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These days, finding an affordable place to live in the Guernsey area can be challenging. Home prices in Guernsey are now at a median cost of $377,218, lower than the California average of $812,006.
The average cost of rent is $1,360/mo in Guernsey, primarily driven by the current value of real estate in the Guernsey area. In Guernsey, 64.60% of households rent, and 53.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Guernsey is $6,601 per month. Households that rent pay about 20.60% of their income on rent here. Guernsey’s most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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