Lathrop, California Real Estate & Housing Market

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Lathrop Housing Information

Index	Lathrop	California	National
Median home price	$250,400	$409,300	$184,700
Median rent asked	$1,602	$1,297	$949
Avg. people per household	3.9	3.0	2.6
Owner occupied households	68.9%	54.1%	63.6%
Renter occupied households	31.1%	45.9%	36.4%

Above is a snapshot look at the real estate market in Lathrop, CA. In Lathrop, CA, the median house price is $250,400, making the price 39% lower than that the average for California. Therefore, the affordability of Lathrop, CA area real estate is more affordable than the real estate in other areas of California. In addition, Lathrop, CA has a median rent price of $1,602; this price is 24% higher than that the average rental price for California. 68.9% of residents in Lathrop, CA are homeowners, and the average amount of people who reside in each home is 3.9. Lathrop, CA has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Lathrop, CA real estate for sale.

Lathrop Home Affordability

When looking for real estate in Lathrop, CA, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Lathrop, CA, the median price of a home is $250,400 and $65,699 is the median household income. This means that the home price to income ratio is 3.8x, a ratio that is 41% lower than the average in California. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Lathrop, CA will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Lathrop, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Farmington, CA	97	$0	100%
Kennedy, CA	3,641	$76,800	58%
August, CA	7,781	$84,800	54%
Taft Mosswood, CA	936	$99,700	46%
Garden Acres, CA	11,209	$108,600	41%
Lathrop, CA	20,331	$250,400	36%

Cities with similar population

City, State	Population	Home Price	National Avg.
Schofield Barracks, HI	20,330	$0	100%
Gardner, MA	20,334	$173,200	6%
American Canyon, CA	20,334	$374,200	103%
Mililani Mauka, HI	20,322	$614,600	233%
Crest Hill, IL	20,316	$152,100	18%
Lathrop, CA	20,331	$250,400	36%

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