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Affordable
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These days, finding an affordable place to live in the Commerce area can be challenging. Home prices in Commerce are now at a median cost of $600,618, lower than the California average of $812,006.
The average cost of rent is $1,577/mo in Commerce, primarily driven by the current value of real estate in the Commerce area. In Commerce, 45.83% of households rent, and 40.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Commerce is $6,069 per month. Households that rent pay about 25.98% of their income on rent here. Commerce’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bell Gardens, CA: equally priced homes
- Maywood, CA: equally priced homes
- Vernon, CA: higher priced homes
- Bell, CA: equally priced homes
- East Los Angeles, CA: equally priced homes
- Montebello, CA: higher priced homes
- Cudahy, CA: equally priced homes
- Pico Rivera, CA: equally priced homes
- Huntington Park, CA: equally priced homes
- Monterey Park, CA: higher priced homes
Cities with Similar Populations
- Poteau, OK: less expensive homes
- Jarrell, TX: less expensive homes
- Jefferson Hills, PA: less expensive homes
- Jericho, NY: higher priced homes
- Jerseyville, IL: less expensive homes
- Juana Diaz, PR: less expensive homes
- Jupiter Farms, FL: higher priced homes
- Kalaoa, HI: higher priced homes
- Kennett, MO: less expensive homes
- Lake Geneva, WI: less expensive homes
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