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California Real Estate


According to census data in the year 2000 there were 12,214,549 housing units in California. This represents a 9.2% from 11,182,882 in 1990.

Of those housing units, 11,389,556 were located in either urbanized areas or urban clusters, and 824,993 were located in what is classified as a rural area.

Homeownership rate in California is about 56.9%. California's vacancy rate, including seasonal lodging, is about 5.8%. Average household size is 2.87 people.

The majority of houses, apartments or condos in California were built after 1970.

Statistics

Housing Size

Housing Units by Size
Studio Type7.1%
One Bedroom18.1%
Two Bedrooms28.2%
Three Bedrooms30.5%
Four Bedrooms13.4%
Five Bedrooms or more2.7%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.95
Median year structure was built1971
Median Value of occupied units$211,500
Median Price asked for vacant units$151,900

Rented Homes, Apartments and Condos

Average Household Size2.78
Median year structure was built1969
Median Monthly Rent asked for vacant units$621

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.1%
Second Mortgage11.8%
Home Equity Loan7.7%
Simple Mortgage59.2%
Debt Free21.0%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs22.5%

Cities & Towns


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