Fall River Mills, CA—96028
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fall River Mills, CA
As of Oct '25, the median home price in Fall River Mills, CA is $288,000, with a year-over-year change of 0.1%. This indicates that home prices in Fall River Mills, CA are flat. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $288,000 | 0.1% |
| Single Family | $289,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $196,000 | 1.6% |
3 Bed | $322,000 | 0.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fall River Mills, CA
As of July '25, Rentcast reports the average rent in Fall River Mills, CA is $2,250, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Fall River Mills, CA is 3-bedrooms: $2,250. The most common rental property sizes in Fall River Mills, CA are 2-bedroom and 3-bedroom, accounting for 54.7% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,250 | $2,250 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fall River Mills, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fall River Mills, CA is 106. This is a increase of 54.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $419,000 | -15.0% |
Listing Count | 27 | 168.0% |
| Listings as % of Homes | 0.6% | 168.0% |
Days on Market | 106 | 54.0% |
Demographics — Fall River Mills, CA
As of the latest ACS Survey released in 2023, Fall River Mills, CA has a population of 1,670, which has increased by 22.7% over the past 5 years. Fall River Mills, CA is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,670 | 22.7% |
% Under 18 | 21.1% | 9.9% |
% Seniors | 29.2% | -6.1% |
% WFH | 14.6% | 274.4% |
% w/ College Degree | 18.5% | 77.9% |
As of the latest ACS Survey released in 2023, Fall River Mills, CA is a predominantly white area, with 67.6% of the population identifying as white. The white population has shrunk by 14.1% in the last 5 years. The second most common race or ethnicity in Fall River Mills, CA is hispanic, making up 21.9% of the population. Foreign-born residents account for 1.3% of the population in Fall River Mills, CA, and this percentage has increased by 85.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.6% | -14.1% |
% Black | 0.5% | ∞% |
% Hispanic | 21.9% | 88.8% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.3% | 85.7% |
Mortgage and Risk — Fall River Mills, CA
According to HUD data as of 2023, there were 29 mortgage originations in Fall River Mills, CA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Fall River Mills, CA. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 29 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Fall River Mills, CA
Fall River Mills, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,230 |
| 2 Bedroom | N/A | N/A | $1,610 |
| 3 Bedroom | $10 | $2,250 | $2,260 |
| 4 Bedroom | N/A | N/A | $2,700 |
Affordability — Fall River Mills, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $288,000 |
| Median Household Income | $61,900 |