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 | Apple Valley | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $297,248 | $642,203 | $242,182 |
| Price Trend (Annual %) | 8.8% | 10.0% | 8.2% |
| Median Gross Rent | $1,392 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.6% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Apple Valley is about 54% lower than in California. Rent is about 29% 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 Apple Valley, up about 8.8% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Apple Valley rose about 47.4% between 2015 and 2023, from $944 to $1,392. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Apple Valley.
Buying the median-priced home in Apple Valley costs roughly 17.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Apple Valley. The price-to-rent ratio in California is about 27.4.
| Metric | Apple Valley | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $297,248 | $642,203 | $242,182 |
| Median Household Income | $68,193 | $96,718 | $78,145 |
| Price-to-Income Ratio | 4.4 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Apple Valley rose about 232.7%, while median household income rose about 40.8% 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 | Apple Valley | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.9% | 51.6% | 58.2% |
| Rental Rate | 29.4% | 40.9% | 31.3% |
| Vacancy Rate | 3.7% | 7.6% | 10.6% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Apple Valley has a homeownership rate of 66.9%, higher than the California average of 51.6%. Its housing vacancy rate is 3.7%, compared with 7.6% in California.
Housing Stock
| Metric | Apple Valley | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.02 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1987 | 1975 | 1978 |
| Median Number of Rooms | 5.9 | 5.0 | 5.5 |
The typical housing unit in Apple Valley was built around 1987. On average, 3.0 people live in a home with about 5.9 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Apple Valley, California.
What is the median home price in Apple Valley, California?
The median home price in Apple Valley, California is $297,248, lower than the California average of $642,203.
What is the average home price in Apple Valley, 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 Apple Valley, California?
The median gross rent in Apple Valley, California is $1,392 per month, lower than the California average of $1,955.
What was the median gross rent in Apple Valley in 2020?
In 2020, the median gross rent in Apple Valley, California was $1,091 per month.
What is the price-to-rent ratio in Apple Valley, California?
The price-to-rent ratio in Apple Valley, California is about 17.8, meaning it would take roughly 17.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Apple Valley.
Are home prices or rent rising faster in Apple Valley, California?
Both home prices and rent are rising in Apple Valley, up about 8.8% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Apple Valley, California?
66.9% of households in Apple Valley, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Apple Valley, California?
The housing vacancy rate in Apple Valley, California is 3.7%, lower than the California average of 7.6%.