Alum Rock, California Real Estate & Housing Market

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Alum Rock Housing Information

Index	Alum Rock	California	National
Median home price	$463,000	$409,300	$184,700
Median rent asked	$1,700	$1,297	$949
Avg. people per household	4.2	3.0	2.6
Owner occupied households	62.7%	54.1%	63.6%
Renter occupied households	37.3%	45.9%	36.4%

Above, you'll find an overview of the real estate market in Alum Rock, CA. Generally, real estate in the Alum Rock, CA area is less affordable in California, as the median price of a home in Alum Rock, CA is $463,000, which is 13% higher than the California average. The median rental price in Alum Rock, CA is $1,700. This is 31% higher than the average rental price in California. Home owners comprise 62.7% of the population of Alum Rock, CA, where an average of 4.2 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Alum Rock, CA. Below, you can search for real estate listings in Alum Rock, CA using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Alum Rock Home Affordability

When searching for real estate in Alum Rock, CA, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Alum Rock, CA, the median house price is $463,000, while the median income for households in the area is $72,079. Therefore, the ratio of house price to income is 6.4x; this ratio is equal to the average in California. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Alum Rock, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Mountain View CDP, CA	2,585	$334,000	81%
Newark, CA	44,677	$547,800	197%
Milpitas, CA	73,447	$635,300	244%
San Jose, CA	1,009,363	$658,000	256%
Fruitdale, CA	868	$678,200	267%
Alum Rock, CA	11,877	$463,000	151%

Cities with similar population

City, State	Population	Home Price	National Avg.
Blackfoot, ID	11,878	$121,500	34%
Cedar Lake, IN	11,872	$162,300	12%
Cusseta-Chattahoochee County, GA	11,882	$66,400	64%
Kelso, WA	11,871	$120,700	35%
Shepherdsville, KY	11,869	$128,400	30%
Alum Rock, CA	11,877	$463,000	151%

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