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Affordable
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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 $1,072,721, higher than the California average of $812,006.
The average cost of rent is $2,820/mo in Novato, primarily driven by the current value of real estate in the Novato area. In Novato, 31.97% of households rent, and 34.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Novato is $11,140 per month. Households that rent pay about 25.31% of their income on rent here. Novato’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sleepy Hollow, CA: higher priced homes
- Nicasio, CA: higher priced homes
- Woodacre, CA: equally 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: equally priced homes
- Forest Knolls, CA: equally 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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