Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Novato area can be challenging. Home prices in Novato are now at a median cost of $830,981, higher than the California average of $648,235.
The average cost of rent is $2,314/mo in Novato, primarily driven by the current value of real estate in the Novato area. While nearly 30.97% of residents own their homes outright in Novato, 27.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Novato is $9,991 per month. Households that rent pay about 23.16% of their income on rent here. Novato's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Sleepy Hollow, CA: higher priced homes
- Nicasio, CA: higher priced homes
- Woodacre, CA: higher priced homes
- San Anselmo, CA: higher priced homes
- Fairfax, CA: higher priced homes
- San Rafael, CA: higher priced homes
- San Geronimo, CA: higher priced homes
- Lagunitas-Forest Knolls, CA: higher priced homes
- Forest Knolls, CA: higher priced homes
- Ross, CA: higher priced homes
Cities with Similar Populations
- Reseda, CA: less expensive homes
- Altamonte Springs, FL: less expensive homes
- Mentor, OH: less expensive homes
- Meriden, CT: less expensive homes
- Monterey Park, CA: less expensive homes
- Newport Beach, CA: higher priced homes
- North Bergen, NJ: less expensive homes
- Novi, MI: less expensive homes
- Ormond Beach, FL: less expensive homes
- Panama City, FL: less expensive homes
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