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 | Huntington Park | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,000 | $642,203 | $242,182 |
| Price Trend (Annual %) | 2.9% | 10.0% | 8.2% |
| Median Gross Rent | $1,439 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.0% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Huntington Park is about 46% lower than in California. Rent is about 26% 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 Huntington Park, up about 2.9% and 6.0% a year respectively. Rent is changing faster.
Median rent in Huntington Park rose about 52.9% between 2015 and 2023, from $941 to $1,439. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 6.2 yearly household incomes in Huntington Park.
Buying the median-priced home in Huntington Park costs roughly 20.3 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 Huntington Park. The price-to-rent ratio in California is about 27.4.
| Metric | Huntington Park | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,000 | $642,203 | $242,182 |
| Median Household Income | $56,824 | $96,718 | $78,145 |
| Price-to-Income Ratio | 6.2 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Huntington Park rose about 15.2%, while median household income rose about 61.1% 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 | Huntington Park | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 23.6% | 51.6% | 58.2% |
| Rental Rate | 73.3% | 40.9% | 31.3% |
| Vacancy Rate | 3.1% | 7.6% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Huntington Park has a homeownership rate of 23.6%, lower than the California average of 51.6%. Its housing vacancy rate is 3.1%, compared with 7.6% in California.
Housing Stock
| Metric | Huntington Park | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.74 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1955 | 1975 | 1978 |
| Median Number of Rooms | 3.9 | 5.0 | 5.5 |
The typical housing unit in Huntington Park was built around 1955. On average, 3.7 people live in a home with about 3.9 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Huntington Park, California.
What is the median home price in Huntington Park, California?
The median home price in Huntington Park, California is $350,000, lower than the California average of $642,203.
What is the average home price in Huntington Park, 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 Huntington Park, California?
The median gross rent in Huntington Park, California is $1,439 per month, lower than the California average of $1,955.
What was the median gross rent in Huntington Park in 2020?
In 2020, the median gross rent in Huntington Park, California was $1,142 per month.
What is the price-to-rent ratio in Huntington Park, California?
The price-to-rent ratio in Huntington Park, California is about 20.3, meaning it would take roughly 20.3 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 Huntington Park.
Are home prices or rent rising faster in Huntington Park, California?
Both home prices and rent are rising in Huntington Park, up about 2.9% and 6.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Huntington Park, California?
23.6% of households in Huntington Park, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Huntington Park, California?
The housing vacancy rate in Huntington Park, California is 3.1%, lower than the California average of 7.6%.