Hayward, California Housing Market Prices
Hayward 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 2% below the California median$634,595
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Median rent 17% above the California median$2,385
Housing Market Overview
| Metric | Hayward | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $634,595 | $650,794 | $248,835 |
| Price Trend (Annual %) | 8.2% | 8.9% | 7.5% |
| Median Gross Rent | $2,385 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 6.8% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hayward is about 2% lower than in California. Rent is about 17% 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 Hayward, up about 8.2% and 6.8% a year respectively. Home prices are changing faster.
Median rent in Hayward rose about 77.0% between 2015 and 2024, from $1,347 to $2,385. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Hayward.
Buying the median-priced home in Hayward costs roughly 22.2 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 Hayward. The price-to-rent ratio in California is about 26.6.
| Metric | Hayward | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $634,595 | $650,794 | $248,835 |
| Median Household Income | $113,608 | $99,161 | $80,455 |
| Price-to-Income Ratio | 5.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hayward rose about 91.6%, while median household income rose about 73.8% 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 | Hayward | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.3% | 51.7% | 58.5% |
| Rental Rate | 39.7% | 40.8% | 31.2% |
| Vacancy Rate | 5.0% | 7.5% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Hayward has a homeownership rate of 55.3%, higher than the California average of 51.7%. Its housing vacancy rate is 5.0%, compared with 7.5% in California.
Housing Stock
| Metric | Hayward | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.16 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1972 | 1975 | 1978 |
| Median Number of Rooms | 4.7 | 5.0 | 5.5 |
The typical housing unit in Hayward was built around 1972. On average, 3.2 people live in a home with about 4.7 rooms, staying for about 14.0 years on average.
Hayward, CA Housing Compared With Nearby Cities
How Hayward, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hayward, CA | 153,435 | $634,595 #2/2 | $2,385 #2/2 | 58.2% #2/2 |
| Union City, CA | 67,563 | $799,193 | $2,710 | 65.4% |
Frequently Asked Questions
Common questions about the housing market in Hayward, California.
What is the median home price in Hayward, California?
The median home price in Hayward, California is $634,595, lower than the California average of $650,794.
What is the average home price in Hayward, California?
The typical home price in Hayward, California, reported as the median sale price, is $634,595. 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 Hayward, California?
The median gross rent in Hayward, California is $2,385 per month, higher than the California average of $2,036.
What was the median gross rent in Hayward in 2020?
In 2020, the median gross rent in Hayward, California was $1,898 per month.
What is the price-to-rent ratio in Hayward, California?
The price-to-rent ratio in Hayward, California is about 22.2, meaning it would take roughly 22.2 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 Hayward.
Are home prices or rent rising faster in Hayward, California?
Both home prices and rent are rising in Hayward, up about 8.2% and 6.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hayward, California?
55.3% of households in Hayward, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Hayward, California?
The housing vacancy rate in Hayward, California is 5.0%, lower than the California average of 7.5%.
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