Compare Chico, CA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Chico.
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January 22, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Chico. Understand how much you need to earn to afford a home in Chico, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Chico fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Chico is right for you.
The median home value for Chico, CA (Butte County) is $400,554
Based on current mortgage rates and a 10% down payment, you need to make $65,629 per year to buy the median priced home in Chico
With this income, you could qualify for a $360,499 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Chico is $1,520
The median household income for Chico, CA (Butte County) is $67,623
Based on this income, you can afford a home valued at approximately $412,721
The home price you can afford to buy based on household income in Chico is 103% of the median home value which means housing prices are average. Chico (Butte County) ranks 24 out of 58 counties in California and 3,001 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Chico, CA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Chico (Butte County) below.
Conforming loan limits for Chico, CA
FHA loan limits for Chico, CA
VA loan limits for Chico, CA