Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Bell Gardens | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $37,500 | $642,203 | $242,182 |
| Price Trend (Annual %) | -21.6% | 10.0% | 8.2% |
| Median Gross Rent | $1,658 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.5% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bell Gardens is about 94% lower than in California. Rent is about 15% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Bell Gardens: home prices fell about 21.6% a year while rent rose about 5.5% a year. That is an unusual pattern worth watching.
Median rent in Bell Gardens rose about 47.3% between 2015 and 2023, from $1,126 to $1,658. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Bell Gardens.
Buying the median-priced home in Bell Gardens costs roughly 1.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bell Gardens. The price-to-rent ratio in California is about 27.4.
| Metric | Bell Gardens | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $37,500 | $642,203 | $242,182 |
| Median Household Income | $55,525 | $96,718 | $78,145 |
| Price-to-Income Ratio | 0.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Bell Gardens fell about 88.8%, while median household income rose about 42.6% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bell Gardens | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 20.8% | 51.6% | 58.2% |
| Rental Rate | 77.1% | 40.9% | 31.3% |
| Vacancy Rate | 2.1% | 7.6% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Bell Gardens has a homeownership rate of 20.8%, lower than the California average of 51.6%. Its housing vacancy rate is 2.1%, compared with 7.6% in California.
Housing Stock
| Metric | Bell Gardens | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.91 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1962 | 1975 | 1978 |
| Median Number of Rooms | 4.2 | 5.0 | 5.5 |
The typical housing unit in Bell Gardens was built around 1962. On average, 3.9 people live in a home with about 4.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bell Gardens, California.
What is the median home price in Bell Gardens, California?
The median home price in Bell Gardens, California is $37,500, lower than the California average of $642,203.
What is the average home price in Bell Gardens, California?
The typical home price in %s, reported as the median sale price, is %s. 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 Bell Gardens, California?
The median gross rent in Bell Gardens, California is $1,658 per month, lower than the California average of $1,955.
What was the median gross rent in Bell Gardens in 2020?
In 2020, the median gross rent in Bell Gardens, California was $1,296 per month.
What is the price-to-rent ratio in Bell Gardens, California?
The price-to-rent ratio in Bell Gardens, California is about 1.9, meaning it would take roughly 1.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bell Gardens.
Are home prices or rent rising faster in Bell Gardens, California?
Home prices and rent are moving in opposite directions in Bell Gardens: home prices fell about 21.6% a year while rent rose about 5.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Bell Gardens, California?
20.8% of households in Bell Gardens, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Bell Gardens, California?
The housing vacancy rate in Bell Gardens, California is 2.1%, lower than the California average of 7.6%.