California Real Estate Statistics [Fresh Research]

With sources from:,,, and many more

In this post, we will explore a comprehensive overview of California real estate statistics for 2021. These statistics cover a wide range of housing market indicators, including median home prices, rental costs, homeownership rates, property taxes, and more. Stay tuned to gain valuable insights into the current state of the real estate market in California.

Statistic 1

"In 2021, the median price for a single-family home in California was $758,990."

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Statistic 2

"As of August 2021, 40.2% of Californian homes have increased in value over the past year."

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Statistic 3

"The median rent price in California is $3,120."

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Statistic 4

"Approximately 54.7% of Californians are homeowners."

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Statistic 5

"As of August 2021, the median sales price of a newly built home in California is $679,100."

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Statistic 6

"In 2021, the most expensive neighborhood in San Francisco is Presidio Heights, with a median sales price of $5,550,000."

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Statistic 7

"There are over 1.5 million mortgage holders in California who are cost-burdened, spending over 30% of their income on housing."

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Statistic 8

"California homeowners can expect to pay an average of $1,618 in homeowners’ insurance annually."

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Statistic 9

"In California, the median price-to-income ratio is 5.5 as of Q2 2021."

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Statistic 10

"Santa Clara County, CA has the highest median household income in the state at $139,455."

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Statistic 11

"In September 2021, the number of existing, single-family home sales in California was 396,590."

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Statistic 12

"California has some of the highest property tax rates in the country, with an average rate of 0.76%."

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Statistic 13

"In 2021, approximately 10% of California homes have negative equity."

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Statistic 14

"The vacancy rate for rental homes in California was 4.3% as of Q2 2021."

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In conclusion, the California real estate market in 2021 is characterized by high median home prices, a significant percentage of homes experiencing value appreciation, high rental prices, a majority of residents being homeowners, varying affordability levels across different regions, and notable challenges such as cost-burdened mortgage holders and properties with negative equity. The data points suggest a complex and dynamic housing landscape in California, influenced by factors such as income levels, property taxes, and market conditions. The statistics highlight the need for careful consideration and strategic planning for both current and prospective homeowners in navigating the state's diverse real estate environment.

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