The average age of a new condo is 65, but the median age of the average bungalows is 72, according to data compiled by the National Association of Realtors.
There’s no definitive age guideline for bungalowing, but some research suggests the older the home, the more likely it is to have a resident.
Bunkers with larger living spaces tend to be cheaper, according a 2016 report by the Association of State Counties, which tracked trends in housing affordability.
A recent study of 1,500 new condos in California showed the average price of the condos was $1.3 million, or about $40,000 per square foot.
And the median home price in California was $634,000, according the American Institute of Architects.
The average rent in California is $1,788 per month, according data from realtor.com.