El Centro, California Real Estate & Housing Market

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El Centro Housing Information

Index	El Centro	California	National
Median home price	$164,900	$409,300	$184,700
Median rent asked	$748	$1,297	$949
Avg. people per household	3.5	3.0	2.6
Owner occupied households	49.8%	54.1%	63.6%
Renter occupied households	50.2%	45.9%	36.4%

Above, you'll find an overview of the real estate market in El Centro, CA. Generally, real estate in the El Centro, CA area is more affordable in California, as the median price of a home in El Centro, CA is $164,900, which is 60% lower than the California average. The median rental price in El Centro, CA is $748. This is 42% lower than the average rental price in California. Home owners comprise 49.8% of the population of El Centro, CA, where an average of 3.5 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in El Centro, CA. Below, you can search for real estate listings in El Centro, CA using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

El Centro Home Affordability

When searching for real estate in El Centro, 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 El Centro, CA, the median house price is $164,900, while the median income for households in the area is $41,849. Therefore, the ratio of house price to income is 3.9x; this ratio is 39% lower than 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 El Centro, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Seeley, CA	1,626	$100,000	46%
Brawley, CA	25,776	$150,100	19%
Holtville, CA	6,230	$150,900	18%
Heber, CA	4,287	$152,800	17%
Calexico, CA	39,750	$165,300	11%
El Centro, CA	43,699	$164,900	11%

Cities with similar population

City, State	Population	Home Price	National Avg.
Lompoc, CA	43,678	$250,300	36%
North Miami Beach, FL	43,722	$155,500	16%
Oakland Park, FL	43,660	$163,700	11%
Danville, CA	43,758	$919,500	398%
Pittsfield, MA	43,632	$170,900	7%
El Centro, CA	43,699	$164,900	11%

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