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 | Bellflower | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $573,478 | $642,203 | $242,182 |
| Price Trend (Annual %) | 4.7% | 10.0% | 8.2% |
| Median Gross Rent | $1,770 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.8% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bellflower is about 11% lower than in California. Rent is about 9% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Bellflower, up about 4.7% and 5.8% a year respectively. Rent is changing faster.
Median rent in Bellflower rose about 49.5% between 2015 and 2023, from $1,184 to $1,770. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 7.4 yearly household incomes in Bellflower.
Buying the median-priced home in Bellflower costs roughly 27.0 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 Bellflower. The price-to-rent ratio in California is about 27.4.
| Metric | Bellflower | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $573,478 | $642,203 | $242,182 |
| Median Household Income | $77,392 | $96,718 | $78,145 |
| Price-to-Income Ratio | 7.4 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bellflower rose about 69.9%, while median household income rose about 53.3% between 2009 and 2023 — 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 | Bellflower | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 36.8% | 51.6% | 58.2% |
| Rental Rate | 59.8% | 40.9% | 31.3% |
| Vacancy Rate | 3.4% | 7.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Bellflower has a homeownership rate of 36.8%, lower than the California average of 51.6%. Its housing vacancy rate is 3.4%, compared with 7.6% in California.
Housing Stock
| Metric | Bellflower | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.23 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1968 | 1975 | 1978 |
| Median Number of Rooms | 4.3 | 5.0 | 5.5 |
The typical housing unit in Bellflower was built around 1968. On average, 3.2 people live in a home with about 4.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bellflower, California.
What is the median home price in Bellflower, California?
The median home price in Bellflower, California is $573,478, lower than the California average of $642,203.
What is the average home price in Bellflower, 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 Bellflower, California?
The median gross rent in Bellflower, California is $1,770 per month, lower than the California average of $1,955.
What was the median gross rent in Bellflower in 2020?
In 2020, the median gross rent in Bellflower, California was $1,431 per month.
What is the price-to-rent ratio in Bellflower, California?
The price-to-rent ratio in Bellflower, California is about 27.0, meaning it would take roughly 27.0 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 Bellflower.
Are home prices or rent rising faster in Bellflower, California?
Both home prices and rent are rising in Bellflower, up about 4.7% and 5.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Bellflower, California?
36.8% of households in Bellflower, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Bellflower, California?
The housing vacancy rate in Bellflower, California is 3.4%, lower than the California average of 7.6%.