Poway, CA Home Prices & Values $614,100 Zillow Home Value Index 14.4% 1-year change 7.3% 1-year forecast Jun 2013 Jul 2014 Jun 2015 Market Temperature: ****Neutral**** Buyers Market and Sellers Market The median home value in Poway is $614,100. Poway home values have gone up 14.4% over the past year and Zillow predicts they will rise 7.3% within the next year. The median list price per square foot in Poway is $319, which is higher than the San Diego Metro average of $298. The median price of homes currently listed in Poway is $679,000 while the median price of homes that sold is $609,150. The median rent price in Poway is $2,150, which is higher than the San Diego Metro median of $2,095. Foreclosures will be a factor impacting home values in the next several years. In Poway 1.2 homes are foreclosed (per 10,000). This is lower than the San Diego Metro value of 1.9 and also lower than the national value of 4.3 Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Poway is 3.7%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Poway homeowners underwater on their mortgage is 6.6%, which is lower than San Diego Metro at 12.6%. Poway Demographics: For Sale (251) Recently Sold (1783) Poway People Data: Poway..... National Median Household Income: $71,708 $44,512 Single Males: 13.0% 14.6% Single Females: 10.2% 12.5% Median Age: 34 36 Homes With Kids: 44.7% 31.4% Average Household Size: 3.1 2.6 Average Commute Time (Minutes): 27 26 Who Lives Here? The main types of people are: People who live in this neighborhood Urban Power Families—High-income couples with children. Six-figure salaried couples with children who live an upscale life in a metro center. Highly educated professionals working in finance, medical, and high-tech fields. Power Singles—High-income urban singles. Highly educated professionals, many with advanced degrees. They draw a handsome salary and have reasonable living expenses while living a hip, upscale life in an urban center. Multi-lingual Suburbanites—Middle-class, suburban individuals who speak a foreign language. Age ranges from 30s to 60s. Some own their homes. Education varies from high school to college, with some earning graduate school degrees.
Posted on: Fri, 08 Aug 2014 00:38:20 +0000