Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the California area can be challenging. Home prices in California are now at a median cost of $648,235, higher than the the United States average of $313,691.
The average cost of rent is $1,958/mo in California, primarily driven by the current value of real estate in the California area. While nearly 33.04% of residents own their homes outright in California, 40.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in California is $8,224 per month. Households that rent pay about 23.81% of their income on rent here. California's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the state.
Nearby States
States with Similar Populations
- Alaska: less expensive homes
- Hawaii: equally priced homes
- Puerto Rico: less expensive homes
- Arkansas: less expensive homes
- Florida: less expensive homes
- Louisiana: less expensive homes
- Maine: less expensive homes
- Massachusetts: less expensive homes
- Minnesota: less expensive homes
- Montana: less expensive homes
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