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East Hemet

Learn about the people, housing, costs and businesses in East Hemet, California

Median Home$420,022
Median Rent$1,771/month
Population19,387
Leading IndustriesWholesale Trade · Information & Media · Manufacturing13% wholesale trade
Home Value Growth+9.3% over 2 years
Family-Friendly28% of residentswell above average
Homeowners67% of occupied units
East Hemet
CA

Frequently Asked Questions

What are today's mortgage rates in East Hemet?

As of today, the 30-year fixed mortgage rate for East Hemet is approximately 6.895% (6.931% 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 East Hemet?

The median home value in East Hemet is $420k. The median monthly rent is $1,771. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in East Hemet?

Home values in East Hemet have increased 9.3% over the past two years. This represents moderate growth. 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 East Hemet?

Based on a typical all-in ownership cost of $1,740/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $75k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in East Hemet is $75k/year.

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What industries drive the economy in East Hemet?

The largest employment sectors in East Hemet are public administration (21%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.