Pico Rivera, California Real Estate & Housing Market

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Pico Rivera Housing Information

Index	Pico Rivera	California	National
Median home price	$351,300	$409,300	$184,700
Median rent asked	$1,229	$1,297	$949
Avg. people per household	3.7	3.0	2.6
Owner occupied households	66.9%	54.1%	63.6%
Renter occupied households	33.1%	45.9%	36.4%

Above, you will see a summary of real estate in Pico Rivera, CA. On average, homes in Pico Rivera, CA cost $351,300, a value that is 14% lower than the average in California. In general terms, this results in Pico Rivera, CA real estate being more affordable than California real estate. On average, people who rent houses in Pico Rivera, CA pay $1,229; this value is 5% lower than the average amount renters pay in California. 66.9% of Pico Rivera, CA residents own their own homes and, on average, each of the homes has 3.7 occupants. Pico Rivera, 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 Pico Rivera, 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.

Pico Rivera Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Pico Rivera, CA. To estimate home affordability, one method is to use the ratio of home price to median household income. The Pico Rivera, CA’s median home price stands at $351,300 while $57,203 is the value of the average household income. The resulting home price to income ratio, which is 6.1x, differs from the California average as the ratio is 4% lower 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 Pico Rivera, 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 Pico Rivera, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
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%
Paramount, CA	54,941	$283,400	53%
Pico Rivera, CA	63,724	$351,300	90%

Cities with similar population

City, State	Population	Home Price	National Avg.
Lorain, OH	63,714	$85,700	54%
Tamarac, FL	63,747	$127,700	31%
Carmichael, CA	63,631	$309,300	67%
Lodi, CA	63,842	$252,900	37%
Janesville, WI	63,880	$129,300	30%
Pico Rivera, CA	63,724	$351,300	90%

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