Commerce First-Time Homebuyer Report for January

The population of Commerce is less affluent than average compared to others in California with a median income of $40,846 per household. It's also considered an average city in terms of affordability with a cost of living adjustment score of 122.1. The three zip codes with the largest populations are 90022, 90023, and 90040. Commerce is made up of homes that are considered older than most with a median of 47 years. Topping the list of best schools in the city is Bandini Elementary School.

Culture

According to Foursquare, Arena Sports Bar is the most popular spot to grab a drink in Commerce. You might also try Starbucks, a popular place to get a cup of coffee. And finally, Citadel Outlets, Nike Factory Store, and Costco Business Center are frequently visited places to shop.

Price Range

The housing prices of Commerce are close to the state average with a median home value of $241,600 and a current average list price of $397,535. The Commerce market saw sales remain flat this week with four homes sold over the last 30 days, while new listings shot up to seven.

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

$395K   $424K   $399K  

Typical Dwelling

A three-bedroom detached home valued around $390,566 is considered a typical dwelling in Commerce. If a buyer was looking for a similar home, they would need good credit and a $78,113 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,323 and the property tax rate is $7.73 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

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