Fair Oaks, California Housing Market Prices
Fair Oaks 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 4% below the California median$625,000
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Median rent 7% below the California median$1,898
Housing Market Overview
| Metric | Fair Oaks | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $650,794 | $248,835 |
| Price Trend (Annual %) | 8.3% | 8.9% | 7.5% |
| Median Gross Rent | $1,898 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 6.7% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fair Oaks is about 4% lower than in California. Rent is about 7% 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 Fair Oaks, up about 8.3% and 6.7% a year respectively. Home prices are changing faster.
Median rent in Fair Oaks rose about 77.6% between 2015 and 2024, from $1,069 to $1,898. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Fair Oaks.
Buying the median-priced home in Fair Oaks costs roughly 27.4 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 Fair Oaks. The price-to-rent ratio in California is about 26.6.
| Metric | Fair Oaks | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $650,794 | $248,835 |
| Median Household Income | $117,596 | $99,161 | $80,455 |
| Price-to-Income Ratio | 5.3 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fair Oaks rose about 158.7%, while median household income rose about 49.5% 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 | Fair Oaks | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.8% | 51.7% | 58.5% |
| Rental Rate | 27.5% | 40.8% | 31.2% |
| Vacancy Rate | 3.7% | 7.5% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Fair Oaks has a homeownership rate of 68.8%, higher than the California average of 51.7%. Its housing vacancy rate is 3.7%, compared with 7.5% in California.
Housing Stock
| Metric | Fair Oaks | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1976 | 1975 | 1978 |
| Median Number of Rooms | 6.0 | 5.0 | 5.5 |
The typical housing unit in Fair Oaks was built around 1976. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 14.0 years on average.
Fair Oaks, CA Housing Compared With Nearby Cities
Fair Oaks, CA is the smallest of the 5 cities compared here, 32,617 residents against a local median of 77,088. Fair Oaks, CA's median home price, at $625,000, runs 29% above the $483,327 typical of the cities around it.
Homeownership tells the same story from another angle: 71.4% against a local median of 58.8%, 22% above it. The one measure here that carries a verdict is homeownership, and at 22% above the local median it puts Fair Oaks, CA at the better end of the local range. The cities themselves spread $173,492 on median home price, so Fair Oaks, CA sits at one end of an already wide local range rather than apart from it. Fair Oaks, CA has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fair Oaks, CA | 32,617 | $625,000 #2/5 | $1,898 #2/5 | 71.4% #2/5 |
| Orangevale, CA | 35,887 | $643,215 | $1,941 | 75.5% |
| Citrus Heights, CA | 86,009 | $469,723 | $1,833 | 59.1% |
| Rancho Cordova, CA | 77,906 | $488,285 | $1,807 | 58.5% |
| Carmichael, CA | 76,270 | $478,370 | $1,694 | 55.3% |
Frequently Asked Questions
Common questions about the housing market in Fair Oaks, California.
What is the median home price in Fair Oaks, California?
The median home price in Fair Oaks, California is $625,000, lower than the California average of $650,794.
What is the average home price in Fair Oaks, California?
The typical home price in Fair Oaks, California, reported as the median sale price, is $625,000. 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 Fair Oaks, California?
The median gross rent in Fair Oaks, California is $1,898 per month, lower than the California average of $2,036.
What was the median gross rent in Fair Oaks in 2020?
In 2020, the median gross rent in Fair Oaks, California was $1,418 per month.
What is the price-to-rent ratio in Fair Oaks, California?
The price-to-rent ratio in Fair Oaks, California is about 27.4, meaning it would take roughly 27.4 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 Fair Oaks.
Are home prices or rent rising faster in Fair Oaks, California?
Both home prices and rent are rising in Fair Oaks, up about 8.3% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fair Oaks, California?
68.8% of households in Fair Oaks, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Fair Oaks, California?
The housing vacancy rate in Fair Oaks, California is 3.7%, lower than the California average of 7.5%.
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