Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the El Verano area can be challenging. Home prices in El Verano are now at a median cost of $1,526,470, higher than the California average of $648,235.
The average cost of rent is $2,553/mo in El Verano, primarily driven by the current value of real estate in the El Verano area. While nearly 39.41% of residents own their homes outright in El Verano, 33.76% rent.
Housing affordability isn’t just about home prices, though. The average household income in El Verano is $16,007 per month. Households that rent pay about 15.95% of their income on rent here. El Verano's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
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