California: how much does a house cost on average in 2024? The number increased

Becoming a homeowner in California is becoming more complicated. The real estate market continues to transform and, Due to the high demand and low availability of properties, the numbers do not stop growing, even setting a record with an increase of more than 10 percent.

Of course, there are states where the situation is even more serious. California is one of them, well It is estimated that housing prices have skyrocketed significantly, exceeding US$990,000 for the first time.according to information released by the media Telemundo.

Throughout the state, property prices have registered significant increases. It is estimated that the general increase has been at least 5 percent, compared to March 2023. However, if the figures for April of last year are analyzed, the increase has been 11.4 percent.

Residents reported that the general price of houses is very high. But not only that, also mortgage rates, which is why, An average American family would not be able to own property in the Golden State, since they would need around US$7,000 of their income to pay the mortgage.

Telemundo interviewed people interested in living in California, one of them was Martha González, who is looking for a property in the state and assured that, With what used to be able to buy a mansion, now there are only three bedrooms and two bathrooms. “It’s very expensive.”

It should be noted that this phenomenon does not happen only in California, Across the United States, Property Values ​​Have Reached Higher Values last April.

Places in the United States with the cheapest houses

Of the fifty states and the district of Colombia, California requires the highest annual salary to buy a homearound US$197,057 a year.

If you don’t have the opportunity to buy a home in California, don’t worry, There are states where it is possible to own a property if you earn US$75,000 annually. This is the list and average prices.