According to statistics, the population in Cerritos, CA amounts to 50,145, which shows decline 1% compared to the previous year. The median age of the city’s residents is 46. The average household income is $98,953, shifting growth 4% from the past year, and the average property value in Cerritos, CA growth 3% to $638,600 throughout the year.
|Number Of Employees||22,710|
|Median Property Value||$638,600|
The average household income in Cerritos, CA grew from $95,373 to $98,953 in the past year. This data is an estimate based upon 15,541 households in Cerritos, CA . The chart below presents how household income is distributed in Cerritos, CA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Cerritos, CA shifted from $620,500 to $638,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Cerritos, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Cerritos, CA properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Cerritos, CA compared to median property taxes around the country. The prevalent amount of property taxes in Cerritos, CA equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$1,049,000||-28.9%|
|1 bed for sale||$459,888||+0.7%|
|2 bed for sale||$554,000||-0.9%|
|3 bed for sale||$844,439||-1.8%|
|4+ bed for sale||$1,316,928||+12.5%|
During Jul 2022, the average price for an apartment in/near Cerritos, CA increased by 16.7% to $1,072,748.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 0.7% to $459,888. Asking price for 2-bed apartment also decreased by 0.9% and a place of this size will now cost you $554,000. A 3-bed apartment goes for $844,439, it decreased by 1.8% lately. We discerned the rise of 4- and more bed apartment price. It increased by 12.5% and made it up to $1,316,928.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$651,357||-9%|
|Condos for sale||$634,110||+5%|
|Houses for sale||$1,176,807||+6.7%|
|Land for sale||$2,400,000||N/A|
Price reports demonstrate that house price increased by 6.7% this month making it up to $1,176,807. Condos are really in demand in this season. The median price for a condo increased by 5%, it’s now available for $634,110. The property value of townhouses decreased by 9%, you’ll have to spend around $651,357 to get one.