La Verne, California Real Estate & Housing Market

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La Verne Housing Information

Index	La Verne	California	National
Median home price	$500,300	$409,300	$184,700
Median rent asked	$1,407	$1,297	$949
Avg. people per household	2.8	3.0	2.6
Owner occupied households	73.2%	54.1%	63.6%
Renter occupied households	26.8%	45.9%	36.4%

A general summary of the real estate market in La Verne, CA is listed above. Properties in La Verne, CA average a cost of $500,300, which is 22% higher than the median home price for real estate located in California. This means that the region of La Verne, CA is, on average, less affordable when compared to the remainder of California. Since tenants living in La Verne, CA will pay an average of $1,407, the median rental cost is 8% higher than in California. 73.2% of people in La Verne, CA own their own homes, and an average of 2.8 people inhabit each property. La Verne, 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.

La Verne Home Affordability

When starting your search for real estate in La Verne, 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 La Verne, CA costs $500,300 while each household has an average income of $78,385. Consequently, the ratio of home price to household income is 6.4x; this ratio is 1% 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 La Verne, 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 La Verne, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Montclair, CA	38,294	$281,100	52%
Ontario, CA	169,389	$293,000	59%
South San Jose Hills, CA	19,914	$298,900	62%
Pomona, CA	151,807	$310,100	68%
Baldwin Park, CA	76,511	$333,500	81%
La Verne, CA	32,078	$500,300	171%

Cities with similar population

City, State	Population	Home Price	National Avg.
Laramie, WY	32,096	$206,700	12%
North Olmsted, OH	32,108	$146,900	20%
East Lake, FL	32,046	$289,600	57%
Gillette, WY	32,033	$207,600	12%
Danville, IL	32,030	$65,600	64%
La Verne, CA	32,078	$500,300	171%

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