Fallbrook, California Housing Market Prices
Fallbrook 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 41% above the California median$918,623
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Median rent 12% below the California median$1,785
Housing Market Overview
| Metric | Fallbrook | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $918,623 | $650,794 | $248,835 |
| Price Trend (Annual %) | 14.5% | 8.9% | 7.5% |
| Median Gross Rent | $1,785 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 7.0% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fallbrook is about 41% higher than in California. Rent is about 12% 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 Fallbrook, up about 14.5% and 7.0% a year respectively. Home prices are changing faster.
Median rent in Fallbrook rose about 76.3% between 2015 and 2024, from $1,012 to $1,785. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 10.3 yearly household incomes in Fallbrook.
Buying the median-priced home in Fallbrook costs roughly 42.9 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 Fallbrook. The price-to-rent ratio in California is about 26.6.
| Metric | Fallbrook | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $918,623 | $650,794 | $248,835 |
| Median Household Income | $89,505 | $99,161 | $80,455 |
| Price-to-Income Ratio | 10.3 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fallbrook rose about 118.7%, while median household income rose about 39.1% 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 | Fallbrook | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.1% | 51.7% | 58.5% |
| Rental Rate | 42.6% | 40.8% | 31.2% |
| Vacancy Rate | 6.3% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Fallbrook has a homeownership rate of 51.1%, lower than the California average of 51.7%. Its housing vacancy rate is 6.3%, compared with 7.5% in California.
Housing Stock
| Metric | Fallbrook | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.28 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1982 | 1975 | 1978 |
| Median Number of Rooms | 5.0 | 5.0 | 5.5 |
The typical housing unit in Fallbrook was built around 1982. On average, 3.3 people live in a home with about 5.0 rooms, staying for about 13.0 years on average.
Fallbrook, CA Housing Compared With Nearby Cities
How Fallbrook, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fallbrook, CA | 29,126 | $918,623 #1/2 | $1,785 #2/2 | 54.5% #2/2 |
| Temecula, CA | 92,602 | $664,655 | $2,364 | 68.3% |
Frequently Asked Questions
Common questions about the housing market in Fallbrook, California.
What is the median home price in Fallbrook, California?
The median home price in Fallbrook, California is $918,623, higher than the California average of $650,794.
What is the average home price in Fallbrook, California?
The typical home price in Fallbrook, California, reported as the median sale price, is $918,623. 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 Fallbrook, California?
The median gross rent in Fallbrook, California is $1,785 per month, lower than the California average of $2,036.
What was the median gross rent in Fallbrook in 2020?
In 2020, the median gross rent in Fallbrook, California was $1,306 per month.
What is the price-to-rent ratio in Fallbrook, California?
The price-to-rent ratio in Fallbrook, California is about 42.9, meaning it would take roughly 42.9 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 Fallbrook.
Are home prices or rent rising faster in Fallbrook, California?
Both home prices and rent are rising in Fallbrook, up about 14.5% and 7.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fallbrook, California?
51.1% of households in Fallbrook, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Fallbrook, California?
The housing vacancy rate in Fallbrook, California is 6.3%, lower than the California average of 7.5%.
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