According to statistics, the population in Hemet, CA amounts to 83,604, which shows growth 1% compared to the previous year. The median age of the city’s residents is 38. The average household income is $37,171, shifting growth 4% from the past year, and the average property value in Hemet, CA growth 13% to $157,500 throughout the year.
|Number Of Employees||26,125|
|Median Property Value||$157,500|
The average household income in Hemet, CA grew from $35,609 to $37,171 in the past year. This data is an estimate based upon 29,726 households in Hemet, CA . The chart below presents how household income is distributed in Hemet, CA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Hemet, CA shifted from $139,400 to $157,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Hemet, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Hemet, CA properties falls in the '$200,000 to $249,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Hemet, CA compared to median property taxes around the country. The prevalent amount of property taxes in Hemet, CA equals $800, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$130,087||-6%|
|1 bed for sale||$60,360||-63.1%|
|2 bed for sale||$273,515||-2.6%|
|3 bed for sale||$418,091||-10%|
|4+ bed for sale||$486,526||-1.5%|
During Jul 2022, the average price for an apartment in/near Hemet, CA decreased by 2.7% to $362,967.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 63.1% to $60,360. Asking price for 2-bed apartment also decreased by 2.6% and a place of this size will now cost you $273,515. A 3-bed apartment goes for $418,091, it decreased by 10% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 1.5% and made it down to $486,526.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$383,745||-8.7%|
|Land for sale||$329,831||+98.7%|
|Condos for sale||$304,750||+20.2%|
|Other for sale||$119,000||N/A|
|Duplexes for sale||$850,000||N/A|
|Apartments for sale||$108,766||-13%|
|Townhouses for sale||$449,900||+67.2%|
The average cost of an apartment in Hemet, CA decreased by 13% to $108,766. Price reports demonstrate that house price decreased by 8.7% this month making it up to $383,745. Condos are really in demand in this season. The median price for a condo increased by 20.2%, it’s now available for $304,750. An average value of duplex is $850,000, thus a median price for a duplex remains the same this month. The property value of townhouses increased by 67.2%, you’ll have to spend around $449,900 to get one.