Cerritos, CA is a desirable place to buy a home due to its high median housing value of $975,900, which is significantly higher than the US housing median value of $338,100. While the national house appreciation rate over the past year was 8.27%, Cerritos experienced an appreciation rate of 5.57%. This indicates that Cerritos' housing market has been slower than average but still growing steadily over the last year.
The median home cost in Cerritos is $975,900. Home appreciation the last 10 years has been 115.7%. Home Appreciation in Cerritos is up 14.3%.
Average Age of Homes
- The median age of Cerritos real estate is 44 years old
The Rental Market in Cerritos
- Renters make up 18.7% of the Cerritos population
- 1.8% of houses and apartments in Cerritos, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.