California Housing

The housing market in California State has been quite costly for many years, with the current median house value being $733,500. This is almost double the US house median value of $338,100. Despite this high price tag, the 1-year appreciation rate in California State is only 2.16%, which is significantly lower than the US average of 8.27%. This indicates that while the housing prices are high, it may not be a great investment to purchase a home in California State in order to make profits from its appreciation.

The median home cost in California is $733,500. Home appreciation the last 10 years has been 134.9%. Home Appreciation in California is up 14.6%.

Average Age of Homes

- The median age of California real estate is 43 years old

The Rental Market in California

- Renters make up 41.4% of the California population
- 1.7% of houses and apartments in California, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	California, California	United States
	14,328,539.0	139,647,020.0
	46	42
	$733,500	$338,100
	14.6%	16.6%
	52.4%	57.0%
	134.9%	101.1%
	$7.69	$10.98
	$4,279	$2,690
	51.2%	57.4%
	7.8%	11.2%
	41.1%	31.4%
Vacant Housing
	1.7%	1.9%
	0.4%	0.4%
	0.5%	0.7%
	0.4%	0.4%
	2.6%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	0.9%	2.4%
	0.8%	2.8%
	0.7%	3.9%
	0.7%	4.5%
	1.9%	11.3%
	2.8%	13.0%
	8.8%	20.1%
	12.1%	13.6%
	12.5%	8.3%
	24.9%	9.7%
	13.8%	3.9%
	9.7%	2.2%
	3.9%	0.8%
	5.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	10.9%	13.6%
	10.9%	13.6%
	10.8%	13.6%
	15.0%	13.2%
	17.4%	14.8%
	10.8%	13.6%
	13.1%	10.0%
	5.7%	4.7%
	9.0%	12.2%

Reviews for California

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?? · Los Angeles, CA

Over 3 years ago

California is a great state. What stopped me from giving it 5 stars is the crime, homelessness, high cost of living, traffic, drought, and wildfires. Still a pretty good More

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John · Los Angeles, CA

Best place on earth.

Over 4 years ago

Born and raised here - been all around the country and world but California is unrivaled for beauty , diversity, food, landscapes, vibrant industries and agriculture and More

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Heather · Encinitas, CA

Please Don't Move Here, We're Full

Over 6 years ago

We're full. Got enough people already. Don't need to grow our population. Just need to let the roads catch More