Altadena, California Housing Market Prices
Altadena 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 75% above the California median$1,139,817
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Median rent 18% above the California median$2,404
Housing Market Overview
| Metric | Altadena | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,139,817 | $650,794 | $248,835 |
| Price Trend (Annual %) | 4.6% | 8.9% | 7.5% |
| Median Gross Rent | $2,404 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 6.8% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Altadena is about 75% higher than in California. Rent is about 18% higher 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 Altadena, up about 4.6% and 6.8% a year respectively. Rent is changing faster.
Median rent in Altadena rose about 70.7% between 2015 and 2024, from $1,409 to $2,404. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 8.7 yearly household incomes in Altadena.
Buying the median-priced home in Altadena costs roughly 39.5 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 Altadena. The price-to-rent ratio in California is about 26.6.
| Metric | Altadena | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,139,817 | $650,794 | $248,835 |
| Median Household Income | $130,436 | $99,161 | $80,455 |
| Price-to-Income Ratio | 8.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Altadena rose about 199.9%, while median household income rose about 53.1% 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 | Altadena | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.0% | 51.7% | 58.5% |
| Rental Rate | 21.8% | 40.8% | 31.2% |
| Vacancy Rate | 4.2% | 7.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Altadena has a homeownership rate of 74.0%, higher than the California average of 51.7%. Its housing vacancy rate is 4.2%, compared with 7.5% in California.
Housing Stock
| Metric | Altadena | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1945 | 1975 | 1978 |
| Median Number of Rooms | 5.7 | 5.0 | 5.5 |
The typical housing unit in Altadena was built around 1945. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
Altadena, CA Housing Compared With Nearby Cities
How Altadena, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Altadena, CA | 39,664 | $1,139,817 #1/2 | $2,404 #1/2 | 77.3% #1/2 |
| Pasadena, CA | 138,535 | $365,686 | $2,260 | 42.8% |
Frequently Asked Questions
Common questions about the housing market in Altadena, California.
What is the median home price in Altadena, California?
The median home price in Altadena, California is $1,139,817, higher than the California average of $650,794.
What is the average home price in Altadena, California?
The typical home price in Altadena, California, reported as the median sale price, is $1,139,817. 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 Altadena, California?
The median gross rent in Altadena, California is $2,404 per month, higher than the California average of $2,036.
What was the median gross rent in Altadena in 2020?
In 2020, the median gross rent in Altadena, California was $1,812 per month.
What is the price-to-rent ratio in Altadena, California?
The price-to-rent ratio in Altadena, California is about 39.5, meaning it would take roughly 39.5 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 Altadena.
Are home prices or rent rising faster in Altadena, California?
Both home prices and rent are rising in Altadena, up about 4.6% and 6.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Altadena, California?
74.0% of households in Altadena, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Altadena, California?
The housing vacancy rate in Altadena, California is 4.2%, lower than the California average of 7.5%.
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