Quick facts: Diamond springs, CA

Quick Facts

127.6
Cost of Living
above US average
12,197
Population
9.84
Crime Rate per 1000
below US average
$71,279
Median Income
below US average
$250,000
Median House Price
above US average
$2545.0
Average Rent
above US average
11%
Poverty Rate
above US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $71,279.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $250,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $71,279
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Income Needed to Rent

⚠ Stretch
$109k/year
Based on $2545.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $109k vs median $71,279
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Diamond springs, CA

Diamond Springs is a charming census-designated community located in El Dorado County, California. Nestled in the scenic Sierra Nevada foothills, it offers a picturesque blend of natural beauty and historical significance. With its origins dating back to the gold rush era of the mid-19th century, the area has a rich history that is evident in its well-preserved architecture and local sites. The community is characterized by its small-town atmosphere and friendly residents. It's a great spot for outdoor enthusiasts, with nearby hiking trails, lakes, and opportunities for camping and fishing. The historic downtown area features quaint shops, restaurants, and local businesses that contribute to its inviting charm. Diamond Springs is conveniently situated near the larger city of Placerville, offering residents access to additional amenities and services while still maintaining its own unique identity. The backdrop of the surrounding mountains and forests makes it an appealing destination for those looking to experience the serenity of rural California. Overall, Diamond Springs is a wonderful place to explore history and enjoy the great outdoors.

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