Atwater, California Housing Market Prices
Atwater Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 55% below the California median$290,352
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Median rent 37% below the California median$1,279
Housing Market Overview
| Metric | Atwater | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $290,352 | $650,794 | $248,835 |
| Price Trend (Annual %) | 5.0% | 8.9% | 7.5% |
| Median Gross Rent | $1,279 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Atwater is about 55% lower than in California. Rent is about 37% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Atwater, up about 5.0% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Atwater rose about 44.3% between 2015 and 2024, from $886 to $1,279. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Atwater.
Buying the median-priced home in Atwater costs roughly 18.9 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 Atwater. The price-to-rent ratio in California is about 26.6.
| Metric | Atwater | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $290,352 | $650,794 | $248,835 |
| Median Household Income | $63,704 | $99,161 | $80,455 |
| Price-to-Income Ratio | 4.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Atwater rose about 234.7%, while median household income rose about 40.8% between 2009 and 2025 — 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 | Atwater | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.1% | 51.7% | 58.5% |
| Rental Rate | 47.2% | 40.8% | 31.2% |
| Vacancy Rate | 1.7% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Atwater has a homeownership rate of 51.1%, lower than the California average of 51.7%. Its housing vacancy rate is 1.7%, compared with 7.5% in California.
Housing Stock
| Metric | Atwater | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.14 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1979 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 5.0 | 5.5 |
The typical housing unit in Atwater was built around 1979. On average, 3.1 people live in a home with about 5.4 rooms, staying for about 12.0 years on average.
Atwater, CA Housing Compared With Nearby Cities
How Atwater, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Atwater, CA | 24,422 | $290,352 #2/2 | $1,279 #2/2 | 52.0% #1/2 |
| Merced, CA | 65,930 | $303,990 | $1,357 | 41.0% |
Frequently Asked Questions
Common questions about the housing market in Atwater, California.
What is the median home price in Atwater, California?
The median home price in Atwater, California is $290,352, lower than the California average of $650,794.
What is the average home price in Atwater, California?
The typical home price in Atwater, California, reported as the median sale price, is $290,352. 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 Atwater, California?
The median gross rent in Atwater, California is $1,279 per month, lower than the California average of $2,036.
What was the median gross rent in Atwater in 2020?
In 2020, the median gross rent in Atwater, California was $1,043 per month.
What is the price-to-rent ratio in Atwater, California?
The price-to-rent ratio in Atwater, California is about 18.9, meaning it would take roughly 18.9 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 Atwater.
Are home prices or rent rising faster in Atwater, California?
Both home prices and rent are rising in Atwater, up about 5.0% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Atwater, California?
51.1% of households in Atwater, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Atwater, California?
The housing vacancy rate in Atwater, California is 1.7%, lower than the California average of 7.5%.
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