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 | Marin County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $797,212 | $642,203 | $242,182 |
| Price Trend (Annual %) | 3.9% | 10.0% | 8.2% |
| Median Gross Rent | $2,584 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.6% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marin County is about 24% higher than in California. Rent is about 32% higher 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 Marin County, up about 3.9% and 5.6% a year respectively. Rent is changing faster.
Median rent in Marin County rose about 54.0% between 2015 and 2023, from $1,678 to $2,584. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Marin County.
Buying the median-priced home in Marin County costs roughly 25.7 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 Marin County. The price-to-rent ratio in California is about 27.4.
| Metric | Marin County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $797,212 | $642,203 | $242,182 |
| Median Household Income | $143,102 | $96,718 | $78,145 |
| Price-to-Income Ratio | 5.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Marin County rose about 21.4%, while median household income rose about 61.1% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Marin County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.9% | 51.6% | 58.2% |
| Rental Rate | 33.3% | 40.9% | 31.3% |
| Vacancy Rate | 7.7% | 7.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Marin County has a homeownership rate of 58.9%, higher than the California average of 51.6%. Its housing vacancy rate is 7.7%, compared with 7.6% in California.
Housing Stock
| Metric | Marin County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1963 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 5.0 | 5.5 |
The typical housing unit in Marin County was built around 1963. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Marin County, California.
What is the median home price in Marin County, California?
The median home price in Marin County, California is $797,212, higher than the California average of $642,203.
What is the average home price in Marin 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 Marin County, California?
The median gross rent in Marin County, California is $2,584 per month, higher than the California average of $1,955.
What was the median gross rent in Marin County in 2020?
In 2020, the median gross rent in Marin County, California was $2,169 per month.
What is the price-to-rent ratio in Marin County, California?
The price-to-rent ratio in Marin County, California is about 25.7, meaning it would take roughly 25.7 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 Marin County.
Are home prices or rent rising faster in Marin County, California?
Both home prices and rent are rising in Marin County, up about 3.9% and 5.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Marin County, California?
58.9% of households in Marin County, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Marin County, California?
The housing vacancy rate in Marin County, California is 7.7%, higher than the California average of 7.6%.