October's First-Time Homebuyer Report for San Bernardino

San Bernardino is much older than the rest of California, with a median age of 28. It's much less affluent than average as well, with a median income of $38,420 per household. East Valley is the largest neighborhood in terms of population. The San Bernardino market almost exclusively consists of detached houses, accounting for 93% of the current homes in the area. Topping the list of best schools in the city is Richardson Prep Hi.

Price Range

San Bernardino has some of the more affordable homes in the state with a median home value of $113,000 and a current average list price of $241,136. The homes with the highest value are in Ridgeline, Wildwood Park, and North Park.

Make sure you take a look at these eye-catching homes in San Bernardino that generated the most views from potential buyers:

$295K   $259K   $549K  

Typical Dwelling

A three-bedroom detached home valued around $245,569 is considered a typical dwelling in San Bernardino. If a buyer was looking for a similar home, they would need good credit and a $49,114 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,169 and the property tax rate is $9.16 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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