Arizona vs California

Housing Comparison

Arizona

California

How Arizona and California compare on housing: median housing value, median gross rent, median monthly owner costs with mortgage, and more.

Overview

Key differences

Median Housing Value

Arizona has lower median home values than California by $366,300.

Median Gross Rent

Arizona has lower median rent than California by $545.

Median Monthly Owner Costs With Mortgage

Arizona has lower owner costs with a mortgage than California by $1,108.

Owner Costs Without Mortgage

Arizona has lower owner costs without a mortgage than California by $322.

Homeownership Rate

Arizona has a higher homeownership rate than California.

Home Value to Income Ratio

Arizona has a lower home value to income ratio than California.

Metric	AZ	CA	Deep dive
Median Housing Value Median residential home value in U.S. dollars.	$327,400	$693,700	Details ->
Median Gross Rent Median gross monthly rent in U.S. dollars.	$1,311/mo	$1,856/mo	Details ->
Median Monthly Owner Costs With Mortgage Median selected monthly owner costs for households with a mortgage (ACS 2024 1-year estimates, table B25088).	$1,893/mo	$3,001/mo	Details ->
Owner Costs Without Mortgage Median selected monthly owner costs for households without a mortgage (ACS 2024 1-year estimates, table B25088).	$560/mo	$882/mo	Details ->
Homeownership Rate Share of occupied housing units that are owner-occupied.	65.5%	55.8%	Details ->
Home Value to Income Ratio Median home value divided by median household income.	4.51x	8.25x	Details ->
Rent to Income Ratio Annualized median gross rent as a share of median household income.	21.7%	26.5%	Details ->
Owner Costs to Income Median selected monthly owner costs as a percentage of household income (ACS 2023).	16.6%	21.0%	Details ->
Home Insurance Cost Average annual home insurance premium for $250,000 in dwelling coverage (MoneyGeek 2026).	$2,605/yr	$1,348/yr	Details ->