
Home Price Key
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 $1,850,924, higher than the California average of $648,235.
The average cost of rent is $3,220/mo in Malibu, primarily driven by the current value of real estate in the Malibu area. While nearly 35.26% of residents own their homes outright in Malibu, 22.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Malibu is $15,370 per month. Households that rent pay about 20.95% of their income on rent here. Malibu's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
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