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San Bernardino County
But as the nearby town of Ridgecrest grew and the mining company shrunk, Trona withered. Developers built fewer homes in California in 2023, potentially leading to higher prices and rents as a supply shortage worsens. The two-bed, two-bath home sits on a quarter-acre lot, and Putman boasted the gardens and terraces as a draw for potential buyers. Plus, it has a great view of the city, she said, making it the ultimate LA outdoor space. Designed by LA architect William King and built in 1982, the listing comes with several gathering spaces in and around the home, with charming gardens, a wraparound deck and a garage that could be used as studio space. Residents from nearby towns once came to Trona for shopping and essentials, but now the tables have turned, Epperly said.
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Both communities in the Riverside-San Bernardino metropolitan area saw home values dip about 17% in the last year. Trona’s heyday was in the early 1900s, when it was a company town, established in 1914 and operated by the American Trona Corp. Early on, a central building housed many workers and all the town’s businesses, including a “pool hall, a barber shop, post office, library, grocery and department store,” according to the Searles Valley Historical Society. For the last 30 years, Ann Epperly has lived in Trona, one of only nine California cities, towns and unincorporated areas tracked by Zillow with median home values under $150,000 in February 2024.
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Trona, a “desolate area that was very much thriving back in the ’50s and ’60s,” was littered with abandoned homes after plants closed decades ago, said Berri, 49. Now, “people are fixing them up and making the community better,” he said. Herlong, located along the border with Nevada, 90 miles north of Lake Tahoe, is another town with a low median home value. It’s an army town named after a World War II-era captain and home to a military storage facility. Like so many California real estate deals, you have to journey off the beaten path, make compromises and have some imagination. But if you look hard enough, there are still a handful of cities where the median price of a home is less than $150,000.
Quarter-acre property a 'whimsical environment'
Each town is home to less than 1,000 people and set amid agricultural fields. Blackstone Real Estate Income Trust will offload 19 student-housing properties with more than 10,000 beds to funds managed by KKR, according to a statement Thursday. The deal, which is expected to be completed by the third quarter, includes properties located near 14 public universities. Gambino said the Glassell Park area where the home is located is popular among artists, musicians and actors.
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Average days on market for homes in California was 35 days this month, 35 days last month and 39 days last year. Homes in California are selling close to the asking price in the last three months. The home at 2538 Sundown Drive is for sale at $2.3 million, listed by Compass agents Carl Gambino and Ariel Putman, and was recently shared on real estate fan account Zillow Gone Wild. He acknowledges that the desert life is not for everyone. “In Trona, you’re talking about 115-degree summers, but people adjust and they get through,” Berri said. Mining production increased and the town boomed to 6,000 people at its height.
“When you’re in the city, you’re usually cramped, you’re paying high costs,” he said. Aside from an influx of new residents, Epperly said the town’s revival could use some help. In the Searles Valley, the median household income was $54,000 in 2022, well below the statewide average of $92,000, according to census data. The poverty rate, however, was nearly 20%, far exceeding California’s 12% overall rate.
Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Listing information is being provided by the BAREIS Inc., MLS. Some of the state’s lowest median home values — as low as $114,000 —are located near the Oregon border, in the towns of Dorris, Macdoel and Tulelake.
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Many people who fit the bill have come to see the house, but it has also attracted a wider range of potential buyers like a chef who would use it entertain, and other business people who are interested in the home as a piece of art. Residents who can endure the stifling heat are rewarded with home median home prices at an astonishing $52,000. In nearby Johannesburg, median home prices are $86,000.
The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc. As residents across urban California have decamped for more space and affordability in the exurbs, small towns statewide have grown in popularity. Sonney Berri, a real estate agent in Trona, has seen an uptick in prices since the COVID-19 pandemic, a trend he attributes to homeowners who previously lived close to city centers and sold their homes to buy properties in this unincorporated community in San Bernardino County. These towns represent islands of affordability in a state where the median home price is $789,000.
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