Castaic, California Real Estate & Housing Market

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Castaic Housing Information

Index	Castaic	California	National
Median home price	$435,200	$409,300	$184,700
Median rent asked	$1,346	$1,297	$949
Avg. people per household	3.3	3.0	2.6
Owner occupied households	81.2%	54.1%	63.6%
Renter occupied households	18.8%	45.9%	36.4%

The above shows an overview of the real estate market in Castaic, CA. Note how the median home price for Castaic, CA runs $435,200, which is 6% higher than the average property price for California. So you’re going to get real estate in Castaic, CA that is on-average less affordable than what you’ll find in the rest of California. As for rent, the median for Castaic, CA runs $1,346, which is comparatively 4% higher than the average rent for California. For Castaic, CA, about 81.2% of the population consist of home owners with about 3.3 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Castaic, CA offers a wide variety of real estate. To find your perfect home in Castaic, CA, filter your choice by price, location, and number of beds and baths using the search area above.

Castaic Home Affordability

When deciding where to purchase Castaic, CA real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Castaic, CA the median home price is $435,200 and $107,200 is the median household income. As a result, the home price to income ratio in Castaic, CA is 4.1x, which is 37% lower than the California average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Castaic, CA the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Castaic, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Lake Hughes, CA	565	$191,200	4%
Elizabeth Lake, CA	1,772	$221,800	20%
Piru, CA	1,950	$266,100	44%
Val Verde, CA	2,716	$282,000	53%
San Fernando, CA	24,396	$343,500	86%
Castaic, CA	19,529	$435,200	136%

Cities with similar population

City, State	Population	Home Price	National Avg.
Bryant, AR	19,529	$149,700	19%
McKeesport, PA	19,529	$45,700	75%
Clemmons, NC	19,536	$202,200	9%
Upper St. Clair, PA	19,521	$267,500	45%
Papillion, NE	19,520	$167,200	9%
Castaic, CA	19,529	$435,200	136%

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