South Gate, California Housing Market Prices
South Gate 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 4% below the California median$625,000
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Median rent 25% below the California median$1,530
Housing Market Overview
| Metric | South Gate | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $650,794 | $248,835 |
| Price Trend (Annual %) | 12.6% | 8.9% | 7.5% |
| Median Gross Rent | $1,530 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in South Gate is about 4% lower than in California. Rent is about 25% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in South Gate, up about 12.6% and 5.3% a year respectively. Home prices are changing faster.
Median rent in South Gate rose about 53.3% between 2015 and 2024, from $998 to $1,530. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 8.4 yearly household incomes in South Gate.
Buying the median-priced home in South Gate costs roughly 34.0 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 South Gate. The price-to-rent ratio in California is about 26.6.
| Metric | South Gate | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $650,794 | $248,835 |
| Median Household Income | $74,287 | $99,161 | $80,455 |
| Price-to-Income Ratio | 8.4 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in South Gate rose about 158.3%, while median household income rose about 59.5% 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 | South Gate | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.2% | 51.7% | 58.5% |
| Rental Rate | 53.8% | 40.8% | 31.2% |
| Vacancy Rate | 2.0% | 7.5% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
South Gate has a homeownership rate of 44.2%, lower than the California average of 51.7%. Its housing vacancy rate is 2.0%, compared with 7.5% in California.
Housing Stock
| Metric | South Gate | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.63 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1953 | 1975 | 1978 |
| Median Number of Rooms | 4.3 | 5.0 | 5.5 |
The typical housing unit in South Gate was built around 1953. On average, 3.6 people live in a home with about 4.3 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in South Gate, California.
What is the median home price in South Gate, California?
The median home price in South Gate, California is $625,000, lower than the California average of $650,794.
What is the average home price in South Gate, California?
The typical home price in South Gate, California, reported as the median sale price, is $625,000. 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 South Gate, California?
The median gross rent in South Gate, California is $1,530 per month, lower than the California average of $2,036.
What was the median gross rent in South Gate in 2020?
In 2020, the median gross rent in South Gate, California was $1,210 per month.
What is the price-to-rent ratio in South Gate, California?
The price-to-rent ratio in South Gate, California is about 34.0, meaning it would take roughly 34.0 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 South Gate.
Are home prices or rent rising faster in South Gate, California?
Both home prices and rent are rising in South Gate, up about 12.6% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in South Gate, California?
44.2% of households in South Gate, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in South Gate, California?
The housing vacancy rate in South Gate, California is 2.0%, lower than the California average of 7.5%.
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