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Ontario real estate market overview
- Average Monthly Rent: $2,396
- Home Price/Value Percentage Change: -1.00%
- Median Home Value: $616,774
- Best Time To Sell a Home: September
- Affordability Index: Low
- Days To Sell a House: 65
- Job Market: Fair
- Public School Ranking: 40
Location and weather
Ontario is in San Bernard county and is the 4th most populated city in California. The LA/Ontario International Airport is one of the biggest transportation attractions nearby, bringing in people from all over the country. While Ontario is not as big of a tourist spot as LA, it still includes an abundance of different attractions perfect for sports fans, shoppers, music lovers and film connoisseurs alike. Some of these include the Ontario Mills Fashion District, the San Antonio Winery, K1 Speed Ontario and the Ontario Convention Center.
Ontario summers are hot and dry, while the winters are long and cool. Summer temperatures reach highs in the 90's, with lows in the 60's. Winter temperatures are in 60's, with lows in the mid 40's.
Population, job market and cost of living
The Ontario population is around 178,667, with a growth rate of 0.64%.
The job growth has decreased by -5.66% over the last year and in ten years, is predicted to have increased by 40.58%. This is higher than the US average by 7.08%. Some of the more substantial industries here include manufacturing, food and beverage, modern amenities, and technology. The bigger companies to work for in Ontario are Safariland, Chariot Travelware, Niagara Bottling, Cardenas Markets and DPI Specialty Foods.
As expected, the cost of living here is more than the US average but is less than the overall average of California. Despite its higher price, everything Ontario has to offer makes it worthwhile. It's the best location for scenic views, family life and tourist attractions, which is why it will continue attracting those interested in the California life-style.
Ontario real estate market details
- The Avenue
- Eden Glen
- Creekside
- West Haven
- Ontario Ranch
The average monthly rent in Ontario is $2,396 for an average apartment size of 904 sq. feet.
There has been a -1.0% decrease in median home value over the last year. As of 2023, the median home value is $616,774.
On average, homes in Ontario sell after 65 days on the market.
The best time to sell a home for the highest valued sale is during September. For the quickest sale, homeowners should sell in August.
The affordability index in Ontario is 127. This number indicates low affordability in this city.
The top ranked public schools are Colony High School, Valley View High, Chaffey High School, Ontario High School and Journey. This information is based on data measuring academic performance and equity.