California Real Estate
According to census data in the year 2000 there were 12,214,549 housing units in California.
This represents a 9.2% from 11,182,882 in 1990.
Of those housing units, 11,389,556 were located in either urbanized areas or urban clusters, and 824,993 were located in what is classified as a rural area.
Homeownership rate in California is about 56.9%.
California's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.87 people.
The majority of houses, apartments or condos in California were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 7.1% |
| One Bedroom | 18.1% |
| Two Bedrooms | 28.2% |
| Three Bedrooms | 30.5% |
| Four Bedrooms | 13.4% |
| Five Bedrooms or more | 2.7% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.95 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $211,500 |
| Median Price asked for vacant units | $151,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.78 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $621 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 11.8% |
| Home Equity Loan | 7.7% |
| Simple Mortgage | 59.2% |
| Debt Free | 21.0% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.5% |
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