Florence-Graham, California Housing Market Prices
Florence-Graham 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 10% below the California median$586,805
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Median rent 25% below the California median$1,523
Housing Market Overview
| Metric | Florence-Graham | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $586,805 | $650,794 | $248,835 |
| Price Trend (Annual %) | 6.7% | 8.9% | 7.5% |
| Median Gross Rent | $1,523 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Florence-Graham is about 10% lower than in California. Rent is about 25% 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 Florence-Graham, up about 6.7% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Florence-Graham rose about 49.6% between 2015 and 2024, from $1,018 to $1,523. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 9.1 yearly household incomes in Florence-Graham.
Buying the median-priced home in Florence-Graham costs roughly 32.1 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 Florence-Graham. The price-to-rent ratio in California is about 26.6.
| Metric | Florence-Graham | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $586,805 | $650,794 | $248,835 |
| Median Household Income | $64,826 | $99,161 | $80,455 |
| Price-to-Income Ratio | 9.1 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Florence-Graham rose about 120.1%, while median household income rose about 72.0% 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 | Florence-Graham | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 35.3% | 51.7% | 58.5% |
| Rental Rate | 61.3% | 40.8% | 31.2% |
| Vacancy Rate | 3.4% | 7.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Florence-Graham has a homeownership rate of 35.3%, lower than the California average of 51.7%. Its housing vacancy rate is 3.4%, compared with 7.5% in California.
Housing Stock
| Metric | Florence-Graham | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 4.14 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1952 | 1975 | 1978 |
| Median Number of Rooms | 4.8 | 5.0 | 5.5 |
The typical housing unit in Florence-Graham was built around 1952. On average, 4.1 people live in a home with about 4.8 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Florence-Graham, California.
What is the median home price in Florence-Graham, California?
The median home price in Florence-Graham, California is $586,805, lower than the California average of $650,794.
What is the average home price in Florence-Graham, California?
The typical home price in Florence-Graham, California, reported as the median sale price, is $586,805. 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 Florence-Graham, California?
The median gross rent in Florence-Graham, California is $1,523 per month, lower than the California average of $2,036.
What was the median gross rent in Florence-Graham in 2020?
In 2020, the median gross rent in Florence-Graham, California was $1,210 per month.
What is the price-to-rent ratio in Florence-Graham, California?
The price-to-rent ratio in Florence-Graham, California is about 32.1, meaning it would take roughly 32.1 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 Florence-Graham.
Are home prices or rent rising faster in Florence-Graham, California?
Both home prices and rent are rising in Florence-Graham, up about 6.7% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Florence-Graham, California?
35.3% of households in Florence-Graham, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Florence-Graham, California?
The housing vacancy rate in Florence-Graham, California is 3.4%, lower than the California average of 7.5%.
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