With a mission statement that demonstrates pride in housing, education and recreational opportunities for residents, the city of Ontario is one of Southern California's fastest growing cities and has been named the state's next urban center.
Located 35 miles east of the busy city of Los Angeles, Ontario offers its residents a combination of a laid-back lifestyle while also providing housing much more affordable than real estate in Los Angeles County. The median household income between 2006 and 2010 was $57,771, just below the statewide median of $60,883 while the median value of owner-occupied housing units was $346,800, also less than California's average.
The 2010 U.S. Census reported the population was 163,924, which increased 3.7 percent between 2000 and 2010 while the state's population grew 10 percent. According to the Census, there were 47,449 housing units of which owners occupied 55.3 percent while 44.7 percent were renter-occupied. The homeownership rate was 58.9 percent.
Homes for sale in Los Angeles could continue to see multiple offers, as mortgage rates have remained near all-time lows despite rising in two consecutive weeks.