In the city of Fullerton, California, $641,700 is the median home value. The value of houses in Fullerton has increased 6.6 percent in the previous year. It has been forecasted that the value of houses will go up 7.6 percent in the following year.
In Fullerton, CA, the per square foot median list cost is $397. This is a lower amount than the metro area of Los Angeles-Long Beach-Anaheim has, which is $425 per square foot list cost median.
$665,000 is the presently listed house median cost in Fullerton. $609,300 is the house median cost of houses that have sold. Fullerton has $2,600 as it’s rent price median. The metro area of Los Angeles-Long Beach-Anaheim has a higher rent price median which is $3,150.
The rate of foreclosures for a location has an effect on the house value in that location. For a location, the lower the foreclosure rate, the higher the value of homes for that location.
For every 10,000 homes in Fullerton, California, there are 0.4 homes foreclosed on. The metro area of Los Angeles-Long Beach-Anaheim has a higher foreclosure rate of 0.9. The USA foreclosure rate is 1.6.
There is a first step that occurs in a foreclosure. It is called mortgage delinquency. A homeowner has a delinquent mortgage if one or more payments are not made on their mortgage.
Fullerton has a mortgage delinquency rate of 0.8 percent. The U.S. has a mortgage delinquency rate of 1.6 percent.
From the recession of 2008, the value of houses dropped nationally more than 20 percent. As a result, there are quite a few owners currently underwater regarding their mortgages.
Being underwater on a mortgage means that the house owner owes a greater amount of money on their mortgage than the house is valued.
5.3 percent of owners of houses in Fullerton are experiencing being underwater regarding their mortgage. The Los Angeles-Long Beach-Anaheim Metro Area has a higher underwater percentage of 5.6 percent.
In Fullerton CA, the median annual household income is $65,909.