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 | Atascadero | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $920,480 | $642,203 | $242,182 |
| Price Trend (Annual %) | 74.7% | 10.0% | 8.2% |
| Median Gross Rent | $1,851 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.4% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Atascadero is about 43% higher than in California. Rent is about 5% 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 Atascadero, up about 74.7% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Atascadero rose about 60.4% between 2015 and 2023, from $1,154 to $1,851. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 10.5 yearly household incomes in Atascadero.
Buying the median-priced home in Atascadero costs roughly 41.4 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 Atascadero. The price-to-rent ratio in California is about 27.4.
| Metric | Atascadero | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $920,480 | $642,203 | $242,182 |
| Median Household Income | $87,998 | $96,718 | $78,145 |
| Price-to-Income Ratio | 10.5 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Atascadero rose about 347.4%, while median household income rose about 48.3% 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 | Atascadero | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.9% | 51.6% | 58.2% |
| Rental Rate | 38.9% | 40.9% | 31.3% |
| Vacancy Rate | 4.2% | 7.6% | 10.6% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Atascadero has a homeownership rate of 56.9%, higher than the California average of 51.6%. Its housing vacancy rate is 4.2%, compared with 7.6% in California.
Housing Stock
| Metric | Atascadero | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1982 | 1975 | 1978 |
| Median Number of Rooms | 5.1 | 5.0 | 5.5 |
The typical housing unit in Atascadero was built around 1982. On average, 2.5 people live in a home with about 5.1 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Atascadero, California.
What is the median home price in Atascadero, California?
The median home price in Atascadero, California is $920,480, higher than the California average of $642,203.
What is the average home price in Atascadero, 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 Atascadero, California?
The median gross rent in Atascadero, California is $1,851 per month, lower than the California average of $1,955.
What was the median gross rent in Atascadero in 2020?
In 2020, the median gross rent in Atascadero, California was $1,440 per month.
What is the price-to-rent ratio in Atascadero, California?
The price-to-rent ratio in Atascadero, California is about 41.4, meaning it would take roughly 41.4 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 Atascadero.
Are home prices or rent rising faster in Atascadero, California?
Both home prices and rent are rising in Atascadero, up about 74.7% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Atascadero, California?
56.9% of households in Atascadero, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Atascadero, California?
The housing vacancy rate in Atascadero, California is 4.2%, lower than the California average of 7.6%.