Search House.com Nationwide Housing Data by City and State. Get all the facts you need before you buy a home. Check the demographic info, median prices and over 30 other fields of Housing data from over 18,000 cities and towns across the U.S. First search by State and then find the city or town you want the information on. Find the right home at the right price by knowing all the neigborhood statistics from all the areas.
2. Do you have young children where the School district is very important to you. If so you should look into areas who have reputations for good schools. There are many online resources to look up school information.
3. Is your income secure. Do you see any problems with your job over the near or long term. If you are secure in your income you would look to buy so you can get the benefits of tax writeoffs available to those who own homes as well as building equity in your home thorugh your ongoing payments.
4. You can look at our census data for most of the zip codes in the United States. There you will find information on average house prices for that zip code as well as for the entire state. The information is also further broken down by detached units as well as for attached units.
5. How much House can I afford. Usually you can get a mortgage for up to 28% of your income per month. Some lenders will go up to 38% of your income which would also include your other debts such as credit cards and car payments.
6. How will my credit affect my payments and eligibility to get a mortgage. Generally your will need a credit score over 650 to qualify for most lender programs. Some lenders will go below that if you put more money down and or pay a higher interest rate. Today it makes more sense to put 20% down on a property as if you put less than 20% down you will have the mortgage insurance which has become quite pricey and really does not make any sense to pay unless you do not have any other choices.
7. House prices have gone up over the past year but are still below 2008 peaks in most areas. Loan rates are at some of the lowest interest rates ever and the combination of low rates and post bubble prices on houses have contribute to a robust real estate market.
8. Some areas in the west such as the Bay Area, Las Vegas and Phoenix have has double digit appreciation rates over the past year so in those markets you will find stiff competition for properties and multiple offers for good properties. The busiest months for buying a house is usually in the spring as most people want to be in the house before the new school year starts in September. To get the best deals you would want to do your home shopping in either the fall or the winter when there are less buyers out looking that are competing with you for the available properties.
9. The census data also includes average taxes paid by both detached and attached real estate units and gross average rents so if you are interested in investment property it will give you an idea of rental income and tax outlay payments for that zip code.
10. The census data give you information on median age of people living there so you would know if the area has a lot of families with children in comparision to other areas. There is also an average income and number of people living in the area with college degrees which will give you an idea of the zip codes affluence and educational status of its residents.