Lemoore, California Housing Market Prices
Lemoore 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 65% below the California median$230,708
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Median rent 27% below the California median$1,477
Housing Market Overview
| Metric | Lemoore | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $230,708 | $650,794 | $248,835 |
| Price Trend (Annual %) | 14.4% | 8.9% | 7.5% |
| Median Gross Rent | $1,477 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 7.2% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lemoore is about 65% lower than in California. Rent is about 27% lower 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 Lemoore, up about 14.4% and 7.2% a year respectively. Home prices are changing faster.
Median rent in Lemoore rose about 75.0% between 2015 and 2024, from $844 to $1,477. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Lemoore.
Buying the median-priced home in Lemoore costs roughly 13.0 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 Lemoore. The price-to-rent ratio in California is about 26.6.
| Metric | Lemoore | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $230,708 | $650,794 | $248,835 |
| Median Household Income | $80,115 | $99,161 | $80,455 |
| Price-to-Income Ratio | 2.9 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lemoore rose about 194.4%, while median household income rose about 44.3% 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 | Lemoore | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.1% | 51.7% | 58.5% |
| Rental Rate | 47.0% | 40.8% | 31.2% |
| Vacancy Rate | 5.9% | 7.5% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Lemoore has a homeownership rate of 47.1%, lower than the California average of 51.7%. Its housing vacancy rate is 5.9%, compared with 7.5% in California.
Housing Stock
| Metric | Lemoore | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.03 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1987 | 1975 | 1978 |
| Median Number of Rooms | 5.1 | 5.0 | 5.5 |
The typical housing unit in Lemoore was built around 1987. On average, 3.0 people live in a home with about 5.1 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lemoore, California.
What is the median home price in Lemoore, California?
The median home price in Lemoore, California is $230,708, lower than the California average of $650,794.
What is the average home price in Lemoore, California?
The typical home price in Lemoore, California, reported as the median sale price, is $230,708. 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 Lemoore, California?
The median gross rent in Lemoore, California is $1,477 per month, lower than the California average of $2,036.
What was the median gross rent in Lemoore in 2020?
In 2020, the median gross rent in Lemoore, California was $1,061 per month.
What is the price-to-rent ratio in Lemoore, California?
The price-to-rent ratio in Lemoore, California is about 13.0, meaning it would take roughly 13.0 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 Lemoore.
Are home prices or rent rising faster in Lemoore, California?
Both home prices and rent are rising in Lemoore, up about 14.4% and 7.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lemoore, California?
47.1% of households in Lemoore, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Lemoore, California?
The housing vacancy rate in Lemoore, California is 5.9%, lower than the California average of 7.5%.
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