Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Banning area can be challenging. Home prices in Banning are now at a median cost of $254,420, lower than the California average of $648,235.
The average cost of rent is $1,301/mo in Banning, primarily driven by the current value of real estate in the Banning area. While nearly 47.53% of residents own their homes outright in Banning, 30.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in Banning is $4,587 per month. Households that rent pay about 28.37% of their income on rent here. Banning's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Beaumont, CA: higher priced homes
- Cherry Valley, CA: higher priced homes
- Cabazon, CA: equally priced homes
- Oak Glen, CA: higher priced homes
- Soboba Hot Springs, CA: less expensive homes
- Calimesa, CA: higher priced homes
- Forest Falls, CA: higher priced homes
- Yucaipa, CA: higher priced homes
- White Water, CA: less expensive homes
- Moreno, CA: higher priced homes
Cities with Similar Populations
- Romulus, MI: less expensive homes
- Indiana, PA: less expensive homes
- Independence, KY: less expensive homes
- Immokalee, FL: less expensive homes
- Saratoga, CA: higher priced homes
- Milford, OH: less expensive homes
- Tifton, GA: less expensive homes
- Union City, GA: less expensive homes
- Black Lick, OH: equally priced homes
- Wadsworth, OH: less expensive homes
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