Alhambra, California Housing Market Prices
Alhambra Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 29% above the California median$838,163
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Median rent 5% below the California median$1,938
Housing Market Overview
| Metric | Alhambra | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $838,163 | $650,794 | $248,835 |
| Price Trend (Annual %) | 5.1% | 8.9% | 7.5% |
| Median Gross Rent | $1,938 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alhambra is about 29% higher than in California. Rent is about 5% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Alhambra, up about 5.1% and 5.8% a year respectively. Rent is changing faster.
Median rent in Alhambra rose about 60.3% between 2015 and 2024, from $1,209 to $1,938. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 9.4 yearly household incomes in Alhambra.
Buying the median-priced home in Alhambra costs roughly 36.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Alhambra. The price-to-rent ratio in California is about 26.6.
| Metric | Alhambra | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $838,163 | $650,794 | $248,835 |
| Median Household Income | $88,732 | $99,161 | $80,455 |
| Price-to-Income Ratio | 9.4 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Alhambra rose about 69.0%, while median household income rose about 58.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Alhambra | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 38.1% | 51.7% | 58.5% |
| Rental Rate | 54.8% | 40.8% | 31.2% |
| Vacancy Rate | 7.1% | 7.5% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Alhambra has a homeownership rate of 38.1%, lower than the California average of 51.7%. Its housing vacancy rate is 7.1%, compared with 7.5% in California.
Housing Stock
| Metric | Alhambra | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1961 | 1975 | 1978 |
| Median Number of Rooms | 4.3 | 5.0 | 5.5 |
The typical housing unit in Alhambra was built around 1961. On average, 2.6 people live in a home with about 4.3 rooms, staying for about 14.0 years on average.
Alhambra, CA Housing Compared With Nearby Cities
How Alhambra, CA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Alhambra, CA | 80,973 | $838,163 #2/3 | $1,938 #1/3 | 41.0% #3/3 |
| Monterey Park, CA | 59,749 | $859,536 | $1,857 | 51.0% |
| San Gabriel, CA | 40,046 | $619,953 | $1,909 | 50.4% |
Frequently Asked Questions
Common questions about the housing market in Alhambra, California.
What is the median home price in Alhambra, California?
The median home price in Alhambra, California is $838,163, higher than the California average of $650,794.
What is the average home price in Alhambra, California?
The typical home price in Alhambra, California, reported as the median sale price, is $838,163. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Alhambra, California?
The median gross rent in Alhambra, California is $1,938 per month, lower than the California average of $2,036.
What was the median gross rent in Alhambra in 2020?
In 2020, the median gross rent in Alhambra, California was $1,494 per month.
What is the price-to-rent ratio in Alhambra, California?
The price-to-rent ratio in Alhambra, California is about 36.0, meaning it would take roughly 36.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Alhambra.
Are home prices or rent rising faster in Alhambra, California?
Both home prices and rent are rising in Alhambra, up about 5.1% and 5.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Alhambra, California?
38.1% of households in Alhambra, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Alhambra, California?
The housing vacancy rate in Alhambra, California is 7.1%, lower than the California average of 7.5%.
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