Lathrop, California Housing Market Prices
Lathrop 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 24% below the California median$494,507
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Median rent 16% above the California median$2,371
Housing Market Overview
| Metric | Lathrop | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $494,507 | $650,794 | $248,835 |
| Price Trend (Annual %) | 15.0% | 8.9% | 7.5% |
| Median Gross Rent | $2,371 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lathrop is about 24% lower than in California. Rent is about 16% 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 Lathrop, up about 15.0% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Lathrop rose about 65.6% between 2015 and 2024, from $1,432 to $2,371. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Lathrop.
Buying the median-priced home in Lathrop costs roughly 17.4 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 Lathrop. The price-to-rent ratio in California is about 26.6.
| Metric | Lathrop | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $494,507 | $650,794 | $248,835 |
| Median Household Income | $113,670 | $99,161 | $80,455 |
| Price-to-Income Ratio | 4.4 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lathrop rose about 894.5%, while median household income rose about 52.1% 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 | Lathrop | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 79.5% | 51.7% | 58.5% |
| Rental Rate | 16.8% | 40.8% | 31.2% |
| Vacancy Rate | 3.7% | 7.5% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Lathrop has a homeownership rate of 79.5%, higher than the California average of 51.7%. Its housing vacancy rate is 3.7%, compared with 7.5% in California.
Housing Stock
| Metric | Lathrop | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.95 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 2001 | 1975 | 1978 |
| Median Number of Rooms | 6.5 | 5.0 | 5.5 |
The typical housing unit in Lathrop was built around 2001. On average, 4.0 people live in a home with about 6.5 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lathrop, California.
What is the median home price in Lathrop, California?
The median home price in Lathrop, California is $494,507, lower than the California average of $650,794.
What is the average home price in Lathrop, California?
The typical home price in Lathrop, California, reported as the median sale price, is $494,507. 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 Lathrop, California?
The median gross rent in Lathrop, California is $2,371 per month, higher than the California average of $2,036.
What was the median gross rent in Lathrop in 2020?
In 2020, the median gross rent in Lathrop, California was $1,624 per month.
What is the price-to-rent ratio in Lathrop, California?
The price-to-rent ratio in Lathrop, California is about 17.4, meaning it would take roughly 17.4 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 Lathrop.
Are home prices or rent rising faster in Lathrop, California?
Both home prices and rent are rising in Lathrop, up about 15.0% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lathrop, California?
79.5% of households in Lathrop, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Lathrop, California?
The housing vacancy rate in Lathrop, California is 3.7%, lower than the California average of 7.5%.
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