January's First-Time Homebuyer Report for Emerald Lake Hills

Emerald Lake Hills has a cost of living adjustment score of 289.1, which is very expensive when compared to others in California. Also, the area is considered very affluent with a median income of $139,742 per household. Emerald Lake Hills is made up of homes that are relatively old with a median of 38 years. The best school in the city is Aspire East Palo Alto Phoenix Academy.

Price Range

Emerald Lake Hills has some of the more expensive homes in the state with a median home value of $1,130,700 and a current average list price of $1,746,618. In this week's report, the number of homes sold in the Emerald Lake Hills market sank to two over the past 30 days. It marked a decrease of 60.0% from last week's report and a fall below the monthly average.

Out of all the listings in Emerald Lake Hills, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$1.9M  

Typical Dwelling

The typical dwelling in Emerald Lake Hills is a three-bedroom detached home worth about $1,591,172. To purchase a similar home, a buyer with good credit and a $318,234 cash down payment could obtain a mortgage with a 3.95% interest rate and a $10,729 monthly payment. The property tax rate is $5.34 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

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Better Homes and Gardens Real Estate J.F. Finnegan
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Keller Williams
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