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 | El Dorado Hills | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $868,482 | $642,203 | $242,182 |
| Price Trend (Annual %) | 11.5% | 10.0% | 8.2% |
| Median Gross Rent | $2,306 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in El Dorado Hills is about 35% higher than in California. Rent is about 18% 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 El Dorado Hills, up about 11.5% and 3.8% a year respectively. Home prices are changing faster.
Median rent in El Dorado Hills rose about 21.4% between 2015 and 2023, from $1,900 to $2,306. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in El Dorado Hills.
Buying the median-priced home in El Dorado Hills costs roughly 31.4 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 El Dorado Hills. The price-to-rent ratio in California is about 27.4.
| Metric | El Dorado Hills | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $868,482 | $642,203 | $242,182 |
| Median Household Income | $153,433 | $96,718 | $78,145 |
| Price-to-Income Ratio | 5.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in El Dorado Hills rose about 110.2%, while median household income rose about 37.5% 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 | El Dorado Hills | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 82.2% | 51.6% | 58.2% |
| Rental Rate | 14.2% | 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 |
El Dorado Hills has a homeownership rate of 82.2%, higher than the California average of 51.6%. Its housing vacancy rate is 3.7%, compared with 7.6% in California.
Housing Stock
| Metric | El Dorado Hills | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.75 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1999 | 1975 | 1978 |
| Median Number of Rooms | 7.0 | 5.0 | 5.5 |
The typical housing unit in El Dorado Hills was built around 1999. On average, 2.7 people live in a home with about 7.0 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in El Dorado Hills, California.
What is the median home price in El Dorado Hills, California?
The median home price in El Dorado Hills, California is $868,482, higher than the California average of $642,203.
What is the average home price in El Dorado Hills, 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 El Dorado Hills, California?
The median gross rent in El Dorado Hills, California is $2,306 per month, higher than the California average of $1,955.
What was the median gross rent in El Dorado Hills in 2020?
In 2020, the median gross rent in El Dorado Hills, California was $1,818 per month.
What is the price-to-rent ratio in El Dorado Hills, California?
The price-to-rent ratio in El Dorado Hills, California is about 31.4, meaning it would take roughly 31.4 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 El Dorado Hills.
Are home prices or rent rising faster in El Dorado Hills, California?
Both home prices and rent are rising in El Dorado Hills, up about 11.5% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in El Dorado Hills, California?
82.2% of households in El Dorado Hills, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in El Dorado Hills, California?
The housing vacancy rate in El Dorado Hills, California is 3.7%, lower than the California average of 7.6%.