San Bernardino County Housing Market Report: October 2015
Median home price is $279,800 with a rental parity value of $423,800. This market’s discount is $144,000.
Monthly payment affordability has been worsening over the last 4 month(s). Momentum suggests worsening affordability.
Resale prices on a $/SF basis increased from $181/SF to $182/SF. Resale prices have been rising for 7 month(s).
Over the last 12 months, resale prices rose 6.7% indicating a longer term upward price trend.
Median rental rates increased $13 last month from $1,860 to $1,874. The current capitalization rate (rent/price) is 6.4%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 8