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 | Lassen County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,053 | $642,203 | $242,182 |
| Price Trend (Annual %) | 14.2% | 10.0% | 8.2% |
| Median Gross Rent | $1,042 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 1.9% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lassen County is about 62% lower than in California. Rent is about 47% 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 Lassen County, up about 14.2% and 1.9% a year respectively. Home prices are changing faster.
Median rent in Lassen County rose about 18.3% between 2015 and 2023, from $881 to $1,042. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Lassen County.
Buying the median-priced home in Lassen County costs roughly 19.5 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 Lassen County. The price-to-rent ratio in California is about 27.4.
| Metric | Lassen County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,053 | $642,203 | $242,182 |
| Median Household Income | $65,145 | $96,718 | $78,145 |
| Price-to-Income Ratio | 3.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Lassen County rose about 211.0%, while median household income rose about 33.5% 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 | Lassen County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.5% | 51.6% | 58.2% |
| Rental Rate | 23.5% | 40.9% | 31.3% |
| Vacancy Rate | 25.9% | 7.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Lassen County has a homeownership rate of 50.5%, lower than the California average of 51.6%. Its housing vacancy rate is 25.9%, compared with 7.6% in California.
Housing Stock
| Metric | Lassen County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1975 | 1975 | 1978 |
| Median Number of Rooms | 5.1 | 5.0 | 5.5 |
The typical housing unit in Lassen County was built around 1975. On average, 2.6 people live in a home with about 5.1 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lassen County, California.
What is the median home price in Lassen County, California?
The median home price in Lassen County, California is $244,053, lower than the California average of $642,203.
What is the average home price in Lassen 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 Lassen County, California?
The median gross rent in Lassen County, California is $1,042 per month, lower than the California average of $1,955.
What was the median gross rent in Lassen County in 2020?
In 2020, the median gross rent in Lassen County, California was $928 per month.
What is the price-to-rent ratio in Lassen County, California?
The price-to-rent ratio in Lassen County, California is about 19.5, meaning it would take roughly 19.5 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 Lassen County.
Are home prices or rent rising faster in Lassen County, California?
Both home prices and rent are rising in Lassen County, up about 14.2% and 1.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lassen County, California?
50.5% of households in Lassen County, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Lassen County, California?
The housing vacancy rate in Lassen County, California is 25.9%, higher than the California average of 7.6%.