January's First-Time Homebuyer Report for Dmv

Dmv has one of the largest populations in San Bernardino with 7,466 residents. On top of being the seventh-most populated neighborhood, it also ranks first for growth with a 19.9% increase over the last 10 years. It should be noted that at 64.4%, most homes are being rented in Dmv. Topping the list of best schools in the neighborhood is Hillside Elementary School.

Price Range

Dmv has some of the more affordable homes in the city with a median home value of $114,386 and a current average list price of $216,196. The Dmv market is enjoying a budding upward trend, even as sales remained the same this week at seven homes over the last 30 days.

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

$219K   $215K   $199K  

Typical Dwelling

A three-bedroom detached home valued around $209,059 is considered a typical dwelling in Dmv. If a buyer was looking for a similar home, they would need good credit and a $41,812 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,083 and the property tax rate is $9.16 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

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Ask a local expert about this area:
RE/MAX MASTERS REALTY
julio Garcia Cruz Real Estate WKeller Williams Real Estate
Snapped 7 homes in this area
Ipro Real Estate
Snapped 5 homes in this area

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