
Home Price Key
These days, finding an affordable place to live in the Cholame area can be challenging. Home prices in Cholame are now at a median cost of $697,567, higher than the California average of $648,235.
The average cost of rent is $1,282/mo in Cholame, primarily driven by the current value of real estate in the Cholame area. While nearly 36.82% of residents own their homes outright in Cholame, 42.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cholame is $5,579 per month. Households that rent pay about 22.98% of their income on rent here. Cholame's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
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