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 | Maywood | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $419,067 | $642,203 | $242,182 |
| Price Trend (Annual %) | -1.4% | 10.0% | 8.2% |
| Median Gross Rent | $1,465 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.0% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Maywood is about 35% lower than in California. Rent is about 25% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2017-2022
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Maywood: home prices fell about 1.4% a year while rent rose about 6.0% a year. That is an unusual pattern worth watching.
Median rent in Maywood rose about 50.0% between 2015 and 2023, from $976 to $1,465. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 6.7 yearly household incomes in Maywood.
Buying the median-priced home in Maywood costs roughly 23.8 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 Maywood. The price-to-rent ratio in California is about 27.4.
| Metric | Maywood | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $419,067 | $642,203 | $242,182 |
| Median Household Income | $62,390 | $96,718 | $78,145 |
| Price-to-Income Ratio | 6.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2017 and 2022, the median home price in Maywood fell about 6.9%, while median household income rose about 65.4% 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 | Maywood | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 29.4% | 51.6% | 58.2% |
| Rental Rate | 68.9% | 40.9% | 31.3% |
| Vacancy Rate | 1.7% | 7.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Maywood has a homeownership rate of 29.4%, lower than the California average of 51.6%. Its housing vacancy rate is 1.7%, compared with 7.6% in California.
Housing Stock
| Metric | Maywood | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.85 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1953 | 1975 | 1978 |
| Median Number of Rooms | 4.1 | 5.0 | 5.5 |
The typical housing unit in Maywood was built around 1953. On average, 3.8 people live in a home with about 4.1 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Maywood, California.
What is the median home price in Maywood, California?
The median home price in Maywood, California is $419,067, lower than the California average of $642,203.
What is the average home price in Maywood, 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 Maywood, California?
The median gross rent in Maywood, California is $1,465 per month, lower than the California average of $1,955.
What was the median gross rent in Maywood in 2020?
In 2020, the median gross rent in Maywood, California was $1,153 per month.
What is the price-to-rent ratio in Maywood, California?
The price-to-rent ratio in Maywood, California is about 23.8, meaning it would take roughly 23.8 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 Maywood.
Are home prices or rent rising faster in Maywood, California?
Home prices and rent are moving in opposite directions in Maywood: home prices fell about 1.4% a year while rent rose about 6.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Maywood, California?
29.4% of households in Maywood, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Maywood, California?
The housing vacancy rate in Maywood, California is 1.7%, lower than the California average of 7.6%.