Fallbrook, California Real Estate & Housing Market

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Fallbrook Housing Information

Index	Fallbrook	California	National
Median home price	$429,000	$409,300	$184,700
Median rent asked	$1,049	$1,297	$949
Avg. people per household	3.1	3.0	2.6
Owner occupied households	58.2%	54.1%	63.6%
Renter occupied households	41.8%	45.9%	36.4%

Above, you will see a summary of real estate in Fallbrook, CA. On average, homes in Fallbrook, CA cost $429,000, a value that is 5% higher than the average in California. In general terms, this results in Fallbrook, CA real estate being less affordable than California real estate. On average, people who rent houses in Fallbrook, CA pay $1,049; this value is 19% lower than the average amount renters pay in California. 58.2% of Fallbrook, CA residents own their own homes and, on average, each of the homes has 3.1 occupants. Fallbrook, CA real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Fallbrook, CA is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Fallbrook Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Fallbrook, CA. To estimate home affordability, one method is to use the ratio of home price to median household income. The Fallbrook, CA’s median home price stands at $429,000 while $53,106 is the value of the average household income. The resulting home price to income ratio, which is 8.1x, differs from the California average as the ratio is 26% higher than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Fallbrook, CA are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Fallbrook, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Camp Pendleton North, CA	7,885	$0	100%
Camp Pendleton South, CA	12,491	$0	100%
Pala, CA	1,006	$208,300	13%
Murrieta, CA	108,583	$339,800	84%
French Valley, CA	27,949	$348,400	89%
Fallbrook, CA	31,771	$429,000	132%

Cities with similar population

City, State	Population	Home Price	National Avg.
Uniondale, NY	31,755	$325,200	76%
Springville, UT	31,796	$209,800	14%
Fair Oaks, CA	31,804	$385,800	109%
Florence, KY	31,735	$139,100	25%
Bel Air North, MD	31,734	$310,100	68%
Fallbrook, CA	31,771	$429,000	132%

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