San Bernardino County Housing Market Report: September 2015
Median home price is $278,600 with a rental parity value of $416,100. This market’s discount is $137,500.
Monthly payment affordability has been worsening over the last 3 month(s). Momentum suggests worsening affordability.
Resale prices on a $/SF basis increased from $179/SF to $181/SF. Resale prices have been rising for 6 month(s).
Over the last 12 months, resale prices rose 6.8% indicating a longer term upward price trend.
Median rental rates increased $25 last month from $1,845 to $1,870. 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