Compare El Centro, 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 El Centro.
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December 1, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in El Centro. Understand how much you need to earn to afford a home in El Centro, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in El Centro 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 El Centro is right for you.
The median home value for El Centro, CA (Imperial County) is $288,148
Based on current mortgage rates and a 10% down payment, you need to make $47,212 per year to buy the median priced home in El Centro
With this income, you could qualify for a $259,333 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 El Centro is $1,093
The median household income for El Centro, CA (Imperial County) is $52,392
Based on this income, you can afford a home valued at approximately $319,764
The home price you can afford to buy based on household income in El Centro is 111% of the median home value which means housing prices are average. El Centro (Imperial County) ranks 18 out of 58 counties in California and 2,958 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in El Centro, CA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for El Centro (Imperial County) below.
Conforming loan limits for El Centro, CA
FHA loan limits for El Centro, CA
VA loan limits for El Centro, CA