market, down 16.7%. Additionally, the market is still in a recent downward trend overall.

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

$759K  

Typical Dwelling

A one-bedroom condo valued around $432,995 is considered a typical dwelling in Piedmont Avenue. If a buyer was looking for a similar home, they would need good credit and a $86,599 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $3,520 and the property tax rate is $7.10 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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MICHAEL JAMES REAL ESTATE
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MADDOX REAL ESTATE
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Red Oak Realty
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