30 Year Fixed
- 5.02 %
15 Year Fixed
- 4.49 %
1-Year ARM
- 3.93 %
5/1 ARM
- 4.19 %
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Guide to California Mortgages

California

California is located on the West Coast of the United States along the Pacific Ocean and is famous for being the Mecca for the movie industry in Hollywood. It boasts an incredibly diverse climate and geography, as well as a diverse population. Its climate can vary from Mediterranean to subarctic with winters being cool and rainy and summers being dry. Further inland though you might find the winters colder and the summers much warmer.  

The state’s total population is around 36,553,215 which make it the most populated state in the nation. Its demographics are as follows; 58.9% White American; 35.9% Latino American; 12.3% Asian American; 6.2% African American; 3.3% Mixed and 0.7% American Indian. The gross state product for California is the largest in the nation and is estimated at $1.812 trillion dollars while the per capita personal income is estimated at $38,956. The state income tax is a 9.3% variable rate with a 7.25% to 8.75% local sales tax.  

The state is divided into 58 total counties. Some of California’s coastal cities are the wealthiest per capita in the United States and the High technology sectors found in areas like Silicon Valley, Santa Clara and San Mateo are thriving. 68% of California’s population lives within the three largest metropolitan areas, these are; Greater Los Angeles, the San Francisco Bay area and the Riverside-San Bernardino area.

 

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California Housing Statistics
CaliforniaUSA
Total Housing12,214,549121,699,874
Total Urban11,387,88794,464,240
Total Rural826,66227,235,633
Occupied11,502,870110,754,106
Vacant711,67910,945,767
Owner Occupied6,546,33473,306,541
Renter Occupied4,956,53637,447,565
Vacant for Rent190,3212,745,385
Vacant for Sale92,1971,264,534
 
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