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 | Huntington Beach | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $969,562 | $642,203 | $242,182 |
| Price Trend (Annual %) | 9.9% | 10.0% | 8.2% |
| Median Gross Rent | $2,421 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.4% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Huntington Beach is about 51% higher than in California. Rent is about 24% 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 Huntington Beach, up about 9.9% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Huntington Beach rose about 50.0% between 2015 and 2023, from $1,613 to $2,421. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 8.1 yearly household incomes in Huntington Beach.
Buying the median-priced home in Huntington Beach costs roughly 33.4 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 Huntington Beach. The price-to-rent ratio in California is about 27.4.
| Metric | Huntington Beach | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $969,562 | $642,203 | $242,182 |
| Median Household Income | $119,397 | $96,718 | $78,145 |
| Price-to-Income Ratio | 8.1 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Huntington Beach rose about 113.7%, while median household income rose about 49.8% 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 | Huntington Beach | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.5% | 51.6% | 58.2% |
| Rental Rate | 41.5% | 40.9% | 31.3% |
| Vacancy Rate | 5.0% | 7.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Huntington Beach has a homeownership rate of 53.5%, higher than the California average of 51.6%. Its housing vacancy rate is 5.0%, compared with 7.6% in California.
Housing Stock
| Metric | Huntington Beach | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1977 | 1975 | 1978 |
| Median Number of Rooms | 5.2 | 5.0 | 5.5 |
The typical housing unit in Huntington Beach was built around 1977. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Huntington Beach, California.
What is the median home price in Huntington Beach, California?
The median home price in Huntington Beach, California is $969,562, higher than the California average of $642,203.
What is the average home price in Huntington Beach, 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 Huntington Beach, California?
The median gross rent in Huntington Beach, California is $2,421 per month, higher than the California average of $1,955.
What was the median gross rent in Huntington Beach in 2020?
In 2020, the median gross rent in Huntington Beach, California was $1,951 per month.
What is the price-to-rent ratio in Huntington Beach, California?
The price-to-rent ratio in Huntington Beach, California is about 33.4, meaning it would take roughly 33.4 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 Huntington Beach.
Are home prices or rent rising faster in Huntington Beach, California?
Both home prices and rent are rising in Huntington Beach, up about 9.9% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Huntington Beach, California?
53.5% of households in Huntington Beach, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Huntington Beach, California?
The housing vacancy rate in Huntington Beach, California is 5.0%, lower than the California average of 7.6%.