October's First-Time Homebuyer Report for Culver City

With 38,883 residents, Culver City is a larger than average city in California. Also, with a 2.4% increase over the last 10 years, its population is growing faster than other parts of the state. Homes in Culver City are older than most with a median age of 51 years. Topping the list of best schools in the city is El Marino Elementary School.

Price Range

The median value of homes in Culver City is $561,800, making it one of the most valuable areas in California. At the same time, the average list price of available homes is presently $1,000,390. While home sales in the Culver City market have been above average, in this week's report they slid 17.0% to 39 homes sold over the last 30 days.

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

$389K   $1.1M   $1.3M  

Typical Dwelling

A three-bedroom detached home valued around $1,168,201 is considered a typical dwelling in Culver City. If a buyer was looking for a similar home, they would need good credit and a $233,640 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $3,993 and the property tax rate is $7.73 per $1,000 of taxable assessed value.

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

Data reported through 10/13/2016


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