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

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



roseville.jpg

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

 

Now on FB, thanks for the love!




Placer County News Headlines

Molly Ringwald at Rocklin's Quarry Park September 17thRocklin, Calif. - Golden Globe nominated actress and jazz musician Molly Ringwald descends into Rocklin's Quarry Park Amphitheater on Saturday, September 17

Roseville to Host Barbara Boxer FarewellRoseville, CA - The Placer County Democratic Party in partnership with the Nevada County Democratic Party and El Dorado County Democratic Party will be hosting a Fond Farewell

Roseville Skatetown to Host International Curling BonspielRoseville, CA - The Crush Bonspiel, which began in 2006, is back this Labor Day Weekend at Roseville's Skatetown Ice Arena after taking a one year hiatus.

County renews $10 Million Emergency Services ContractThe county board of supervisors OK'd a $10.6 million contract for fiscal year 2016-17. The contract will provide fire and emergency service for about 52,000 residents.

Roseville Flash Crime Report (8.24.16)The Roseville Police Department's latest activity and crime log digest update covering the period of August 12-21, 2016.

Sierra College Patrons Invite Public to MeetingRocklin, CA-- The Sierra College Patrons, a support group of the Sierra College Foundation, invites the public and those interested in becoming members of the organization

California Fires Update Summary (8.24.16)Over 10,000 firefighters are battling 8 large wildfires in California. Two new large fires were reported yesterday in Tulare and Alpine counties on National Forest land.

Napa's Uptown Theatre: On LocationNapa, CA- Band of Horses trekked into Napa's Uptown Theatre last night for a stop along their "Why Are You Ok Tour".

California Fires Update Summary (8.23.16)Last week firefighters across California battled nearly 250 new wildfires containing most to a small acreage. Since the beginning of the year there have been over 4,900 wildfires that have burned over 417,000 acres.

Nevada City Hosts Festive Celebration September 10-11NEVADA CITY, Calif. - The 50th Annual Nevada City Constitution Day Parade tops a full weekend of family fun Sept. 10-11 in this colorful Gold Rush town.

Humboldt Pilot Program to Track and Trace CannabisWith the state of California on the verge of approving the recreational use of marijuana in November, at least one company is ahead of the curve

Sierra College Supports Former Foster YouthRocklin, CA - As the school year begins, Sierra College is taking an extra step to ensure that one group of students gets off to a good start.


NEWS: In Case You Missed It