Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Terrace area can be challenging. Home prices in Terrace are now at a median cost of $243,639, lower than the San Bernardino average of $409,329.
The average cost of rent is $1,850/mo in Terrace, primarily driven by the current value of real estate in the Terrace area. In Terrace, 29.90% of households rent, and 57.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Terrace is $4,994 per month. Households that rent pay about 37.05% of their income on rent here. Terrace’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Rancho West, San Bernardino, CA: higher priced homes
- Amtrak, San Bernardino, CA: higher priced homes
- Downtown Rialto, Rialto, CA: higher priced homes
- Alessandro, San Bernardino, CA: higher priced homes
- Shirrells, San Bernardino, CA: higher priced homes
- Mount Vernon, San Bernardino, CA: higher priced homes
- Lytle Creek, San Bernardino, CA: higher priced homes
- La Plaza, San Bernardino, CA: higher priced homes
- Delman, San Bernardino, CA: higher priced homes
- Feldheym, San Bernardino, CA: higher priced homes
Neighborhoods with Similar Populations
- Applewood, Lakewood, CO: higher priced homes
- Ashburn Farm, Ashburn, VA: higher priced homes
- Cow Hollow, San Francisco, CA: higher priced homes
- Englewood Park, Orlando, FL: equally priced homes
- Alamo Farmsteads-Babcock Road, San Antonio, TX: equally priced homes
- West Beaverton, Beaverton, OR: higher priced homes
- Twin Lakes, Las Vegas, NV: higher priced homes
- Turtle Rock, Irvine, CA: higher priced homes
- Southwest Bend, Bend, OR: higher priced homes
- Southeastern Hills, Lexington, KY: equally priced homes
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