Ramona, California is a 38-square mile unincorporated community within San Diego County. It has a Mediterranean climate, and is recently known for grape wine production and horse breeding.
Community information website Neighborhoodscout.com says Ramona is classified as a middle-income community with ethnically diverse constituents.
“In terms of college education, Ramona is nearly on par with the US average for all cities of 21.84%: 18.49% of adults 25 and older in Ramona have a bachelor’s degree or advanced degree. The per capita income in Ramona in 2010 was $26,739, which is middle income relative to California, and upper middle income relative to the rest of the US.”
Check out the whole overview here.
Houses in Ramona
Ramonaguide.com also shared an overview of the real estate market in the area. In that article they mentioned that investing in a property in Ramona is a good decision to undertake given the current activity of the housing market.
“As inventory increases, we typically see longer market times — currently from 26 days in April to 31 days in May. The median sales price in April was $539,000, and as of the end of May, sits at $565,000. Price per square foot was flat, which would lead you to believe that the majority of homes being sold have a larger footprint.”
Check out the rest of the article here.
Property Report Ramona
Neighborhood ratings website areavibes.com meanwhile shared data on how affordable homes and real properties are within Ramona, CA. In that report they mentioned that recent public data reveals that homes in Ramona are five percent more affordable compared to those within the state of California.
“The median home price in Ramona, CA is $387,900 and the median household income is $66,523. This results in a home price to income ratio of 5.8x, which is 9% lower than the California average. The home affordability ratio is calculated by dividing the median home price by the median home income.”
The rest of the explanation can be read here.
Buying a property in Ramona can be a good decision given the affordable rates of housing units and investment properties in the area.