When most people think of California, they think of beautiful beaches, sunshine, Hollywood, glamor, freeways, and often high home prices. While there are many pricy zip codes in California, there are also pockets of affordability in Northern and Southern California.

 

From KTLA, Here are the most expensive zip codes in California:

  1. Atherton (94027) Typical home value in 2023: $7.36 million

  2. Beverly Hills (90210) : Typical home value in 2023: $5.11 million

  3. Los Altos Hills (94022): Typical home value in 2023: $4.26 million

  4. Santa Monica (90402) : Typical home value in 2023: $4.17 million

  5. Montecito (93108) : Typical home value in 2023: $3.94 million

  6. Rancho Santa Fe (92067) : Typical home value in 2023: $3.9 million

  7. Newport Beach (92657): Typical home value in 2023: $3.86 million

     

It shouldn’t be a surprise that beachfront areas like Santa Monica, Montecito, and Newport Beach command high sales prices. But what about the median income earners, first time home buyers, and budget buyers in California?

Compared to those 7 pricey cities, here are 5 more affordable alternatives:

Santa Clarita: Average home price $753,130

Barstow: Average home price: $253,617

Clearlake: Average home price: $221,967

Crescent City: Average home price: $346,556

Riverside: Average home price: $584,915

 

Riverside and San Bernardino County have long been popular alternatives to Los Angeles and Orange County for home buyers who don’t want the entry level 3 bedroom, 2 bathroom house to be $1 million.

 Any real estate decision is full of trade offs. Although KALEOs business perspective is built on an “everybody wins” mindset where we want our clients to feel like they got the best outcome, we know that you have to weigh tradeoffs.

Do you want a bigger home outside the city center, or a smaller house with a shorter commute?

Do you want to save up for your forever home, or start with a starter home and transition in a few years?

Is time of the essence or can you wait to see what other offers come around?

Whether you are thinking of buying a house for your kids, investing in a duplex, or selling the family home, there is lots to talk through with timelines and possibilities.

 

With many schools letting out, it is the prime opportunity to start your home buying or selling process. First step – Email KALEO Real Estate and set up a time to meet in person!

Source: https://ktla.com/news/california/study-six-california-cities-where-prospective-home-buyers-can-purchase-a-home/  

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.