Loma Linda, California Real Estate & Housing Market

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Loma Linda Housing Information

Index	Loma Linda	California	National
Median home price	$291,600	$409,300	$184,700
Median rent asked	$1,136	$1,297	$949
Avg. people per household	2.7	3.0	2.6
Owner occupied households	32.9%	54.1%	63.6%
Renter occupied households	67.1%	45.9%	36.4%

Above is a snapshot look at the real estate market in Loma Linda, CA. In Loma Linda, CA, the median house price is $291,600, making the price 29% lower than that the average for California. Therefore, the affordability of Loma Linda, CA area real estate is more affordable than the real estate in other areas of California. In addition, Loma Linda, CA has a median rent price of $1,136; this price is 12% lower than that the average rental price for California. 32.9% of residents in Loma Linda, CA are homeowners, and the average amount of people who reside in each home is 2.7. Loma Linda, 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 Loma Linda, CA real estate for sale.

Loma Linda Home Affordability

When looking for real estate in Loma Linda, 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 Loma Linda, CA, the median price of a home is $291,600 and $51,390 is the median household income. This means that the home price to income ratio is 5.7x, a ratio that is 12% 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 Loma Linda, 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 Loma Linda, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Muscoy, CA	13,025	$167,000	10%
Calimesa, CA	8,379	$168,700	9%
San Bernardino, CA	214,581	$176,800	4%
Running Springs, CA	4,624	$188,200	2%
Colton, CA	53,856	$189,500	3%
Loma Linda, CA	23,859	$291,600	58%

Cities with similar population

City, State	Population	Home Price	National Avg.
Fountain Hills, AZ	23,863	$361,000	95%
Keystone, FL	23,850	$352,200	91%
Derby, KS	23,847	$156,900	15%
Cottage Lake, WA	23,845	$624,900	238%
Watertown, WI	23,878	$146,700	21%
Loma Linda, CA	23,859	$291,600	58%

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