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These days, finding an affordable place to live in the Chico area can be challenging. Home prices in Chico are now at a median cost of $494,398, lower than the California average of $812,006.
The average cost of rent is $1,597/mo in Chico, primarily driven by the current value of real estate in the Chico area. In Chico, 52.48% of households rent, and 41.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chico is $6,659 per month. Households that rent pay about 23.99% of their income on rent here. Chico’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Richardson Springs, CA: higher priced homes
- Rotavele, CA: equally priced homes
- Durham, CA: higher priced homes
- Hamilton City, CA: less expensive homes
- Cohasset, CA: higher priced homes
- Ordbend, CA: higher priced homes
- Paradise, CA: equally priced homes
- Butte Valley, CA: equally priced homes
- Nimshew, CA: less expensive homes
- Mills Orchard, CA: less expensive homes
Cities with Similar Populations
- Salt Lake City, UT: higher priced homes
- San Juan, PR: less expensive homes
- Sacramento, CA: higher priced homes
- Salinas, CA: higher priced homes
- Salem, OR: less expensive homes
- Roswell, GA: higher priced homes
- Round Rock, TX: equally priced homes
- Santa Clarita, CA: higher priced homes
- Saginaw, MI: less expensive homes
- Hialeah, FL: less expensive homes
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