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 | Calexico | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,999 | $642,203 | $242,182 |
| Price Trend (Annual %) | 2.5% | 10.0% | 8.2% |
| Median Gross Rent | $996 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 3.1% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Calexico is about 62% lower than in California. Rent is about 49% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2020
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Calexico, up about 2.5% and 3.1% a year respectively. Rent is changing faster.
Median rent in Calexico rose about 26.9% between 2015 and 2023, from $785 to $996. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Calexico.
Buying the median-priced home in Calexico costs roughly 20.5 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 Calexico. The price-to-rent ratio in California is about 27.4.
| Metric | Calexico | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,999 | $642,203 | $242,182 |
| Median Household Income | $44,041 | $96,718 | $78,145 |
| Price-to-Income Ratio | 5.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2020, the median home price in Calexico rose about 78.2%, while median household income rose about 36.7% 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 | Calexico | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 38.3% | 51.6% | 58.2% |
| Rental Rate | 46.0% | 40.9% | 31.3% |
| Vacancy Rate | 15.7% | 7.6% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Calexico has a homeownership rate of 38.3%, lower than the California average of 51.6%. Its housing vacancy rate is 15.7%, compared with 7.6% in California.
Housing Stock
| Metric | Calexico | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.69 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1986 | 1975 | 1978 |
| Median Number of Rooms | 4.9 | 5.0 | 5.5 |
The typical housing unit in Calexico was built around 1986. On average, 3.7 people live in a home with about 4.9 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Calexico, California.
What is the median home price in Calexico, California?
The median home price in Calexico, California is $244,999, lower than the California average of $642,203.
What is the average home price in Calexico, 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 Calexico, California?
The median gross rent in Calexico, California is $996 per month, lower than the California average of $1,955.
What was the median gross rent in Calexico in 2020?
In 2020, the median gross rent in Calexico, California was $905 per month.
What is the price-to-rent ratio in Calexico, California?
The price-to-rent ratio in Calexico, California is about 20.5, meaning it would take roughly 20.5 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 Calexico.
Are home prices or rent rising faster in Calexico, California?
Both home prices and rent are rising in Calexico, up about 2.5% and 3.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Calexico, California?
38.3% of households in Calexico, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Calexico, California?
The housing vacancy rate in Calexico, California is 15.7%, higher than the California average of 7.6%.