
Home Price Key
These days, finding an affordable place to live in the Valencia area can be challenging. Home prices in Valencia are now at a median cost of $669,171, higher than the California average of $648,235.
The average cost of rent is $2,390/mo in Valencia, primarily driven by the current value of real estate in the Valencia area. While nearly 22.11% of residents own their homes outright in Valencia, 37.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Valencia is $8,740 per month. Households that rent pay about 27.35% of their income on rent here. Valencia's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
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