Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Alpine County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,138,889 | $642,203 | $242,182 |
| Price Trend (Annual %) | 12.4% | 10.0% | 8.2% |
| Median Gross Rent | $1,166 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.2% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alpine County is about 77% higher than in California. Rent is about 40% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Alpine County, up about 12.4% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Alpine County rose about 27.8% between 2015 and 2023, from $912 to $1,166. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 10.0 yearly household incomes in Alpine County.
Buying the median-priced home in Alpine County costs roughly 81.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Alpine County. The price-to-rent ratio in California is about 27.4.
| Metric | Alpine County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,138,889 | $642,203 | $242,182 |
| Median Household Income | $113,869 | $96,718 | $78,145 |
| Price-to-Income Ratio | 10.0 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Alpine County rose about 99.1%, while median household income rose about 103.6% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Alpine County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 24.1% | 51.6% | 58.2% |
| Rental Rate | 5.7% | 40.9% | 31.3% |
| Vacancy Rate | 70.2% | 7.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Alpine County has a homeownership rate of 24.1%, lower than the California average of 51.6%. Its housing vacancy rate is 70.2%, compared with 7.6% in California.
Housing Stock
| Metric | Alpine County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.42 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1982 | 1975 | 1978 |
| Median Number of Rooms | 4.5 | 5.0 | 5.5 |
The typical housing unit in Alpine County was built around 1982. On average, 3.4 people live in a home with about 4.5 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Alpine County, California.
What is the median home price in Alpine County, California?
The median home price in Alpine County, California is $1,138,889, higher than the California average of $642,203.
What is the average home price in Alpine County, California?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Alpine County, California?
The median gross rent in Alpine County, California is $1,166 per month, lower than the California average of $1,955.
What was the median gross rent in Alpine County in 2020?
In 2020, the median gross rent in Alpine County, California was $638 per month.
What is the price-to-rent ratio in Alpine County, California?
The price-to-rent ratio in Alpine County, California is about 81.4, meaning it would take roughly 81.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Alpine County.
Are home prices or rent rising faster in Alpine County, California?
Both home prices and rent are rising in Alpine County, up about 12.4% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Alpine County, California?
24.1% of households in Alpine County, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Alpine County, California?
The housing vacancy rate in Alpine County, California is 70.2%, higher than the California average of 7.6%.