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Morada

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

Median Home$586,962
Median Rent$1,812/month
Population3,301
Leading IndustriesFinance & Insurance · Information & Media · Construction9% finance & insurance
Home Value Growth⬆⬆+20.8% over 2 years
Retirees22% of residentsnear the national average
Homeowners90% of occupied units
NotableHigh Incomes$92k/year · top 23% nationally
Morada
CA

Frequently Asked Questions

What are today's mortgage rates in Morada?

As of today, the 30-year fixed mortgage rate for Morada is approximately 6.863% (6.898% 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 Morada?

The median home value in Morada is $587k. The median monthly rent is $1,812. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morada?

Home values in Morada have increased 20.8% over the past two years. This indicates a strong appreciation trend. 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 Morada?

Based on a typical all-in ownership cost of $1,533/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morada is $92k/year.

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What industries drive the economy in Morada?

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