Davis, California Housing Market Prices
Davis Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 55% above the California median$1,010,216
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Median rent 8% above the California median$2,205
Housing Market Overview
| Metric | Davis | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,010,216 | $650,794 | $248,835 |
| Price Trend (Annual %) | 16.0% | 8.9% | 7.5% |
| Median Gross Rent | $2,205 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 7.0% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Davis is about 55% higher than in California. Rent is about 8% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Davis, up about 16.0% and 7.0% a year respectively. Home prices are changing faster.
Median rent in Davis rose about 76.8% between 2015 and 2024, from $1,247 to $2,205. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 12.1 yearly household incomes in Davis.
Buying the median-priced home in Davis costs roughly 38.2 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 Davis. The price-to-rent ratio in California is about 26.6.
| Metric | Davis | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,010,216 | $650,794 | $248,835 |
| Median Household Income | $83,767 | $99,161 | $80,455 |
| Price-to-Income Ratio | 12.1 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Davis rose about 224.7%, while median household income rose about 49.2% between 2009 and 2025 — 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 | Davis | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 36.7% | 51.7% | 58.5% |
| Rental Rate | 55.4% | 40.8% | 31.2% |
| Vacancy Rate | 7.9% | 7.5% | 10.2% |
| Median Tenure (years) | 9.0 | 15.0 | 15.0 |
| Median Year Moved In | 2017 | 2011 | 2011 |
Davis has a homeownership rate of 36.7%, lower than the California average of 51.7%. Its housing vacancy rate is 7.9%, compared with 7.5% in California.
Housing Stock
| Metric | Davis | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1982 | 1975 | 1978 |
| Median Number of Rooms | 4.9 | 5.0 | 5.5 |
The typical housing unit in Davis was built around 1982. On average, 2.6 people live in a home with about 4.9 rooms, staying for about 9.0 years on average.
Davis, CA Housing Compared With Nearby Cities
How Davis, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Davis, CA | 53,546 | $1,010,216 #1/2 | $2,205 #1/2 | 39.9% #2/2 |
| Woodland, CA | 53,515 | $818,210 | $1,588 | 56.0% |
Frequently Asked Questions
Common questions about the housing market in Davis, California.
What is the median home price in Davis, California?
The median home price in Davis, California is $1,010,216, higher than the California average of $650,794.
What is the average home price in Davis, California?
The typical home price in Davis, California, reported as the median sale price, is $1,010,216. 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 Davis, California?
The median gross rent in Davis, California is $2,205 per month, higher than the California average of $2,036.
What was the median gross rent in Davis in 2020?
In 2020, the median gross rent in Davis, California was $1,663 per month.
What is the price-to-rent ratio in Davis, California?
The price-to-rent ratio in Davis, California is about 38.2, meaning it would take roughly 38.2 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 Davis.
Are home prices or rent rising faster in Davis, California?
Both home prices and rent are rising in Davis, up about 16.0% and 7.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Davis, California?
36.7% of households in Davis, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Davis, California?
The housing vacancy rate in Davis, California is 7.9%, higher than the California average of 7.5%.
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