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 | Beaumont | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $421,944 | $642,203 | $242,182 |
| Price Trend (Annual %) | 13.1% | 10.0% | 8.2% |
| Median Gross Rent | $1,478 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Beaumont is about 34% lower than in California. Rent is about 24% 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 Beaumont, up about 13.1% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Beaumont rose about 34.4% between 2015 and 2023, from $1,100 to $1,478. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Beaumont.
Buying the median-priced home in Beaumont costs roughly 23.8 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 Beaumont. The price-to-rent ratio in California is about 27.4.
| Metric | Beaumont | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $421,944 | $642,203 | $242,182 |
| Median Household Income | $85,979 | $96,718 | $78,145 |
| Price-to-Income Ratio | 4.9 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Beaumont rose about 113.9%, while median household income rose about 84.1% 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 | Beaumont | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.7% | 51.6% | 58.2% |
| Rental Rate | 21.5% | 40.9% | 31.3% |
| Vacancy Rate | 3.8% | 7.6% | 10.6% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Beaumont has a homeownership rate of 74.7%, higher than the California average of 51.6%. Its housing vacancy rate is 3.8%, compared with 7.6% in California.
Housing Stock
| Metric | Beaumont | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1998 | 1975 | 1978 |
| Median Number of Rooms | 5.6 | 5.0 | 5.5 |
The typical housing unit in Beaumont was built around 1998. On average, 2.8 people live in a home with about 5.6 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Beaumont, California.
What is the median home price in Beaumont, California?
The median home price in Beaumont, California is $421,944, lower than the California average of $642,203.
What is the average home price in Beaumont, 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 Beaumont, California?
The median gross rent in Beaumont, California is $1,478 per month, lower than the California average of $1,955.
What was the median gross rent in Beaumont in 2020?
In 2020, the median gross rent in Beaumont, California was $1,331 per month.
What is the price-to-rent ratio in Beaumont, California?
The price-to-rent ratio in Beaumont, California is about 23.8, meaning it would take roughly 23.8 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 Beaumont.
Are home prices or rent rising faster in Beaumont, California?
Both home prices and rent are rising in Beaumont, up about 13.1% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Beaumont, California?
74.7% of households in Beaumont, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Beaumont, California?
The housing vacancy rate in Beaumont, California is 3.8%, lower than the California average of 7.6%.