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These days, finding an affordable place to live in the Malibu area can be challenging. Home prices in Malibu are now at a median cost of $1,893,930, higher than the California average of $812,006.
The average cost of rent is $3,303/mo in Malibu, primarily driven by the current value of real estate in the Malibu area. In Malibu, 22.60% of households rent, and 41.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Malibu is $16,733 per month. Households that rent pay about 19.74% of their income on rent here. Malibu’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern 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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Cities with Similar Populations
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