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 | Citrus Heights | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $494,280 | $642,203 | $242,182 |
| Price Trend (Annual %) | 14.6% | 10.0% | 8.2% |
| Median Gross Rent | $1,766 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 7.8% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Citrus Heights is about 23% lower than in California. Rent is about 10% 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 Citrus Heights, up about 14.6% and 7.8% a year respectively. Home prices are changing faster.
Median rent in Citrus Heights rose about 73.6% between 2015 and 2023, from $1,017 to $1,766. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 6.4 yearly household incomes in Citrus Heights.
Buying the median-priced home in Citrus Heights costs roughly 23.3 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 Citrus Heights. The price-to-rent ratio in California is about 27.4.
| Metric | Citrus Heights | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $494,280 | $642,203 | $242,182 |
| Median Household Income | $77,579 | $96,718 | $78,145 |
| Price-to-Income Ratio | 6.4 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Citrus Heights rose about 159.1%, while median household income rose about 43.8% 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 | Citrus Heights | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.9% | 51.6% | 58.2% |
| Rental Rate | 39.4% | 40.9% | 31.3% |
| Vacancy Rate | 3.7% | 7.6% | 10.6% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Citrus Heights has a homeownership rate of 56.9%, higher than the California average of 51.6%. Its housing vacancy rate is 3.7%, compared with 7.6% in California.
Housing Stock
| Metric | Citrus Heights | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1977 | 1975 | 1978 |
| Median Number of Rooms | 5.3 | 5.0 | 5.5 |
The typical housing unit in Citrus Heights was built around 1977. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Citrus Heights, California.
What is the median home price in Citrus Heights, California?
The median home price in Citrus Heights, California is $494,280, lower than the California average of $642,203.
What is the average home price in Citrus Heights, 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 Citrus Heights, California?
The median gross rent in Citrus Heights, California is $1,766 per month, lower than the California average of $1,955.
What was the median gross rent in Citrus Heights in 2020?
In 2020, the median gross rent in Citrus Heights, California was $1,356 per month.
What is the price-to-rent ratio in Citrus Heights, California?
The price-to-rent ratio in Citrus Heights, California is about 23.3, meaning it would take roughly 23.3 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 Citrus Heights.
Are home prices or rent rising faster in Citrus Heights, California?
Both home prices and rent are rising in Citrus Heights, up about 14.6% and 7.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Citrus Heights, California?
56.9% of households in Citrus Heights, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Citrus Heights, California?
The housing vacancy rate in Citrus Heights, California is 3.7%, lower than the California average of 7.6%.