Marina del Rey, California Real Estate & Housing Market

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Marina del Rey Housing Information

Index	Marina del Rey	California	National
Median home price	$495,900	$409,300	$184,700
Median rent asked	$2,575	$1,297	$949
Avg. people per household	1.7	3.0	2.6
Owner occupied households	5.3%	54.1%	63.6%
Renter occupied households	94.7%	45.9%	36.4%

A general overview of the Marina del Rey, CA real estate market is displayed above. The median home price for homes in Marina del Rey, CA is $495,900, which is 21% higher than the California average. This means that real estate in the Marina del Rey, CA area is generally less affordable than the rest of California. The median rent price in Marina del Rey, CA is $2,575 which is 99% higher than the California average. In Marina del Rey, CA, 5.3% of people are home owners and an average of 1.7 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Marina del Rey, CA. We make it easy to find Marina del Rey, CA real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Marina del Rey Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Marina del Rey, CA. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Marina del Rey, CA is $495,900 and the median household income is $100,442. This results in a home price to income ratio of 4.9x, which is 23% lower than the California average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Marina del Rey, CA are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Marina del Rey, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Westside, CA	269	$0	100%
Willowbrook, CA	22,035	$246,800	34%
Compton, CA	97,740	$264,300	43%
Florence-Graham, CA	63,390	$267,800	45%
East Rancho Dominguez, CA	15,887	$277,800	50%
Marina del Rey, CA	9,782	$495,900	168%

Cities with similar population

City, State	Population	Home Price	National Avg.
Elon, NC	9,781	$236,500	28%
Valley Center, CA	9,783	$462,700	151%
Wapakoneta, OH	9,786	$104,100	44%
Cody, WY	9,776	$207,900	13%
Waynesville, NC	9,788	$159,900	13%
Marina del Rey, CA	9,782	$495,900	168%

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