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 | Colton | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $337,136 | $642,203 | $242,182 |
| Price Trend (Annual %) | 10.3% | 10.0% | 8.2% |
| Median Gross Rent | $1,603 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.3% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Colton is about 48% lower than in California. Rent is about 18% 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 Colton, up about 10.3% and 6.3% a year respectively. Home prices are changing faster.
Median rent in Colton rose about 59.2% between 2015 and 2023, from $1,007 to $1,603. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Colton.
Buying the median-priced home in Colton costs roughly 17.5 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 Colton. The price-to-rent ratio in California is about 27.4.
| Metric | Colton | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $337,136 | $642,203 | $242,182 |
| Median Household Income | $71,318 | $96,718 | $78,145 |
| Price-to-Income Ratio | 4.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Colton rose about 93.5%, while median household income rose about 62.7% 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 | Colton | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.5% | 51.6% | 58.2% |
| Rental Rate | 44.3% | 40.9% | 31.3% |
| Vacancy Rate | 5.2% | 7.6% | 10.6% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Colton has a homeownership rate of 50.5%, lower than the California average of 51.6%. Its housing vacancy rate is 5.2%, compared with 7.6% in California.
Housing Stock
| Metric | Colton | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.12 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1976 | 1975 | 1978 |
| Median Number of Rooms | 4.8 | 5.0 | 5.5 |
The typical housing unit in Colton was built around 1976. On average, 3.1 people live in a home with about 4.8 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Colton, California.
What is the median home price in Colton, California?
The median home price in Colton, California is $337,136, lower than the California average of $642,203.
What is the average home price in Colton, 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 Colton, California?
The median gross rent in Colton, California is $1,603 per month, lower than the California average of $1,955.
What was the median gross rent in Colton in 2020?
In 2020, the median gross rent in Colton, California was $1,218 per month.
What is the price-to-rent ratio in Colton, California?
The price-to-rent ratio in Colton, California is about 17.5, meaning it would take roughly 17.5 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 Colton.
Are home prices or rent rising faster in Colton, California?
Both home prices and rent are rising in Colton, up about 10.3% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Colton, California?
50.5% of households in Colton, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Colton, California?
The housing vacancy rate in Colton, California is 5.2%, lower than the California average of 7.6%.