Quick facts: Hayward, CA

Quick Facts

120.0
Cost of Living
above US average
156,754
Population
34.86
Crime Rate per 1000
above US average
$105,371
Median Income
above US average
$699,000
Median House Price
above US average
$2653.65
Average Rent
above US average
10%
Poverty Rate
below US average
5.0%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $105,371.

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Income Needed to Buy

βœ— Stretch
$219k/year
Based on $699,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $219k vs median $105,371
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Income Needed to Rent

⚠ Stretch
$114k/year
Based on $2653.65/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $114k vs median $105,371
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hayward, CA

Hayward, located in Alameda County, California, is a vibrant city nestled in the East Bay region of the San Francisco Bay Area. Known for its diverse population, Hayward boasts a rich cultural tapestry, which is reflected in its eclectic dining and shopping options. The city is home to numerous parks and recreational areas, including Hayward Regional Shoreline and the scenic Garin Regional Park, offering residents and visitors ample opportunities for outdoor activities like hiking, picnicking, and bird watching. Hayward also has a significant historical background, with landmarks such as the historic Hayward City Hall and the Hayward Japanese Gardens, which showcases traditional Japanese landscaping. The local economy is supported by a mix of industries, including retail, healthcare, and education, with California State University, East Bay, influencing the educational landscape. With convenient access to major highways and public transportation systems, Hayward provides easy commuting options to nearby cities like San Francisco and San Jose. This accessibility, combined with its community spirit and rich amenities, makes Hayward an attractive place to live, work, and explore.

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