Taft, California Real Estate & Housing Market

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Taft Housing Information

Index	Taft	California	National
Median home price	$150,700	$409,300	$184,700
Median rent asked	$709	$1,297	$949
Avg. people per household	2.7	3.0	2.6
Owner occupied households	58.6%	54.1%	63.6%
Renter occupied households	41.4%	45.9%	36.4%

The above shows an overview of the real estate market in Taft, CA. Note how the median home price for Taft, CA runs $150,700, which is 63% lower than the average property price for California. So you’re going to get real estate in Taft, CA that is on-average more affordable than what you’ll find in the rest of California. As for rent, the median for Taft, CA runs $709, which is comparatively 45% lower than the average rent for California. For Taft, CA, about 58.6% of the population consist of home owners with about 2.7 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Taft, CA offers a wide variety of real estate. To find your perfect home in Taft, CA, filter your choice by price, location, and number of beds and baths using the search area above.

Taft Home Affordability

When deciding where to purchase Taft, CA real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Taft, CA the median home price is $150,700 and $49,844 is the median household income. As a result, the home price to income ratio in Taft, CA is 3.0x, which is 53% lower than the California average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Taft, CA the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Taft, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Cuyama, CA	80	$0	100%
Fellows, CA	76	$41,700	77%
McKittrick, CA	121	$46,700	75%
Maricopa, CA	1,115	$56,100	70%
Tupman, CA	216	$63,000	66%
Taft, CA	9,128	$150,700	18%

Cities with similar population

City, State	Population	Home Price	National Avg.
Box Elder, SD	9,126	$138,400	25%
Shawano, WI	9,130	$102,200	45%
Audubon, PA	9,125	$336,100	82%
Stuttgart, AR	9,125	$81,700	56%
Oakville, CT	9,133	$196,600	6%
Taft, CA	9,128	$150,700	18%

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