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.
Housing Market Overview
| Metric | Anaheim | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $731,730 | $642,203 | $242,182 |
| Price Trend (Annual %) | 7.4% | 10.0% | 8.2% |
| Median Gross Rent | $2,078 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.9% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Anaheim is about 14% higher than in California. Rent is about 6% higher 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 Anaheim, up about 7.4% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Anaheim rose about 51.9% between 2015 and 2023, from $1,368 to $2,078. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 8.0 yearly household incomes in Anaheim.
Buying the median-priced home in Anaheim costs roughly 29.3 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 Anaheim. The price-to-rent ratio in California is about 27.4.
| Metric | Anaheim | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $731,730 | $642,203 | $242,182 |
| Median Household Income | $91,767 | $96,718 | $78,145 |
| Price-to-Income Ratio | 8.0 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Anaheim rose about 72.6%, while median household income rose about 59.0% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Anaheim | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.8% | 51.6% | 58.2% |
| Rental Rate | 51.1% | 40.9% | 31.3% |
| Vacancy Rate | 4.0% | 7.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Anaheim has a homeownership rate of 44.8%, lower than the California average of 51.6%. Its housing vacancy rate is 4.0%, compared with 7.6% in California.
Housing Stock
| Metric | Anaheim | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.23 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1973 | 1975 | 1978 |
| Median Number of Rooms | 4.5 | 5.0 | 5.5 |
The typical housing unit in Anaheim was built around 1973. On average, 3.2 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 Anaheim, California.
What is the median home price in Anaheim, California?
The median home price in Anaheim, California is $731,730, higher than the California average of $642,203.
What is the average home price in Anaheim, 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 Anaheim, California?
The median gross rent in Anaheim, California is $2,078 per month, higher than the California average of $1,955.
What was the median gross rent in Anaheim in 2020?
In 2020, the median gross rent in Anaheim, California was $1,736 per month.
What is the price-to-rent ratio in Anaheim, California?
The price-to-rent ratio in Anaheim, California is about 29.3, meaning it would take roughly 29.3 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 Anaheim.
Are home prices or rent rising faster in Anaheim, California?
Both home prices and rent are rising in Anaheim, up about 7.4% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Anaheim, California?
44.8% of households in Anaheim, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Anaheim, California?
The housing vacancy rate in Anaheim, California is 4.0%, lower than the California average of 7.6%.