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.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Inyo County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $147,793 | $642,203 | $242,182 |
| Price Trend (Annual %) | 49.6% | 10.0% | 8.2% |
| Median Gross Rent | $1,139 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Inyo County is about 77% lower than in California. Rent is about 42% lower 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 Inyo County, up about 49.6% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Inyo County rose about 35.1% between 2015 and 2023, from $844 to $1,139. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Inyo County.
Buying the median-priced home in Inyo County costs roughly 10.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Inyo County. The price-to-rent ratio in California is about 27.4.
| Metric | Inyo County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $147,793 | $642,203 | $242,182 |
| Median Household Income | $73,565 | $96,718 | $78,145 |
| Price-to-Income Ratio | 2.0 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Inyo County rose about 342.4%, while median household income rose about 63.6% 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 | Inyo County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.0% | 51.6% | 58.2% |
| Rental Rate | 27.4% | 40.9% | 31.3% |
| Vacancy Rate | 16.6% | 7.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Inyo County has a homeownership rate of 56.0%, higher than the California average of 51.6%. Its housing vacancy rate is 16.6%, compared with 7.6% in California.
Housing Stock
| Metric | Inyo County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1979 | 1975 | 1978 |
| Median Number of Rooms | 5.1 | 5.0 | 5.5 |
The typical housing unit in Inyo County was built around 1979. On average, 2.3 people live in a home with about 5.1 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Inyo County, California.
What is the median home price in Inyo County, California?
The median home price in Inyo County, California is $147,793, lower than the California average of $642,203.
What is the average home price in Inyo County, 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 Inyo County, California?
The median gross rent in Inyo County, California is $1,139 per month, lower than the California average of $1,955.
What was the median gross rent in Inyo County in 2020?
In 2020, the median gross rent in Inyo County, California was $938 per month.
What is the price-to-rent ratio in Inyo County, California?
The price-to-rent ratio in Inyo County, California is about 10.8, meaning it would take roughly 10.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Inyo County.
Are home prices or rent rising faster in Inyo County, California?
Both home prices and rent are rising in Inyo County, up about 49.6% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Inyo County, California?
56.0% of households in Inyo County, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Inyo County, California?
The housing vacancy rate in Inyo County, California is 16.6%, higher than the California average of 7.6%.