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These days, finding an affordable place to live in the Beverly Hills area can be challenging. Home prices in Beverly Hills are now at a median cost of $1,855,624, higher than the California average of $812,006.
The average cost of rent is $3,024/mo in Beverly Hills, primarily driven by the current value of real estate in the Beverly Hills area. In Beverly Hills, 51.48% of households rent, and 38.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Beverly Hills is $13,148 per month. Households that rent pay about 23.00% of their income on rent here. Beverly Hills’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Hollywood, CA: less expensive homes
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- Los Angeles, CA: less expensive homes
- View Park-Windsor Hills, CA: less expensive homes
- Ladera Heights, CA: less expensive homes
- Venice, CA: equally priced homes
Cities with Similar Populations
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