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Ballico

Learn about the people, housing, costs and businesses in Ballico, California

Median Home$617,400
Median Rent$1,202/month
Population342
Leading IndustriesInformation & Media · Finance & Insurance · Transportation12% information & media
Home Value Growth+1.6% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners52% of occupied units
NotableTransit83/100 · excellent transit access
NotableHigh Incomes$91k/year · top 23% nationally
Ballico
CA

Frequently Asked Questions

What are today's mortgage rates in Ballico?

As of today, the 30-year fixed mortgage rate for Ballico is approximately 6.869% (6.904% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Ballico?

The median home value in Ballico is $617k. The median monthly rent is $1,202. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ballico?

Home values in Ballico have increased 1.6% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Ballico?

Based on a typical all-in ownership cost of $1,317/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $56k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ballico is $91k/year.

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What industries drive the economy in Ballico?

The largest employment sectors in Ballico are public administration (23%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.