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 | Chula Vista | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $697,150 | $642,203 | $242,182 |
| Price Trend (Annual %) | 11.6% | 10.0% | 8.2% |
| Median Gross Rent | $2,114 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.6% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chula Vista is about 9% higher than in California. Rent is about 8% 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 Chula Vista, up about 11.6% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Chula Vista rose about 63.9% between 2015 and 2023, from $1,290 to $2,114. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 6.7 yearly household incomes in Chula Vista.
Buying the median-priced home in Chula Vista costs roughly 27.5 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 Chula Vista. The price-to-rent ratio in California is about 27.4.
| Metric | Chula Vista | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $697,150 | $642,203 | $242,182 |
| Median Household Income | $103,298 | $96,718 | $78,145 |
| Price-to-Income Ratio | 6.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Chula Vista rose about 165.5%, while median household income rose about 67.3% 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 | Chula Vista | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.8% | 51.6% | 58.2% |
| Rental Rate | 38.2% | 40.9% | 31.3% |
| Vacancy Rate | 5.9% | 7.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Chula Vista has a homeownership rate of 55.8%, higher than the California average of 51.6%. Its housing vacancy rate is 5.9%, compared with 7.6% in California.
Housing Stock
| Metric | Chula Vista | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.19 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1984 | 1975 | 1978 |
| Median Number of Rooms | 5.0 | 5.0 | 5.5 |
The typical housing unit in Chula Vista was built around 1984. On average, 3.2 people live in a home with about 5.0 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Chula Vista, California.
What is the median home price in Chula Vista, California?
The median home price in Chula Vista, California is $697,150, higher than the California average of $642,203.
What is the average home price in Chula Vista, 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 Chula Vista, California?
The median gross rent in Chula Vista, California is $2,114 per month, higher than the California average of $1,955.
What was the median gross rent in Chula Vista in 2020?
In 2020, the median gross rent in Chula Vista, California was $1,723 per month.
What is the price-to-rent ratio in Chula Vista, California?
The price-to-rent ratio in Chula Vista, California is about 27.5, meaning it would take roughly 27.5 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 Chula Vista.
Are home prices or rent rising faster in Chula Vista, California?
Both home prices and rent are rising in Chula Vista, up about 11.6% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Chula Vista, California?
55.8% of households in Chula Vista, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Chula Vista, California?
The housing vacancy rate in Chula Vista, California is 5.9%, lower than the California average of 7.6%.