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These days, finding an affordable place to live in the Hemet area can be challenging. Home prices in Hemet are now at a median cost of $344,311, lower than the California average of $812,006.
The average cost of rent is $1,812/mo in Hemet, primarily driven by the current value of real estate in the Hemet area. In Hemet, 34.80% of households rent, and 39.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hemet is $5,980 per month. Households that rent pay about 30.30% of their income on rent here. Hemet’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- East Hemet, CA: higher priced homes
- San Jacinto, CA: higher priced homes
- Valle Vista, CA: equally priced homes
- Juniper Springs, CA: less expensive homes
- Soboba Hot Springs, CA: equally priced homes
- Homeland, CA: less expensive homes
- Nuevo, CA: higher priced homes
- Sun City, CA: higher priced homes
- Winchester, CA: higher priced homes
- Lakeview, CA: higher priced homes
Cities with Similar Populations
- Deerfield Beach, FL: equally priced homes
- Davenport, IA: less expensive homes
- Centennial, CO: higher priced homes
- Charlottesville, VA: higher priced homes
- Cary, NC: higher priced homes
- Clearwater, FL: equally priced homes
- College Station, TX: equally priced homes
- Charlotte, NC: higher priced homes
- Clinton Township, MI: less expensive homes
- Castle Rock, CO: higher priced homes
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