Yellow Pages |   News Updates |   Events Calendar |   Movie Times | Recycling
Rocklin & Roseville Today Local Events

Roseville, Rocklin among California's Best Cities for Home Ownership


In a recent Nerd Wallet report, Rocklin, Folsom, and Roseville, rank 11th through 13th (respectively) among California's Best Cities for Homeownership.

Although California's economy has recovered from the recession, housing is a problem that persists.

The Golden State's housing shortage, coupled with stricter credit standards, has made homes in California among the most expensive in the nation. According to a 2014 report by the California Department of Housing and Community Development, 4 out of 5 of the least affordable U.S. metropolitan areas are in California. As well, the state has the largest share of households that pay more than 50 percent of their income toward housing costs.

Despite high housing costs, California remains a popular place to live with a 34-month population growth of 2.9%, compared with the national average of 2.4%. These conditions mean finding affordable housing in the state is more difficult than ever. NerdWallet, your trusted financial friend, crunched the data and found the top places in California for homeownership. Our analysis answered three main questions:

  1. Are homes available? We looked at an area's homeownership rate to determine the availability of homes. A low homeownership rate is likely a signal of competitive inventory, more options for renters rather than buyers and expensive housing. Areas with a high homeownership rate led to a higher overall score.
  2. Can you afford to live there? We looked at median household income, monthly homeowner costs and median home value to assess affordability and determine whether residents could live comfortably in the area. We used monthly homeowner costs to measure cost of living. Areas with high median incomes and low cost of living scored higher. Are you thinking about buying a home? Learn more about current mortgage rates and mortgage refinancing options in our mortgage guide, as well as whether it's best to rent or buy.
  3. Is the area growing? We measured population growth to ensure that the area is attracting new residents and showing signs of solid growth. This is likely a signal of a robust local economy, which is another attractive characteristic for homebuyers.

For more details on our methodology, please see the section at the end of the report.

Here's what the top places in California all had in common:

  • Californians are comfortable living in suburbs, with only three places in our top 10 located close (under 30 miles) to major cities.
  • Our top locations are all seeing rapid growth in population, and all 10 have seen population increases of at least 5% or more from 2010 to 2012.
  • Homeownership costs take up a large portion of Californians' income, with residents in none of our top 10 cities paying less than a third of their income toward housing costs (this amount is considered the standard of affordability by the Department of Housing and Urban Development).

California's Best Cities for Homeownership

The full report may be accessed at Nerd Wallet.

CHECK Out Rocklin & Roseville Today's Preferred Realtors


Follow on Facebook

Placer County News Headlines

Roseville and Rocklin Men among those Caught in StingDuring a two-day sting operation last week (October 19-20, 2016) in Folsom (Sacramento County), investigators from CSLB's Statewide Investigative Fraud Team (SWIFT) cited 35 people for various illegal contracting charges.

In Roseville: Creating an Ecosystem of EntrepreneurshipWhat do Roseville, Rocklin, Lincoln, Auburn, Foresthill, Loomis, Colfax, Kings Beach and Tahoe City all have in common?

Solutions sought in North Tahoe Affordable Housing CrisisKINGS BEACH, Calif. -- Placer County continues to work on ways to improve workforce housing in the North Lake Tahoe region.

Send Silence Packing hosted by Sierra CollegeRocklin, CA - Send Silence Packing is a nationally recognized traveling exhibition of 1,100 donated backpacks, representing the number of college students lost to suicide

Harvest Carnival for Deaf Children in RocklinROCKLIN, Calif., - William Jessup University's American Sign Language Program will host a free Harvest Carnival for all children learning or wanting to learn sign language

Over 500,000 Meals for Malnourished ChildrenROCKLIN - A local effort to pack meals for malnourished children around the world successfully packed 505,440 meals over a three-day period

2 Sporting Events Slated for RocklinRocklin, CA - William Jessup University (WJU) in Rocklin will host the 10th Annual Bill Holtz Warrior Classic on Nov. 4-5 and the Golden State Athletic Conference

Placer County Animal Services Center Now OpenAUBURN, Calif. -- Placer County's new Animal Services Center opened its doors to the public today in North Auburn. Now that all the animals have been relocated from their dated

Squaw Valley Ski Museum Foundation hires Executive Director(Olympic Valley, CA) - Squaw Valley Ski Museum Foundation (SVSMF) announces that Sandy Chio has joined the organization as Executive Director

Roseville Flash Police Report (10.24.16)Roseville, CA- Roseville police activity and summary report for the period covering October 12-21, 2016.

Subaru Outback features off-road capabilityRoseville, CA- It's considered a sport utility vehicle, but could easily be mistaken for a wagon. I'm guessing the folks at Subaru could care less how the 2017 Subaru Outback

Roseville Gas Price Competition Heats UpRoseville, CA- Gas prices in Roseville have eased slightly during the past week. Competition among the low price leaders has tightened

NEWS: In Case You Missed It