Quick facts: Kerman, CA

Quick Facts

127.6
Cost of Living
above US average
16,208
Population
20.42
Crime Rate per 1000
below US average
$53,956
Median Income
below US average
$413,950
Median House Price
above US average
$2200.0
Average Rent
above US average
12%
Poverty Rate
above US average
5.5%
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 $53,956.

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Income Needed to Buy

βœ— Stretch
$130k/year
Based on $413,950 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $130k vs median $53,956
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Income Needed to Rent

⚠ Stretch
$94k/year
Based on $2200.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $94k vs median $53,956
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Kerman, CA

Kerman is a small city located in Fresno County, California, with a rich agricultural history and a close-knit community. Founded in the early 1900s, Kerman has grown from a humble farming community into a vibrant city, with a population of around 15,000 residents. The city is primarily known for its agricultural production, particularly in crops like almonds, grapes, and various vegetables. Kerman features several parks and recreational areas, providing residents with spaces for outdoor activities and community events. One of the highlights is the Kerman Community Center, which offers various programs and activities for families and individuals. The city hosts a number of annual events, including the Kerman Cherry Festival, which celebrates local culture and agriculture. Strategically positioned near major highways, Kerman provides convenient access to larger cities such as Fresno, which is about 15 miles to the east. This proximity allows residents to enjoy the peaceful, small-town atmosphere of Kerman while also having easy access to urban amenities. Overall, Kerman is a welcoming community with a rich agricultural heritage and a focus on family-friendly living.

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