Housing Comparison
California
Texas
How California and Texas compare on housing: median housing value, median gross rent, median monthly owner costs with mortgage, and more.
Overview
Key differences
Median Housing Value
Texas has lower median home values than California by $399,300.
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Median Gross Rent
Texas has lower median rent than California by $624.
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Median Monthly Owner Costs With Mortgage
Texas has lower owner costs with a mortgage than California by $790.
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Owner Costs Without Mortgage
Texas has lower owner costs without a mortgage than California by $179.
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Homeownership Rate
Texas has a higher homeownership rate than California.
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Home Value to Income Ratio
Texas has a lower home value to income ratio than California.
View detailed comparisonFull Housing Breakdown
| Metric |
CA
|
TX
|
|---|---|---|
|
Median Housing Value
|
$693,700
|
$294,400
|
|
Median Gross Rent
|
$1,856/mo
|
$1,232/mo
|
|
Median Monthly Owner Costs With Mortgage
|
$3,001/mo
|
$2,211/mo
|
|
Owner Costs Without Mortgage
|
$882/mo
|
$703/mo
|
|
Homeownership Rate
|
55.8%
|
62.6%
|
|
Home Value to Income Ratio
|
8.25x
|
4.40x
|
|
Rent to Income Ratio
|
26.5%
|
22.1%
|
|
Owner Costs to Income
|
21.0%
|
18.0%
|
|
Home Insurance Cost
|
$1,348/yr
|
$6,854/yr
|