Housing in California

The median home cost in California is $552,800. Home appreciation the last 10 years has been 51.6%. Home Appreciation in California is up 5.2%. Browse California Real Estate

Average Age of Homes

- The median age of California real estate is 39 years old

The Rental Market in California

- Renters make up 41.4% of the California population
- 1.6% of houses and apartments in California, are available to rent

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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.

HOUSING	California, California	United States
Median Home Age	43	40
Median Home Cost	$552,800	$231,200
Home Appr. Last 12 months	5.2%	6.7%
Home Appr. Last 5 yrs.	41.9%	35.6%
Home Appr. Last 10 yrs.	51.6%	27.4%
Property Tax Rate	$7.70	$11.78
Property Taxes Paid	$4,257	$2,724
Homes Owned	50.2%	56.0%
Housing Vacant	7.9%	12.2%
Homes Rented	41.9%	31.8%
AVERAGE RENT FOR HOME OR APARTMENT
Average Rent	$2,532	$1,470
Studio Apartment	$1,156	$821
1 Bedroom Home or Apartment	$1,358	$930
2 Bedroom Home or Apartment	$1,723	$1,148
3 Bedroom Home or Apartment	$2,375	$1,537
4 Bedroom Home or Apartment	$2,755	$1,791
VACANT HOUSING
Vacant For Rent	1.6%	2.1%
Vacant Rented	0.4%	0.5%
Vacant For Sale	0.6%	1.0%
Vacant Sold	0.4%	0.5%
Vacant Vacation	2.7%	4.0%
Vacant Other	2.2%	4.2%
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,000	2.1%	3.5%
$20,000 to $39,999	1.2%	3.1%
$40,000 to $59,999	1.1%	3.9%
$60,000 to $79,999	1.1%	5.4%
$80,000 to $99,999	1.3%	6.3%
$100,000 to $149,999	3.9%	14.7%
$150,000 to $199,999	5.5%	14.6%
$200,000 to $299,999	13.2%	18.7%
$300,000 to $399,999	15.0%	11.0%
$400,000 to $499,999	12.9%	6.2%
$500,000 to $749,999	20.7%	7.0%
$750,000 to $999,999	10.4%	2.7%
$1,000,000 to $1,499,999	6.1%	1.5%
$1,500,000 to $1,999,999	2.4%	0.5%
$2,000,000 and over	3.1%	0.7%