Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downey area can be challenging. Home prices in Downey are now at a median cost of $592,591, lower than the California average of $648,235.
The average cost of rent is $1,753/mo in Downey, primarily driven by the current value of real estate in the Downey area. While nearly 28.97% of residents own their homes outright in Downey, 51.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downey is $6,827 per month. Households that rent pay about 25.67% of their income on rent here. Downey's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
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Cities with Similar Populations
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