Home prices
The median home in Banning is valued at $234,900. This is about $31,520 (11%) lower in comparison to its surrounding areas.Compared to the United States as a whole it is about $17,400 (8%) higher, and is about $402,000 (63%) lower compared to the city of Los Angeles.
Rents
In Banning the median rent is $1,010 a month. This is roughly $86 (7%) lower in comparison to its nearby areas.It is about $52 (4%) lower in comparison to the entire country, and compared to the city of Los Angeles it is roughly $440 (30%) lower.
Nearby places
Cherry Valley
Cherry Valley is Banning's neighbor to the northwest. The housing prices there are a bit more expensive. The median home in Cherry Valley costs $276,100, which works out to $41,200 (14%) higher than Banning. The rent there is fairly similar. The median monthly rent in Cherry Valley is $969, which is $41 (4%) lower than Banning.
Beaumont
Beaumont is Banning's neighbor to the southwest. Real estate prices there are a bit more expensive. The median home in Beaumont costs $320,500, which works out to $85,600 (26%) higher than Banning. Rent there is a bit more expensive. Beaumont's median rent is $1,320 per month, which comes out to $310 (23%) higher than Banning.
Cabazon
Cabazon is Banning's neighbor to the southeast. Housing prices there are a bit less expensive. The median home in Cabazon is valued at $190,600, which works out to $44,300 (23%) lower than Banning. Its rents are a little less expensive. In Cabazon the median monthly rent is $877, which works out to $133 (15%) lower than Banning.
Calimesa
Calimesa is roughly 8 miles west from Banning. Housing prices there are a little less expensive. The median home in Calimesa costs $217,500, which works out to $17,400 (8%) lower than Banning. Its rents are a bit more expensive. The median monthly rent in Calimesa is $1,135, which is $125 (11%) higher than Banning.
Yucaipa
Yucaipa is about 9 miles northwest from Banning. Real estate prices there are a bit more expensive. The median home in Yucaipa costs $327,400, which works out to $92,500 (28%) higher than Banning. The rent there is a little more expensive. The median rent in Yucaipa is $1,180 a month, which is $170 (14%) higher than Banning.
