Housing in Hemet, CA is a great investment for potential buyers. The median value of housing in Hemet is $396,200, which is significantly higher than the US house median value of $338,100. Additionally, the one year house appreciation rate in Hemet is 9.15%, which is higher than the national average of 8.27%. This demonstrates that Hemet’s housing market has good stability and growth in comparison to other areas across the country. Therefore, investing in property in Hemet may be an excellent opportunity for potential buyers looking to make a long-term real estate investment.
The median home cost in Hemet is $396,200. Home appreciation the last 10 years has been 193.0%. Home Appreciation in Hemet is up 17.4%.
Average Age of Homes
- The median age of Hemet real estate is 34 years old
The Rental Market in Hemet
- Renters make up 36.5% of the Hemet population
- 1.7% of houses and apartments in Hemet, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.