January's First-Time Homebuyer Report for Redlands

Redlands is a larger than average city in California with 68,747 residents. Its population is also growing slightly slower than others at a 10-year growth rate of 8.2%. Keep in mind, most people in Redlands own their homes, with a 56.5% ownership ratio. Topping the list of best schools in the city is Mariposa Elementary School.

Culture

If you're looking to explore the nightlife of Redlands then check out Hangar 24 Craft Brewery, Foursquare's most popular place to get a drink. If you're looking to get a cup of coffee, a favorite is Augie's Coffee House. Lastly, Trader Joe's, Vons, and Olive Avenue Market are well-known places to shop.

Price Range

The housing prices of Redlands are close to the state average with a median home value of $243,500 and a current average list price of $464,058.

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

$3.2M   $7M   $825K  

Typical Dwelling

A three-bedroom detached home valued around $367,772 is considered a typical dwelling in Redlands. If a buyer was looking for a similar home, they would need good credit and a $73,554 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,718 and the property tax rate is $9.16 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

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