Eureka, California Housing Market Prices
Eureka 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 58% below the California median$275,558
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Median rent 41% below the California median$1,208
Housing Market Overview
| Metric | Eureka | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,558 | $650,794 | $248,835 |
| Price Trend (Annual %) | 21.2% | 8.9% | 7.5% |
| Median Gross Rent | $1,208 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Eureka is about 58% lower than in California. Rent is about 41% lower 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 Eureka, up about 21.2% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Eureka rose about 42.9% between 2015 and 2024, from $845 to $1,208. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Eureka.
Buying the median-priced home in Eureka costs roughly 19.0 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 Eureka. The price-to-rent ratio in California is about 26.6.
| Metric | Eureka | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,558 | $650,794 | $248,835 |
| Median Household Income | $58,046 | $99,161 | $80,455 |
| Price-to-Income Ratio | 4.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Eureka rose about 45.6%, while median household income rose about 56.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Eureka | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.2% | 51.7% | 58.5% |
| Rental Rate | 46.5% | 40.8% | 31.2% |
| Vacancy Rate | 10.3% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Eureka has a homeownership rate of 43.2%, lower than the California average of 51.7%. Its housing vacancy rate is 10.3%, compared with 7.5% in California.
Housing Stock
| Metric | Eureka | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1955 | 1975 | 1978 |
| Median Number of Rooms | 4.9 | 5.0 | 5.5 |
The typical housing unit in Eureka was built around 1955. On average, 2.4 people live in a home with about 4.9 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Eureka, California.
What is the median home price in Eureka, California?
The median home price in Eureka, California is $275,558, lower than the California average of $650,794.
What is the average home price in Eureka, California?
The typical home price in Eureka, California, reported as the median sale price, is $275,558. 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 Eureka, California?
The median gross rent in Eureka, California is $1,208 per month, lower than the California average of $2,036.
What was the median gross rent in Eureka in 2020?
In 2020, the median gross rent in Eureka, California was $964 per month.
What is the price-to-rent ratio in Eureka, California?
The price-to-rent ratio in Eureka, California is about 19.0, meaning it would take roughly 19.0 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 Eureka.
Are home prices or rent rising faster in Eureka, California?
Both home prices and rent are rising in Eureka, up about 21.2% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Eureka, California?
43.2% of households in Eureka, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Eureka, California?
The housing vacancy rate in Eureka, California is 10.3%, higher than the California average of 7.5%.
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