Temecula California Pros and Cons in 2021
In this blog post and video we will discuss what we feel are the most significant Pros and Cons for Temecula, California in 2021. If you plan on moving to the area, this blog post and video are for you. At the end of the blog post, we have a free home search so you can get a good feeling for the price of homes in this area. Depending on where you live in America, home prices in Temecula can either via huge Pro, or a massive con. Let’s get into it.
Home Prices (Both Pro & Con)
I thought I would start off by talking about The housing market as this can be either a pro or con, depending on where you are coming from in the United States.
For some of you, Temecula home prices are going to be a huge Pro! Others? Not so much. At this moment, writing this article, a family of four with a 2300 square foot home can expect to pay anywhere from 520,000 to 600,000. Of course, there are many variables. If you want to pool, it’s going to be more. If you want land, it’s going to be more. Generally speaking, in a tract home, after putting 20% down expect to have a payment of around $2,800 a month, give or take a few hundred.
For many people relocating from the East Coast or other parts of Southern California, Temecula is it steal. For the amenities, weather, schools Etc, this is an unbelievable value when you put it into perspective. Many of these people in these areas looking to relocate also have the luxury of selling their residence and coming away with hundreds of thousands of dollars, sometimes even millions.
There are also many areas of the country where home prices average anywhere from $150,000 to $300,000. Temecula Market, in 2021 will actually be a massive sticker shock.
For people looking to relocate, there are options if you are worried about whether or not you will like the area. You can start off by renting something small, a one or two bedroom condo will run around 15 to $1,800 a month. The issue right now, with interest rates being 3% you can basically buy something and have a smaller payment then renting. That’s why the Housing industry in many parts of the country is going absolutely bonkers.