Quick facts: Hilmar, CA

Quick Facts

127.6
Cost of Living
above US average
11,136
Population
2.24
Crime Rate per 1000
below US average
$71,753
Median Income
below US average
$495,000
Median House Price
above US average
$1650.0
Average Rent
above US average
15%
Poverty Rate
above US average
4.5%
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 $71,753.

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Income Needed to Buy

βœ— Stretch
$155k/year
Based on $495,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $155k vs median $71,753
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Income Needed to Rent

βœ“ Affordable
$71k/year
Based on $1650.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($71,753) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hilmar, CA

Hilmar is a small, unincorporated community located in Merced County, California. Nestled in the heart of California's Central Valley, Hilmar is primarily known for its agricultural roots, particularly dairy farming. The community was founded in the early 1900s and has maintained a rural charm while supporting local farming operations. Hilmar is characterized by its family-friendly atmosphere, with various local events and a close-knit community. It has a small-town vibe, with essential amenities including schools, shops, and restaurants catering to residents and visitors alike. The town's population is modest, contributing to a sense of belonging among its residents. The region surrounding Hilmar boasts beautiful farmland, making it ideal for outdoor activities like cycling and walking. Additionally, its central location offers convenient access to larger nearby cities such as Merced and Turlock, where more extensive shopping and entertainment options are available. Ultimately, Hilmar represents the quintessential California agriculture community, perfect for those seeking a slower pace of life amidst picturesque rural landscapes.

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