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Benicia Housing Information

IndexBeniciaCaliforniaNational
Median home price$475,500$409,300$184,700
Median rent asked$1,429$1,297$949
Avg. people per household2.53.02.6
Owner occupied households67.6%54.1%63.6%
Renter occupied households32.4%45.9%36.4%
A general summary of the real estate market in Benicia, CA is listed above. Properties in Benicia, CA average a cost of $475,500, which is 16% higher than the median home price for real estate located in California. This means that the region of Benicia, CA is, on average, less affordable when compared to the remainder of California. Since tenants living in Benicia, CA will pay an average of $1,429, the median rental cost is 10% higher than in California. 67.6% of people in Benicia, CA own their own homes, and an average of 2.5 people inhabit each property. Benicia, CA has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Benicia Home Affordability

When starting your search for real estate in Benicia, CA, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Benicia, CA costs $475,500 while each household has an average income of $87,011. Consequently, the ratio of home price to household income is 5.5x; this ratio is 15% lower than the average in California. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Benicia, CA. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Benicia, CA.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Pacheco, CA4,059$0100%
Port Costa, CA228$0100%
North Gate, CA465$0100%
Montalvin Manor, CA3,174$172,3007%
Bay Point, CA23,131$193,0004%
Benicia, CA27,780$475,500157%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Sahuarita, AZ27,780$178,0004%
Aberdeen, SD27,783$140,30024%
Saugus, MA27,773$352,70091%
Shaker Heights, OH27,773$213,10015%
Melrose, MA27,787$437,100137%
Benicia, CA27,780$475,500157%

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