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Cheap Homes in Downey, CA 90240

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Downey, CA Foreclosures

How much do homes sell for in Downey, CA?
The average home price is currently $1,027,533.
What’s the average rental cost in Downey, CA?
The average rental price in Downey is $2,457.
What is the most expensive home in Downey?
The most expensive home sold in Downey had a price of $109,044,000.
What is currently the cheapest priced home in Downey, CA?
The cheapest home for sale in Downey is priced at $47,906.

Living in Downey, CA

Downey, located in Los Angeles County, California, is a city known for its rich history and vibrant community. The city offers a blend of suburban charm and urban convenience, making it an attractive option for families and professionals alike. With its excellent schools, parks, and dining options, Downey is a great place to call home.

Current Market Conditions in Downey, CA

The real estate market in Downey has been showing signs of steady growth, with increasing demand for housing due to the city's desirable location and amenities. The median home prices have seen a rise, and the competition among buyers has intensified, especially for single-family homes. The influx of new residents, coupled with the city's efforts to improve infrastructure and community amenities, has made Downey an appealing market for both investors and homebuyers alike.

Recently, new developments and commercial projects within the area have added to the appeal of Downey, contributing to a more vibrant community atmosphere and increasing property values.

Home Value Estimator For Downey, CA

There are currently 22,140 real estate properties in Downey, CA, with a median automated valuation model (AVM) price of $866,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Downey, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Downey, CA, is $1,027,533.00, with the most expensive house in Downey, CA, topping out at $109,044,000.00 and the cheapest home in Downey, CA, clocking in at $47,906.00. In other words, there’s something for every potential homebuyer or savvy investor in Downey, CA!

Rent Prices In Downey, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Downey, CA, is on a rollercoaster ride. The average rent price in Downey, CA, is $2,457.00. Indeed, when looking to rent in Downey, CA, you can expect to pay as little as $1,050.00 or as much as $4,660.00, with the average rent median estimated to be $2,470.00. The good news is that finding an affordable and desirable property to rent in Downey, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Downey, CA 90240


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