Alamo, California Real Estate & Housing Market

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Alamo Housing Information

Index	Alamo	California	National
Median home price	$1,411,800	$409,300	$184,700
Median rent asked	$2,911	$1,297	$949
Avg. people per household	2.9	3.0	2.6
Owner occupied households	89.1%	54.1%	63.6%
Renter occupied households	10.9%	45.9%	36.4%

A general overview of the Alamo, CA real estate market is displayed above. The median home price for homes in Alamo, CA is $1,411,800, which is 245% higher than the California average. This means that real estate in the Alamo, CA area is generally less affordable than the rest of California. The median rent price in Alamo, CA is $2,911 which is 124% higher than the California average. In Alamo, CA, 89.1% of people are home owners and an average of 2.9 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Alamo, CA. We make it easy to find Alamo, CA real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Alamo Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Alamo, CA. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Alamo, CA is $1,411,800 and the median household income is $171,767. This results in a home price to income ratio of 8.2x, which is 28% higher than the California average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Alamo, CA are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Alamo, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
North Gate, CA	465	$0	100%
Pacheco, CA	4,059	$0	100%
Port Costa, CA	228	$0	100%
Bay Point, CA	23,131	$193,000	4%
Pittsburg, CA	67,998	$280,900	52%
Alamo, CA	16,078	$1,411,800	664%

Cities with similar population

City, State	Population	Home Price	National Avg.
Hermitage, PA	16,077	$134,700	27%
Pearl River, NY	16,076	$444,100	140%
Vero Beach, FL	16,070	$211,500	15%
Madison, NJ	16,090	$681,900	269%
Spanish Springs, NV	16,091	$273,100	48%
Alamo, CA	16,078	$1,411,800	664%

Source: The Alamo, CA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).