Granite Bay, California Housing Market Prices
Granite Bay 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 38% above the California median$901,226
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Median rent 36% above the California median$2,766
Housing Market Overview
| Metric | Granite Bay | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $901,226 | $650,794 | $248,835 |
| Price Trend (Annual %) | 7.3% | 8.9% | 7.5% |
| Median Gross Rent | $2,766 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Granite Bay is about 38% higher than in California. Rent is about 36% higher 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 Granite Bay, up about 7.3% and 6.3% a year respectively. Home prices are changing faster.
Median rent in Granite Bay rose about 71.8% between 2015 and 2024, from $1,610 to $2,766. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Granite Bay.
Buying the median-priced home in Granite Bay costs roughly 27.1 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 Granite Bay. The price-to-rent ratio in California is about 26.6.
| Metric | Granite Bay | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $901,226 | $650,794 | $248,835 |
| Median Household Income | $178,780 | $99,161 | $80,455 |
| Price-to-Income Ratio | 5.0 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Granite Bay rose about 54.7%, while median household income rose about 42.1% 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 | Granite Bay | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 83.5% | 51.7% | 58.5% |
| Rental Rate | 11.4% | 40.8% | 31.2% |
| Vacancy Rate | 5.1% | 7.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Granite Bay has a homeownership rate of 83.5%, higher than the California average of 51.7%. Its housing vacancy rate is 5.1%, compared with 7.5% in California.
Housing Stock
| Metric | Granite Bay | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.86 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1987 | 1975 | 1978 |
| Median Number of Rooms | 7.4 | 5.0 | 5.5 |
The typical housing unit in Granite Bay was built around 1987. On average, 2.9 people live in a home with about 7.4 rooms, staying for about 15.0 years on average.
Granite Bay, CA Housing Compared With Nearby Cities
How Granite Bay, CA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Granite Bay, CA | 20,314 | $901,226 #1/3 | $2,766 #1/3 | 88.0% #1/3 |
| Orangevale, CA | 35,887 | $643,215 | $1,941 | 75.5% |
| Rocklin, CA | 65,025 | $794,644 | $2,240 | 67.6% |
Frequently Asked Questions
Common questions about the housing market in Granite Bay, California.
What is the median home price in Granite Bay, California?
The median home price in Granite Bay, California is $901,226, higher than the California average of $650,794.
What is the average home price in Granite Bay, California?
The typical home price in Granite Bay, California, reported as the median sale price, is $901,226. 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 Granite Bay, California?
The median gross rent in Granite Bay, California is $2,766 per month, higher than the California average of $2,036.
What was the median gross rent in Granite Bay in 2020?
In 2020, the median gross rent in Granite Bay, California was $2,045 per month.
What is the price-to-rent ratio in Granite Bay, California?
The price-to-rent ratio in Granite Bay, California is about 27.1, meaning it would take roughly 27.1 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 Granite Bay.
Are home prices or rent rising faster in Granite Bay, California?
Both home prices and rent are rising in Granite Bay, up about 7.3% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Granite Bay, California?
83.5% of households in Granite Bay, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Granite Bay, California?
The housing vacancy rate in Granite Bay, California is 5.1%, lower than the California average of 7.5%.
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