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.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Calaveras County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $363,157 | $642,203 | $242,182 |
| Price Trend (Annual %) | 5.3% | 10.0% | 8.2% |
| Median Gross Rent | $1,615 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.5% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Calaveras County is about 43% lower than in California. Rent is about 17% 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 Calaveras County, up about 5.3% and 5.5% a year respectively. Rent is changing faster.
Median rent in Calaveras County rose about 55.6% between 2015 and 2023, from $1,038 to $1,615. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Calaveras County.
Buying the median-priced home in Calaveras County costs roughly 18.7 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 Calaveras County. The price-to-rent ratio in California is about 27.4.
| Metric | Calaveras County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $363,157 | $642,203 | $242,182 |
| Median Household Income | $80,357 | $96,718 | $78,145 |
| Price-to-Income Ratio | 4.5 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Calaveras County rose about 56.5%, while median household income rose about 41.2% 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 | Calaveras County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.7% | 51.6% | 58.2% |
| Rental Rate | 10.1% | 40.9% | 31.3% |
| Vacancy Rate | 35.1% | 7.6% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Calaveras County has a homeownership rate of 54.7%, higher than the California average of 51.6%. Its housing vacancy rate is 35.1%, compared with 7.6% in California.
Housing Stock
| Metric | Calaveras County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1986 | 1975 | 1978 |
| Median Number of Rooms | 5.5 | 5.0 | 5.5 |
The typical housing unit in Calaveras County was built around 1986. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Calaveras County, California.
What is the median home price in Calaveras County, California?
The median home price in Calaveras County, California is $363,157, lower than the California average of $642,203.
What is the average home price in Calaveras County, 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 Calaveras County, California?
The median gross rent in Calaveras County, California is $1,615 per month, lower than the California average of $1,955.
What was the median gross rent in Calaveras County in 2020?
In 2020, the median gross rent in Calaveras County, California was $1,354 per month.
What is the price-to-rent ratio in Calaveras County, California?
The price-to-rent ratio in Calaveras County, California is about 18.7, meaning it would take roughly 18.7 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 Calaveras County.
Are home prices or rent rising faster in Calaveras County, California?
Both home prices and rent are rising in Calaveras County, up about 5.3% and 5.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Calaveras County, California?
54.7% of households in Calaveras County, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Calaveras County, California?
The housing vacancy rate in Calaveras County, California is 35.1%, higher than the California average of 7.6%.