Pico Rivera, California Housing Market Prices
Pico Rivera Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 2% above the California median$662,763
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Median rent 12% below the California median$1,788
Housing Market Overview
| Metric | Pico Rivera | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $662,763 | $650,794 | $248,835 |
| Price Trend (Annual %) | 8.3% | 8.9% | 7.5% |
| Median Gross Rent | $1,788 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pico Rivera is about 2% higher than in California. Rent is about 12% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Pico Rivera, up about 8.3% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Pico Rivera rose about 47.1% between 2015 and 2024, from $1,216 to $1,788. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 7.5 yearly household incomes in Pico Rivera.
Buying the median-priced home in Pico Rivera costs roughly 30.9 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 Pico Rivera. The price-to-rent ratio in California is about 26.6.
| Metric | Pico Rivera | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $662,763 | $650,794 | $248,835 |
| Median Household Income | $88,509 | $99,161 | $80,455 |
| Price-to-Income Ratio | 7.5 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pico Rivera rose about 79.8%, while median household income rose about 42.0% between 2009 and 2025 — 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 | Pico Rivera | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.0% | 51.7% | 58.5% |
| Rental Rate | 28.3% | 40.8% | 31.2% |
| Vacancy Rate | 2.7% | 7.5% | 10.2% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Pico Rivera has a homeownership rate of 69.0%, higher than the California average of 51.7%. Its housing vacancy rate is 2.7%, compared with 7.5% in California.
Housing Stock
| Metric | Pico Rivera | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.54 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1959 | 1975 | 1978 |
| Median Number of Rooms | 5.0 | 5.0 | 5.5 |
The typical housing unit in Pico Rivera was built around 1959. On average, 3.5 people live in a home with about 5.0 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pico Rivera, California.
What is the median home price in Pico Rivera, California?
The median home price in Pico Rivera, California is $662,763, higher than the California average of $650,794.
What is the average home price in Pico Rivera, California?
The typical home price in Pico Rivera, California, reported as the median sale price, is $662,763. 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 Pico Rivera, California?
The median gross rent in Pico Rivera, California is $1,788 per month, lower than the California average of $2,036.
What was the median gross rent in Pico Rivera in 2020?
In 2020, the median gross rent in Pico Rivera, California was $1,392 per month.
What is the price-to-rent ratio in Pico Rivera, California?
The price-to-rent ratio in Pico Rivera, California is about 30.9, meaning it would take roughly 30.9 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 Pico Rivera.
Are home prices or rent rising faster in Pico Rivera, California?
Both home prices and rent are rising in Pico Rivera, up about 8.3% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pico Rivera, California?
69.0% of households in Pico Rivera, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Pico Rivera, California?
The housing vacancy rate in Pico Rivera, California is 2.7%, lower than the California average of 7.5%.
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