Hercules, California Housing Market Prices
Hercules 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 1% above the California median$654,296
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Median rent 49% above the California median$3,025
Housing Market Overview
| Metric | Hercules | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $654,296 | $650,794 | $248,835 |
| Price Trend (Annual %) | 20.0% | 8.9% | 7.5% |
| Median Gross Rent | $3,025 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 7.4% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hercules is about 1% higher than in California. Rent is about 49% 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 Hercules, up about 20.0% and 7.4% a year respectively. Home prices are changing faster.
Median rent in Hercules rose about 97.0% between 2015 and 2024, from $1,536 to $3,025. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Hercules.
Buying the median-priced home in Hercules costs roughly 18.0 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 Hercules. The price-to-rent ratio in California is about 26.6.
| Metric | Hercules | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $654,296 | $650,794 | $248,835 |
| Median Household Income | $135,875 | $99,161 | $80,455 |
| Price-to-Income Ratio | 4.8 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hercules rose about 96.5%, while median household income rose about 57.6% 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 | Hercules | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.8% | 51.7% | 58.5% |
| Rental Rate | 20.8% | 40.8% | 31.2% |
| Vacancy Rate | 2.4% | 7.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Hercules has a homeownership rate of 76.8%, higher than the California average of 51.7%. Its housing vacancy rate is 2.4%, compared with 7.5% in California.
Housing Stock
| Metric | Hercules | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.85 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1991 | 1975 | 1978 |
| Median Number of Rooms | 6.1 | 5.0 | 5.5 |
The typical housing unit in Hercules was built around 1991. On average, 2.9 people live in a home with about 6.1 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hercules, California.
What is the median home price in Hercules, California?
The median home price in Hercules, California is $654,296, higher than the California average of $650,794.
What is the average home price in Hercules, California?
The typical home price in Hercules, California, reported as the median sale price, is $654,296. 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 Hercules, California?
The median gross rent in Hercules, California is $3,025 per month, higher than the California average of $2,036.
What was the median gross rent in Hercules in 2020?
In 2020, the median gross rent in Hercules, California was $2,674 per month.
What is the price-to-rent ratio in Hercules, California?
The price-to-rent ratio in Hercules, California is about 18.0, meaning it would take roughly 18.0 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 Hercules.
Are home prices or rent rising faster in Hercules, California?
Both home prices and rent are rising in Hercules, up about 20.0% and 7.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hercules, California?
76.8% of households in Hercules, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Hercules, California?
The housing vacancy rate in Hercules, California is 2.4%, lower than the California average of 7.5%.
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