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.
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.