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Rail Road Flat

Learn about the people, housing, costs and businesses in Rail Road Flat, California

Median Home$319,100
Median Rent$1,231/month
Population358
Leading IndustriesInformation & Media · Finance & Insurance · Retail11% information & media
Home Value Growth⬆⬆+13.4% over 2 years
Retirees21% of residentsnear the national average
Homeowners84% of occupied units
NotableTransit83/100 · excellent transit access
Rail Road Flat
CA

Frequently Asked Questions

What are today's mortgage rates in Rail Road Flat?

As of today, the 30-year fixed mortgage rate for Rail Road Flat is approximately 6.993% (7.036% 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 Rail Road Flat?

The median home value in Rail Road Flat is $319k. The median monthly rent is $1,231. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rail Road Flat?

Home values in Rail Road Flat have increased 13.4% 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 Rail Road Flat?

Based on a typical all-in ownership cost of $1,038/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rail Road Flat is $71k/year.

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What industries drive the economy in Rail Road Flat?

The largest employment sectors in Rail Road Flat are public administration (26%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.