January's First-Time Homebuyer Report for Murrieta

The population of Murrieta is affluent compared to others in California with a median income of $66,726 per household. It's also considered an average city in terms of affordability with a cost of living adjustment score of 121.9. With a median age of 12 years, homes in Murrieta tend to be relatively new. The top school in the city is Cole Canyon Elementary School.

Price Range

Home values in Murrieta are generally in line with others in the state with a median home value of $239,400 and an average list price of $419,247. In this week's report, the number of homes sold in the Murrieta market fell to 156 over the past 30 days. It marked a decrease of 14.8% from last week's report and a fall below the monthly average.

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

$524K   $349K   $275K  

Typical Dwelling

A four-bedroom detached home valued around $429,490 is considered a typical dwelling in Murrieta. If a buyer was looking for a similar home, they would need good credit and a $85,898 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,767 and the property tax rate is $9.19 per $1,000 of taxable assessed value.

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

Data reported through 1/12/2017


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