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These days, finding an affordable place to live in the Cerritos area can be challenging. Home prices in Cerritos are now at a median cost of $942,573, higher than the California average of $812,006.
The average cost of rent is $3,005/mo in Cerritos, primarily driven by the current value of real estate in the Cerritos area. In Cerritos, 24.33% of households rent, and 42.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cerritos is $11,652 per month. Households that rent pay about 25.79% of their income on rent here. Cerritos’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Artesia, CA: less expensive homes
- La Palma, CA: equally priced homes
- Hawaiian Gardens, CA: less expensive homes
- Norwalk, CA: less expensive homes
- Lakewood, CA: less expensive homes
- Cypress, CA: equally priced homes
- Buena Park, CA: less expensive homes
- Bellflower, CA: less expensive homes
- La Mirada, CA: less expensive homes
- Los Alamitos, CA: equally priced homes
Cities with Similar Populations
- Poway, CA: higher priced homes
- Jamaica Plain, MA: equally priced homes
- Marion, OH: less expensive homes
- Martinez, CA: less expensive homes
- Matthews, NC: less expensive homes
- Milford, CT: less expensive homes
- Morrisville, PA: less expensive homes
- New Castle, PA: less expensive homes
- Opa-Locka, FL: less expensive homes
- Parkway, CA: less expensive homes
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