California

 

Homes & Rents

  • Median Home Value: $698,268
  • Average Rent: $2,755
  • Average Appreciation: 5.61% since 2000

 

Population & Growth

California is the most populated state in the US with just under 40 million people. Growth has slowed down considerably since the 60’s where the growth rate was at 4%, now at 0.61%. However California is still substantially more populated than the next closest state of Texas at 28 million people.


 

Demographics

Per capita income in California is $38k and a median household income of $78k. With 54% of real estate being owned and 45% renters. California saw a drop in appreciation in the last 5 years, but in the most recent quarter has seen a spike in appreciation.

Popular Cities


 

 

 

Los Angeles

With a population of 3,919,973, Los Angeles is the largest city in California.  It is continuously growing, however has slowed down in recent years compared to previous years. The median home value is $825,207 which is very high compared to the rest of the country. There is an average rent of $2,456 a month making the price-to-rent ratio of 28.

 

 

 

San Diego

San Diego is the second largest city in California and is still seeing some decent growth at 1.15% since 2020. With a median home value at $808,485 and rents being an average of $2,997 makes the price-to-rent ratio a little better than Los Angeles at 22.4. This is an extremely expensive market like a lot of California but is seeing exceptional appreciation at 5.18% since 2000.