GITNUX MARKETDATA REPORT 2024

California Real Estate Statistics [Fresh Research]

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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