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Both communities in the Riverside-San Bernardino metropolitan area saw home values dip about 17% in the last year. Trona’s heyday was in the early 1900s, when it was a company town, established in 1914 and operated by the American Trona Corp. Early on, a central building housed many workers and all the town’s businesses, including a “pool hall, a barber shop, post office, library, grocery and department store,” according to the Searles Valley Historical Society. For the last 30 years, Ann Epperly has lived in Trona, one of only nine California cities, towns and unincorporated areas tracked by Zillow with median home values under $150,000 in February 2024.
Browse Homes for Sale by city in California
California is home to 210 cities, towns and communities monitored by Zillow where the median home values are more than $1 million. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.Data powered by Attom Data Solutions. All measurements and all calculations of area are approximate.
Blackstone to Sell $1.6 Billion of Student Housing to KKR
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Originally built in the 1990s as the “biggest home on the block with no expense spared,” per marketing materials, the stone and slate-roof structure has been extensively renovated during the past two years. Featured are six bedrooms and seven bathrooms in nearly 9,000 square feet of two-level living space adorned throughout with French oak floors, stone fireplaces imported from London, and high-end fixtures by Rose Uniacke, and Roman and Williams. French doors also provide seamless indoor/outdoor environs.
Located less than four hours from Las Vegas and an hour from Death Valley, Trona offers a desert lifestyle with home prices that can’t be beat in California. More recently, Searles Valley, which includes Trona, saw its population fall 15% between 2010 and 2022, according to census data. “It’s gone downhill, but it seems to be coming back a bit,” Epperly, 80, said of the once-bustling town, built on the mining and production of borax, a potent cleaner, flame retardant and component in glass products like car windshields.
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Nearby is the former estate of the late Monkees singer/songwriter Michael Nesmith, which recently sold after a swift 17 days on the market for $3.2 million. Blackstone Inc. agreed to sell a student-housing portfolio to KKR & Co. for $1.64 billion. "This is definitely the exact kind of house where you would dream," Gambino said in an interview with USA TODAY. "It's a very special house where people immediately get, you know, emotionally connected when they're there."
Trona, a “desolate area that was very much thriving back in the ’50s and ’60s,” was littered with abandoned homes after plants closed decades ago, said Berri, 49. Now, “people are fixing them up and making the community better,” he said. Herlong, located along the border with Nevada, 90 miles north of Lake Tahoe, is another town with a low median home value. It’s an army town named after a World War II-era captain and home to a military storage facility. Like so many California real estate deals, you have to journey off the beaten path, make compromises and have some imagination. But if you look hard enough, there are still a handful of cities where the median price of a home is less than $150,000.
Folsom: 'Margaritaville' house goes on sale. It costs $879000 abc10.com - ABC10.com KXTV
Folsom: 'Margaritaville' house goes on sale. It costs $879000 abc10.com.
Posted: Fri, 23 Feb 2024 08:00:00 GMT [source]
Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Listing information is being provided by the BAREIS Inc., MLS. Some of the state’s lowest median home values — as low as $114,000 —are located near the Oregon border, in the towns of Dorris, Macdoel and Tulelake.
These affordable communities are far-flung and a long drive from the bustle of the city. But locals say the bargain prices and charms make the trade-offs worth it. Nestled amid rolling hills and world-class wineries, homes in Central California’s affluent Carmel Valley enclave have long drawn Hollywood stars and industry tycoons ranging from Doris Day and Merv Griffin to Apple co-founder and former CEO Mike Markkula. One particular spot, just east of scenic Highway 1, also holds the 392-acre Holman Ranch where the likes of Charlie Chaplin, Theda Bara, Marlon Brando and Clark Gable once went to escape.
The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc. As residents across urban California have decamped for more space and affordability in the exurbs, small towns statewide have grown in popularity. Sonney Berri, a real estate agent in Trona, has seen an uptick in prices since the COVID-19 pandemic, a trend he attributes to homeowners who previously lived close to city centers and sold their homes to buy properties in this unincorporated community in San Bernardino County. These towns represent islands of affordability in a state where the median home price is $789,000.
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A gourmet kitchen sporting top-tier La Cornue and Miele appliances connects to a breakfast nook and spacious family room warmed by a fireplace, and a bookshelf-lined library/office has a stone fireplace and discreet wet bar. Sited on a bucolic parcel of land spanning well over 3 acres, just minutes away from Carmel-by-the-Sea, the residence is tucked away behind gates and a 300-foot stone wall crafted by Masons from Ireland, and fronted by a circular driveway that passes through a porte-cochère before emptying out at a four-car garage. Once inside, a double-height foyer displaying herringbone-style floors and a curving staircase flows to a fireside living room topped by a soaring vermilion-hued ceiling and formal dining room flaunting a hand-painted mural. By providing your information, you agree to our Terms of Use and our Privacy Policy.
“When you’re in the city, you’re usually cramped, you’re paying high costs,” he said. Aside from an influx of new residents, Epperly said the town’s revival could use some help. In the Searles Valley, the median household income was $54,000 in 2022, well below the statewide average of $92,000, according to census data. The poverty rate, however, was nearly 20%, far exceeding California’s 12% overall rate.
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