Los Banos, California Housing Market Prices
Los Banos 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 33% below the California median$439,173
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Median rent 27% below the California median$1,484
Housing Market Overview
| Metric | Los Banos | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $439,173 | $650,794 | $248,835 |
| Price Trend (Annual %) | 7.3% | 8.9% | 7.5% |
| Median Gross Rent | $1,484 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Los Banos is about 33% 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 Los Banos, up about 7.3% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Los Banos rose about 51.5% between 2015 and 2024, from $980 to $1,484. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 6.6 yearly household incomes in Los Banos.
Buying the median-priced home in Los Banos costs roughly 24.7 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 Los Banos. The price-to-rent ratio in California is about 26.6.
| Metric | Los Banos | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $439,173 | $650,794 | $248,835 |
| Median Household Income | $66,132 | $99,161 | $80,455 |
| Price-to-Income Ratio | 6.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Los Banos rose about 209.4%, while median household income rose about 31.2% 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 | Los Banos | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.0% | 51.7% | 58.5% |
| Rental Rate | 40.7% | 40.8% | 31.2% |
| Vacancy Rate | 4.4% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Los Banos has a homeownership rate of 55.0%, higher than the California average of 51.7%. Its housing vacancy rate is 4.4%, compared with 7.5% in California.
Housing Stock
| Metric | Los Banos | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.43 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1994 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 5.0 | 5.5 |
The typical housing unit in Los Banos was built around 1994. On average, 3.4 people live in a home with about 5.4 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Los Banos, California.
What is the median home price in Los Banos, California?
The median home price in Los Banos, California is $439,173, lower than the California average of $650,794.
What is the average home price in Los Banos, California?
The typical home price in Los Banos, California, reported as the median sale price, is $439,173. 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 Los Banos, California?
The median gross rent in Los Banos, California is $1,484 per month, lower than the California average of $2,036.
What was the median gross rent in Los Banos in 2020?
In 2020, the median gross rent in Los Banos, California was $1,211 per month.
What is the price-to-rent ratio in Los Banos, California?
The price-to-rent ratio in Los Banos, California is about 24.7, meaning it would take roughly 24.7 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 Los Banos.
Are home prices or rent rising faster in Los Banos, California?
Both home prices and rent are rising in Los Banos, up about 7.3% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Los Banos, California?
55.0% of households in Los Banos, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Los Banos, California?
The housing vacancy rate in Los Banos, California is 4.4%, lower than the California average of 7.5%.
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