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 | Atwater | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $264,087 | $642,203 | $242,182 |
| Price Trend (Annual %) | 14.5% | 10.0% | 8.2% |
| Median Gross Rent | $1,230 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 4.8% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Atwater is about 59% lower than in California. Rent is about 37% 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 Atwater, up about 14.5% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Atwater rose about 39.3% between 2015 and 2023, from $883 to $1,230. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Atwater.
Buying the median-priced home in Atwater costs roughly 17.9 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 27.4.
| Metric | Atwater | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $264,087 | $642,203 | $242,182 |
| Median Household Income | $63,774 | $96,718 | $78,145 |
| Price-to-Income Ratio | 4.1 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Atwater rose about 205.3%, while median household income rose about 49.4% 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 | Atwater | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.6% | 51.6% | 58.2% |
| Rental Rate | 46.4% | 40.9% | 31.3% |
| Vacancy Rate | 2.0% | 7.6% | 10.6% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Atwater has a homeownership rate of 51.6%, about the same as the California average of 51.6%. Its housing vacancy rate is 2.0%, compared with 7.6% in California.
Housing Stock
| Metric | Atwater | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.05 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1976 | 1975 | 1978 |
| Median Number of Rooms | 5.5 | 5.0 | 5.5 |
The typical housing unit in Atwater was built around 1976. On average, 3.1 people live in a home with about 5.5 rooms, staying for about 12.0 years on average.
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 $264,087, lower than the California average of $642,203.
What is the average home price in Atwater, 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 Atwater, California?
The median gross rent in Atwater, California is $1,230 per month, lower than the California average of $1,955.
What was the median gross rent in Atwater in 2020?
In 2020, the median gross rent in Atwater, California was $1,039 per month.
What is the price-to-rent ratio in Atwater, California?
The price-to-rent ratio in Atwater, California is about 17.9, meaning it would take roughly 17.9 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 14.5% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Atwater, California?
51.6% of households in Atwater, California own their home, about the same as the California average.
What is the vacancy rate in Atwater, California?
The housing vacancy rate in Atwater, California is 2.0%, lower than the California average of 7.6%.