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Val Verde

Learn about the people, housing, costs and businesses in Val Verde, California

Median Home$509,132
Median Rent$2,249/month
Population92,180
Leading IndustriesFinance & Insurance · Information & Media · Wholesale Trade11% finance & insurance
Home Value Growth⬆⬆⬆+21.8% over 2 years
Young Adults36% of residentstop 3% nationally
Homeowners76% of occupied units
NotableHigh Incomes$102k/year · top 13% nationally
Val Verde
CA

Frequently Asked Questions

What are today's mortgage rates in Val Verde?

As of today, the 30-year fixed mortgage rate for Val Verde is approximately 6.839% (6.873% 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 Val Verde?

The median home value in Val Verde is $509k. The median monthly rent is $2,249. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Val Verde?

Home values in Val Verde have increased 21.8% 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 Val Verde?

Based on a typical all-in ownership cost of $2,023/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $87k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Val Verde is $102k/year.

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What industries drive the economy in Val Verde?

The largest employment sectors in Val Verde are public administration (18%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.