State housing costs
California housing costs, ownership, and rent in the latest ACS
Statewide evidence on home value, income, owner costs, housing stock, tenure, vacancy, and rent for borrower planning.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
Start with the dated local finding: California's 2024 ACS housing baseline reports a median owner-occupied home value of $734,700, median household income of $99,122, and median selected monthly owner costs of $2,946 for owners with a mortgage. Those three reference points can still help a borrower identify which statewide value, income, and recurring-cost assumptions need local replacement first. They remain separate medians, not the price, income, and monthly budget of one typical household, and the $2,946 measure is not a real-estate-tax figure or a current mortgage quote. For borrower planning, a real decision still needs local property evidence, borrower documentation, taxes, insurance, maintenance, association obligations, and current loan information.
In a borrower review centered on California, read beside the 55.9% owner share and 44.1% renter share, the vacancy figure helps describe how the broad stock was classified without predicting near-term supply. Borrowers should use current listings, property condition, days on market, concessions, and local professional context to answer transaction questions that 7.5% and 14,644,735 were not designed to resolve.