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 | Jurupa Valley | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $447,559 | $642,203 | $242,182 |
| Price Trend (Annual %) | 12.5% | 10.0% | 8.2% |
| Median Gross Rent | $1,766 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.9% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jurupa Valley is about 30% lower than in California. Rent is about 10% 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 Jurupa Valley, up about 12.5% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Jurupa Valley rose about 55.3% between 2015 and 2023, from $1,137 to $1,766. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Jurupa Valley.
Buying the median-priced home in Jurupa Valley costs roughly 21.1 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 Jurupa Valley. The price-to-rent ratio in California is about 27.4.
| Metric | Jurupa Valley | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $447,559 | $642,203 | $242,182 |
| Median Household Income | $96,710 | $96,718 | $78,145 |
| Price-to-Income Ratio | 4.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Jurupa Valley rose about 121.4%, while median household income rose about 59.6% 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 | Jurupa Valley | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.8% | 51.6% | 58.2% |
| Rental Rate | 30.2% | 40.9% | 31.3% |
| Vacancy Rate | 4.1% | 7.6% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Jurupa Valley has a homeownership rate of 65.8%, higher than the California average of 51.6%. Its housing vacancy rate is 4.1%, compared with 7.6% in California.
Housing Stock
| Metric | Jurupa Valley | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.87 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1981 | 1975 | 1978 |
| Median Number of Rooms | 5.7 | 5.0 | 5.5 |
The typical housing unit in Jurupa Valley was built around 1981. On average, 3.9 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jurupa Valley, California.
What is the median home price in Jurupa Valley, California?
The median home price in Jurupa Valley, California is $447,559, lower than the California average of $642,203.
What is the average home price in Jurupa Valley, 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 Jurupa Valley, California?
The median gross rent in Jurupa Valley, California is $1,766 per month, lower than the California average of $1,955.
What was the median gross rent in Jurupa Valley in 2020?
In 2020, the median gross rent in Jurupa Valley, California was $1,444 per month.
What is the price-to-rent ratio in Jurupa Valley, California?
The price-to-rent ratio in Jurupa Valley, California is about 21.1, meaning it would take roughly 21.1 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 Jurupa Valley.
Are home prices or rent rising faster in Jurupa Valley, California?
Both home prices and rent are rising in Jurupa Valley, up about 12.5% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jurupa Valley, California?
65.8% of households in Jurupa Valley, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Jurupa Valley, California?
The housing vacancy rate in Jurupa Valley, California is 4.1%, lower than the California average of 7.6%.