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 | La Habra | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,189 | $642,203 | $242,182 |
| Price Trend (Annual %) | 5.7% | 10.0% | 8.2% |
| Median Gross Rent | $2,039 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.0% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in La Habra is about 83% lower than in California. Rent is about 4% higher 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 La Habra, up about 5.7% and 6.0% a year respectively. Rent is changing faster.
Median rent in La Habra rose about 52.8% between 2015 and 2023, from $1,335 to $2,039. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in La Habra.
Buying the median-priced home in La Habra costs roughly 4.6 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 La Habra. The price-to-rent ratio in California is about 27.4.
| Metric | La Habra | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,189 | $642,203 | $242,182 |
| Median Household Income | $100,332 | $96,718 | $78,145 |
| Price-to-Income Ratio | 1.1 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in La Habra fell about 70.8%, while median household income rose about 60.2% 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 | La Habra | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.1% | 51.6% | 58.2% |
| Rental Rate | 40.0% | 40.9% | 31.3% |
| Vacancy Rate | 2.8% | 7.6% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
La Habra has a homeownership rate of 57.1%, higher than the California average of 51.6%. Its housing vacancy rate is 2.8%, compared with 7.6% in California.
Housing Stock
| Metric | La Habra | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.02 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1968 | 1975 | 1978 |
| Median Number of Rooms | 4.9 | 5.0 | 5.5 |
The typical housing unit in La Habra was built around 1968. On average, 3.0 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 La Habra, California.
What is the median home price in La Habra, California?
The median home price in La Habra, California is $112,189, lower than the California average of $642,203.
What is the average home price in La Habra, 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 La Habra, California?
The median gross rent in La Habra, California is $2,039 per month, higher than the California average of $1,955.
What was the median gross rent in La Habra in 2020?
In 2020, the median gross rent in La Habra, California was $1,633 per month.
What is the price-to-rent ratio in La Habra, California?
The price-to-rent ratio in La Habra, California is about 4.6, meaning it would take roughly 4.6 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 La Habra.
Are home prices or rent rising faster in La Habra, California?
Both home prices and rent are rising in La Habra, up about 5.7% and 6.0% a year respectively. Rent is changing faster.
What is the homeownership rate in La Habra, California?
57.1% of households in La Habra, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in La Habra, California?
The housing vacancy rate in La Habra, California is 2.8%, lower than the California average of 7.6%.