The Golden State has one of the best housing markets in the nation, and many of the biggest apartment complexes in the country.
There are some very desirable, walkable neighborhoods in Santa Cruz, and the city has the most attractive median income in the US, according to a 2016 study.
But the real estate market is not perfect, especially for apartments in the state.
The median rent for a three-bedroom apartment in Santa Clara County in 2016 was $1,965, and that number increased to $1.2 million in 2019, according the Bay Area Condo Council.
The county is also one of California’s poorest counties, and rents are still high, especially when compared to the national average of $1 a square foot.
In some cities, including San Francisco and Berkeley, the median price of a single-family home has risen by a median of 50% over the past five years, according Rent.com.
The average price for a single family home in Santa Barbara County increased from $1 million in 2016 to $2.3 million in 2017, according Housing Price Index data.
Some apartments in California are also a bit more expensive than they should be.
According to a report from the San Francisco Chronicle, Santa Clara and Orange counties have among the highest median rents in the U.S. For example, in San Francisco, the county’s median rent is $1; in Orange County, it’s $2,500.
The most expensive rent in California for an apartment is in Sacramento, according Real Estate Board of Greater Los Angeles.
The state average is $4,868 a month, according DataCollect.com, which is nearly double the national median rent of $3,974.
The most affordable rent is in Los Angeles, at $1 per square foot, according data from the Center for American Progress.