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Affordable
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These days, finding an affordable place to live in the San Pedro area can be challenging. Home prices in San Pedro are now at a median cost of $843,400, higher than the California average of $812,006.
The average cost of rent is $1,957/mo in San Pedro, primarily driven by the current value of real estate in the San Pedro area. In San Pedro, 58.03% of households rent, and 29.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in San Pedro is $7,745 per month. Households that rent pay about 25.27% of their income on rent here. San Pedro’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wilmington, CA: less expensive homes
- Rolling Hills, CA: higher priced homes
- Harbor City, CA: less expensive homes
- Rolling Hills Estates, CA: higher priced homes
- Lomita, CA: equally priced homes
- Rancho Palos Verdes, CA: higher priced homes
- West Carson, CA: less expensive homes
- Palos Verdes Estates, CA: higher priced homes
- Carson, CA: less expensive homes
- Torrance, CA: higher priced homes
Cities with Similar Populations
- Charleston, SC: less expensive homes
- Albany, NY: less expensive homes
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- Anderson, SC: less expensive homes
- Anderson, IN: less expensive homes
- Alpharetta, GA: less expensive homes
- Avondale, AZ: less expensive homes
- Bend, OR: less expensive homes
- Arlington Heights, IL: less expensive homes
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