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Contra Costa Centre Real Estate Market Facts

  • $506,500Median home price
    24% higher than California
  • $1,697Median rent asked
    31% higher than California
  • 21.2%Home owners
    61% lower than California
  • 1.7People per home
    41% lower than California
Above is a snapshot look at the real estate market in Contra Costa Centre, CA. In Contra Costa Centre, CA, the median house price is $506,500, making the price 24% higher than that the average for California. Therefore, the affordability of Contra Costa Centre, CA area real estate is less affordable than the real estate in other areas of California. In addition, Contra Costa Centre, CA has a median rent price of $1,697; this price is 31% higher than that the average rental price for California. 21.2% of residents in Contra Costa Centre, CA are homeowners, and the average amount of people who reside in each home is 1.7. Contra Costa Centre, CA has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Contra Costa Centre, CA real estate for sale.

Contra Costa Centre Home Affordability

  • $506,500Median home price
    24% higher than California
  • $92,906Median home income
    46% higher than California
  • 5.5xHome price to income ratio
    15% lower than California
When looking for real estate in Contra Costa Centre, CA, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Contra Costa Centre, CA, the median price of a home is $506,500 and $92,906 is the median household income. This means that the home price to income ratio is 5.5x, a ratio that is 15% lower than the average in California. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Contra Costa Centre, CA will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Contra Costa Centre, CA.

Contra Costa Centre Affordability Calculator

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Before beginning your real estate search in Contra Costa Centre, CA, you can target your search for the perfect home with the help of the home affordability calculator. Using the home affordability calculator you can figure out exactly how much you can spend on your new home in Contra Costa Centre, CA. The home affordability calculator takes into account your gross income, debts, and the amount of the down payment that you have available to put towards your new home. The calculator even allows you to calculate financial details like length of mortgage term, mortgage rate, property taxes, and HOA dues to determine your budget. With such a detailed and customized estimate of what homes you can afford in Contra Costa Centre, CA, this can prevent you from making an emotional investment in a home that is out of your price range. The home affordability calculator gives you the opportunity to accurately plan your total budget for housing, living expenses, and how much money you will have left to put aside for savings.

Contra Costa Centre Mortgage Calculator

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If I buy real estate in Contra Costa Centre, CA, how much will I have to pay per month? A number of factors can affect the size of monthly payments involved in a home purchase. Naturally, the cost of the home is the main factor. Beyond the price, however, you will also have to look at the loan term, down payment, interest rate, home insurance and property taxes as well as HOA dues and PMI, or private mortgage insurance. Of course, for homeowners who can put at least 20 percent on a down payment, PMI payments would not exist. Details like these are presets in the mortgage calculator, and adjustments can be made to ensure the accuracy of monthly payment estimates. Just remember that the DTI, or debt-to-income ratio, should generally be kept at or below 36 percent. In other words, you are paying 36 percent or less of your monthly income towards all of your debts.

Contra Costa Centre Demographics

  • 6,190Population
  • 9,725People / sq mile
  • 35.0Median age
  • 1.0:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
North Gate, CA465$0100%
Port Costa, CA228$0100%
Pacheco, CA4,059$0100%
Montalvin Manor, CA3,174$172,3007%
Bay Point, CA23,131$193,0004%
Contra Costa Centre, CA6,190$506,500174%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Mims, FL6,190$102,90044%
Boonville, IN6,186$86,40053%
Oelwein, IA6,195$67,30064%
Covedale, OH6,195$155,10016%
Darlington, SC6,185$86,00053%
Contra Costa Centre, CA6,190$506,500174%
Source: The Contra Costa Centre, CA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).