Alhambra – Homes for sale, Price, Listing, MLS, Real estate agent

What Are the Average Home Prices in Alhambra, California?

The average home prices in Alhambra typically range from $700,000 to $1,000,000 for single-family homes, according to local real estate data. These prices are influenced by factors like location, square footage, and proximity to amenities. Properties in zip code 91801, which covers much of central Alhambra, often see prices on the higher end due to their walkability and proximity to schools. Market analysts from Zillow report that property values in Alhambra have appreciated by roughly 5% annually over the past few years.

What Affects Home Prices in Alhambra?

• Square Footage. Larger homes command higher prices, with the average Alhambra home offering between 1,500 and 2,500 square feet.
• Neighborhood. Homes closer to amenities such as parks, schools, and shopping centers tend to fetch higher prices.
• Historic Homes. Certain properties, especially those with architectural significance, have higher price tags due to their preservation status.

How Do Property Taxes in Alhambra Impact Homebuyers?

Property taxes in Alhambra are determined based on the assessed value of a home, which generally corresponds to the purchase price. Homebuyers can expect to pay approximately 1.25% of their home’s value annually, contributing to local services like schools and infrastructure. Los Angeles County provides property tax estimates, which can affect long-term affordability for homeowners.

Are There Tax Incentives for First-Time Buyers? Yes, first-time homebuyer programs often include incentives such as reduced tax rates or credits, designed to make homeownership more accessible. These programs can be especially beneficial in higher-cost markets like Alhambra.

What Types of Homes Are for Sale in Alhambra?

The types of homes for sale in Alhambra include single-family homes, condominiums, and multi-family homes. While single-family homes are the most common, there has been an increase in the number of condominiums and townhomes due to growing demand for more affordable and low-maintenance housing.

What Are the Features of Single-Family Homes in Alhambra?

• Detached Properties. Homes with private outdoor spaces, typically ranging between 1,500 to 2,500 square feet.
• Architectural Styles. A mix of Spanish Revival, Mid-Century Modern, and Craftsman-style homes.
• Lot Size. Average lot sizes range from 5,000 to 10,000 square feet, with some homes offering space for Accessory Dwelling Units (ADUs).

Are Condos a Good Option in Alhambra? Condos are a great option for buyers seeking lower maintenance living with shared amenities like pools and fitness centers. Prices for condominiums in Alhambra typically range from $400,000 to $600,000, with monthly HOA fees.

What Is the Real Estate Market Like in Alhambra?

The real estate market in Alhambra is considered competitive, especially due to its location near Los Angeles and its relatively affordable housing compared to neighboring areas like Pasadena. Homes typically sell within 30-45 days of being listed, with multiple offers common on desirable properties.

How Does Alhambra’s Market Compare to Neighboring Cities? Compared to Pasadena and Glendale, Alhambra offers more affordable housing but with less historic prestige. However, its proximity to Downtown LA and access to major highways make it a popular choice for commuters.

What Are the Best Neighborhoods in Alhambra for Families?

The best neighborhoods for families in Alhambra include Emery Park, Fremont Avenue, and Alhambra Hills. These areas are known for their quiet streets, access to quality schools, and family-friendly amenities such as parks and playgrounds.

What Schools Are Available in Alhambra? The Alhambra Unified School District is well-regarded, offering a range of highly-rated public and private schools. Schools like Alhambra High School and Martha Baldwin Elementary School consistently rank well in academic performance.

Are There Historic Homes for Sale in Alhambra?

Yes, historic homes are a unique feature of Alhambra’s real estate market. The city is home to several Craftsman bungalows and Spanish Revival properties dating back to the early 20th century, many of which are protected by local preservation laws. These homes often come with a premium price due to their architectural significance and limited availability.

What Restrictions Apply to Historic Homes? Historic homes may be subject to preservation guidelines, limiting the types of renovations that can be done. Buyers interested in these properties should consult local preservation societies for guidelines.

How Does Walkability Affect Property Values in Alhambra?

Alhambra is known for its walkable neighborhoods, especially in areas like Main Street and Valley Boulevard. Properties within walking distance to restaurants, shops, and public transit typically see higher demand and therefore command higher prices.

What Are the Most Walkable Areas in Alhambra?

• Downtown Alhambra. Offers a high Walk Score due to the proximity of dining, shopping, and entertainment.
• Fremont Avenue. Known for its residential streets with easy access to parks and schools.

What Mortgage Options Are Available for Alhambra Homebuyers?

Homebuyers in Alhambra have access to a variety of mortgage options, including conventional loans, FHA loans, and VA loans. Given the average home price in Alhambra, many buyers utilize 30-year fixed-rate mortgages to ensure manageable monthly payments.

How Do Interest Rates Affect Buyers in Alhambra? Current interest rates for home loans in California range between 3.5% and 4.5%, with credit scores and down payments affecting the final rate. Buyers with excellent credit can often secure more favorable terms, reducing the overall cost of homeownership.

Is Alhambra a Good Place for Real Estate Investment?

Alhambra presents excellent opportunities for real estate investors, especially in multi-family properties and fixer-uppers. Investors benefit from the city’s rising property values and proximity to Los Angeles.

What Are the Best Investment Opportunities in Alhambra?

• Multi-family Homes. Properties offering rental income, such as duplexes and apartment buildings.
• Fixer-uppers. Homes needing renovation, available at a lower price but with the potential for significant resale value after improvements.

What Are the Foreclosure Rates in Alhambra?

Foreclosure rates in Alhambra are relatively low, making it a stable market for buyers and investors. However, foreclosure listings do occasionally appear, offering opportunities for below-market purchases.

How Can Buyers Find Foreclosure Listings? Buyers interested in foreclosure properties can check listings through platforms like Auction.com or consult with local real estate agents specializing in distressed properties.

This detailed guide covers the most crucial aspects of the Alhambra homes for sale market, providing insights on average home prices, types of homes, property taxes, and the overall market conditions. By understanding these factors, prospective buyers and investors can make informed decisions about purchasing property in this desirable California city.