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 | Casa de Oro-Mount Helix | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $917,996 | $642,203 | $242,182 |
| Price Trend (Annual %) | 10.8% | 10.0% | 8.2% |
| Median Gross Rent | $2,016 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.4% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Casa de Oro-Mount Helix is about 43% higher than in California. Rent is about 3% higher 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 Casa de Oro-Mount Helix, up about 10.8% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Casa de Oro-Mount Helix rose about 58.8% between 2015 and 2023, from $1,269 to $2,016. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 7.6 yearly household incomes in Casa de Oro-Mount Helix.
Buying the median-priced home in Casa de Oro-Mount Helix costs roughly 38.0 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 Casa de Oro-Mount Helix. The price-to-rent ratio in California is about 27.4.
| Metric | Casa de Oro-Mount Helix | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $917,996 | $642,203 | $242,182 |
| Median Household Income | $120,245 | $96,718 | $78,145 |
| Price-to-Income Ratio | 7.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Casa de Oro-Mount Helix rose about 49.7%, while median household income rose about 62.5% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Casa de Oro-Mount Helix | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.6% | 51.6% | 58.2% |
| Rental Rate | 21.7% | 40.9% | 31.3% |
| Vacancy Rate | 3.7% | 7.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Casa de Oro-Mount Helix has a homeownership rate of 74.6%, higher than the California average of 51.6%. Its housing vacancy rate is 3.7%, compared with 7.6% in California.
Housing Stock
| Metric | Casa de Oro-Mount Helix | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.81 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1968 | 1975 | 1978 |
| Median Number of Rooms | 6.2 | 5.0 | 5.5 |
The typical housing unit in Casa de Oro-Mount Helix was built around 1968. On average, 2.8 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Casa de Oro-Mount Helix, California.
What is the median home price in Casa de Oro-Mount Helix, California?
The median home price in Casa de Oro-Mount Helix, California is $917,996, higher than the California average of $642,203.
What is the average home price in Casa de Oro-Mount Helix, 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 Casa de Oro-Mount Helix, California?
The median gross rent in Casa de Oro-Mount Helix, California is $2,016 per month, higher than the California average of $1,955.
What was the median gross rent in Casa de Oro-Mount Helix in 2020?
In 2020, the median gross rent in Casa de Oro-Mount Helix, California was $1,649 per month.
What is the price-to-rent ratio in Casa de Oro-Mount Helix, California?
The price-to-rent ratio in Casa de Oro-Mount Helix, California is about 38.0, meaning it would take roughly 38.0 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 Casa de Oro-Mount Helix.
Are home prices or rent rising faster in Casa de Oro-Mount Helix, California?
Both home prices and rent are rising in Casa de Oro-Mount Helix, up about 10.8% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Casa de Oro-Mount Helix, California?
74.6% of households in Casa de Oro-Mount Helix, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Casa de Oro-Mount Helix, California?
The housing vacancy rate in Casa de Oro-Mount Helix, California is 3.7%, lower than the California average of 7.6%.