Home Values in South Gate, California — 2026 Market Report
Updated March 2026 | Balanced Market | +5% YoY
The median home value in South Gate, California is $595,000 as of March 2026, which is above the national median of $400,000. Home values in South Gate have increased by 5% over the past year and 27.6% over the last five years. With a population of 94,396 and a median household income of $52,250, the price-to-income ratio stands at 11.4x, making South Gate affordable for the average household.
South Gate Housing Market Conditions
| Metric | South Gate | National Avg |
|---|---|---|
| Median Home Value | $595,000 | $400,000 |
| YoY Appreciation | +5% | +3.8% |
| 5-Year Appreciation | +27.6% | +22.4% |
| Price per Sq Ft | $414 | $222 |
| Days on Market | 55 days | 45 days |
| Months of Supply | 3.2 | 3.5 |
| List-to-Sale Ratio | 96.2% | 98.5% |
| Monthly Homes Sold | 64 | — |
| Foreclosure Rate | 0.39% | 0.3% |
Home Value Trends in South Gate
A homeowner who purchased at the median price of $466,301 five years ago in South Gate would have gained approximately $128,699 in equity, representing a 27.6% return on investment. Over the past year alone, the typical homeowner gained $28,333 in home equity.
Affordability in South Gate, CA
With a median household income of $52,250 and a median home price of $595,000, the price-to-income ratio in South Gate is 11.4x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $4,738 compared to estimated monthly ownership costs of $3,203 gives a rent-vs-buy ratio of 0.68. In South Gate, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in South Gate
The effective property tax rate in California is 0.76%. On a home valued at $595,000, the estimated annual property tax bill is $4,522, or approximately $377/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in South Gate is 118.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in South Gate, CA?
The median home value in South Gate, California is $595,000 as of March 2026. Home values have changed +5% over the past year, with a 5-year appreciation of 27.6%.
Is South Gate a buyer's or seller's market?
South Gate is currently a balanced market with 3.2 months of housing supply. Homes spend an average of 55 days on market, and the list-to-sale price ratio is 96.2%. Supply and demand are relatively balanced.
Are home values going up in South Gate?
Yes, home values in South Gate have increased by 5% over the past year. The 5-year appreciation rate is 27.6%, meaning a home worth $466,301 five years ago is now worth $595,000.
Is it better to rent or buy in South Gate?
The average monthly rent in South Gate is $4,738, while estimated monthly homeownership costs are approximately $3,203. The price-to-rent ratio is 10.5. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for South Gate, California is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.