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 | Diamond Bar | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,053,953 | $642,203 | $242,182 |
| Price Trend (Annual %) | 13.9% | 10.0% | 8.2% |
| Median Gross Rent | $2,431 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Diamond Bar is about 64% higher than in California. Rent is about 24% 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 Diamond Bar, up about 13.9% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Diamond Bar rose about 35.5% between 2015 and 2023, from $1,795 to $2,431. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 10.1 yearly household incomes in Diamond Bar.
Buying the median-priced home in Diamond Bar costs roughly 36.1 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 Diamond Bar. The price-to-rent ratio in California is about 27.4.
| Metric | Diamond Bar | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,053,953 | $642,203 | $242,182 |
| Median Household Income | $104,493 | $96,718 | $78,145 |
| Price-to-Income Ratio | 10.1 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Diamond Bar rose about 87.7%, while median household income rose about 15.3% 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 | Diamond Bar | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.6% | 51.6% | 58.2% |
| Rental Rate | 22.2% | 40.9% | 31.3% |
| Vacancy Rate | 4.2% | 7.6% | 10.6% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Diamond Bar has a homeownership rate of 73.6%, higher than the California average of 51.6%. Its housing vacancy rate is 4.2%, compared with 7.6% in California.
Housing Stock
| Metric | Diamond Bar | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.92 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1978 | 1975 | 1978 |
| Median Number of Rooms | 6.0 | 5.0 | 5.5 |
The typical housing unit in Diamond Bar was built around 1978. On average, 2.9 people live in a home with about 6.0 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Diamond Bar, California.
What is the median home price in Diamond Bar, California?
The median home price in Diamond Bar, California is $1,053,953, higher than the California average of $642,203.
What is the average home price in Diamond Bar, 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 Diamond Bar, California?
The median gross rent in Diamond Bar, California is $2,431 per month, higher than the California average of $1,955.
What was the median gross rent in Diamond Bar in 2020?
In 2020, the median gross rent in Diamond Bar, California was $2,051 per month.
What is the price-to-rent ratio in Diamond Bar, California?
The price-to-rent ratio in Diamond Bar, California is about 36.1, meaning it would take roughly 36.1 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 Diamond Bar.
Are home prices or rent rising faster in Diamond Bar, California?
Both home prices and rent are rising in Diamond Bar, up about 13.9% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Diamond Bar, California?
73.6% of households in Diamond Bar, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Diamond Bar, California?
The housing vacancy rate in Diamond Bar, California is 4.2%, lower than the California average of 7.6%.