Quick facts: Poway, CA

Quick Facts

127.6
Cost of Living
above US average
48,078
Population
11.27
Crime Rate per 1000
below US average
$135,605
Median Income
above US average
$1,374,900
Median House Price
above US average
$2776.64
Average Rent
above US average
3%
Poverty Rate
below US average
3.7%
Unemployment Rate
below 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 $135,605.

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Income Needed to Buy

βœ— Stretch
$431k/year
Based on $1,374,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $431k vs median $135,605
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Income Needed to Rent

βœ“ Affordable
$119k/year
Based on $2776.64/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($135,605) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Poway, CA

Poway, California, is a vibrant city located in San Diego County, often referred to as the "City in the Country." Nestled in a picturesque valley, Poway is known for its beautiful landscapes, abundant parks, and a strong sense of community. One of its most notable features is Lake Poway, a popular spot for fishing, picnicking, and boating, surrounded by scenic trails ideal for hiking and biking. The city enjoys a mild Mediterranean climate, making it an attractive destination year-round. Poway's downtown area features charming shops, restaurants, and local amenities, creating a welcoming atmosphere for residents and visitors alike. The Poway Unified School District is highly regarded, providing excellent educational opportunities for families. Cultural events, including summer concerts and community festivals, contribute to Poway's lively community spirit. Additionally, its proximity to San Diego allows residents easy access to urban amenities while enjoying a slower-paced lifestyle. Overall, Poway is a hidden gem, offering a blend of suburban charm, natural beauty, and a tight-knit community.

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