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 | French Valley | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $549,712 | $642,203 | $242,182 |
| Price Trend (Annual %) | 8.8% | 10.0% | 8.2% |
| Median Gross Rent | $2,811 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 7.1% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in French Valley is about 14% lower than in California. Rent is about 44% 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 French Valley, up about 8.8% and 7.1% a year respectively. Home prices are changing faster.
Median rent in French Valley rose about 71.9% between 2015 and 2023, from $1,635 to $2,811. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in French Valley.
Buying the median-priced home in French Valley costs roughly 16.3 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 French Valley. The price-to-rent ratio in California is about 27.4.
| Metric | French Valley | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $549,712 | $642,203 | $242,182 |
| Median Household Income | $131,548 | $96,718 | $78,145 |
| Price-to-Income Ratio | 4.2 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in French Valley rose about 95.8%, while median household income rose about 40.6% 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 | French Valley | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.8% | 51.6% | 58.2% |
| Rental Rate | 18.0% | 40.9% | 31.3% |
| Vacancy Rate | 4.2% | 7.6% | 10.6% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
French Valley has a homeownership rate of 77.8%, higher than the California average of 51.6%. Its housing vacancy rate is 4.2%, compared with 7.6% in California.
Housing Stock
| Metric | French Valley | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.72 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 2009 | 1975 | 1978 |
| Median Number of Rooms | 7.3 | 5.0 | 5.5 |
The typical housing unit in French Valley was built around 2009. On average, 3.7 people live in a home with about 7.3 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in French Valley, California.
What is the median home price in French Valley, California?
The median home price in French Valley, California is $549,712, lower than the California average of $642,203.
What is the average home price in French Valley, 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 French Valley, California?
The median gross rent in French Valley, California is $2,811 per month, higher than the California average of $1,955.
What was the median gross rent in French Valley in 2020?
In 2020, the median gross rent in French Valley, California was $2,216 per month.
What is the price-to-rent ratio in French Valley, California?
The price-to-rent ratio in French Valley, California is about 16.3, meaning it would take roughly 16.3 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 French Valley.
Are home prices or rent rising faster in French Valley, California?
Both home prices and rent are rising in French Valley, up about 8.8% and 7.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in French Valley, California?
77.8% of households in French Valley, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in French Valley, California?
The housing vacancy rate in French Valley, California is 4.2%, lower than the California average of 7.6%.