Martinez, California Housing Market Prices
Martinez 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 29% above the California median$841,648
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Median rent 15% above the California median$2,335
Housing Market Overview
| Metric | Martinez | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $841,648 | $650,794 | $248,835 |
| Price Trend (Annual %) | 19.4% | 8.9% | 7.5% |
| Median Gross Rent | $2,335 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Martinez is about 29% higher than in California. Rent is about 15% 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 Martinez, up about 19.4% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Martinez rose about 60.1% between 2015 and 2024, from $1,459 to $2,335. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 6.3 yearly household incomes in Martinez.
Buying the median-priced home in Martinez costs roughly 30.0 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 Martinez. The price-to-rent ratio in California is about 26.6.
| Metric | Martinez | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $841,648 | $650,794 | $248,835 |
| Median Household Income | $134,592 | $99,161 | $80,455 |
| Price-to-Income Ratio | 6.3 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Martinez rose about 145.1%, while median household income rose about 65.6% 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 | Martinez | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.2% | 51.7% | 58.5% |
| Rental Rate | 26.9% | 40.8% | 31.2% |
| Vacancy Rate | 2.9% | 7.5% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Martinez has a homeownership rate of 70.2%, higher than the California average of 51.7%. Its housing vacancy rate is 2.9%, compared with 7.5% in California.
Housing Stock
| Metric | Martinez | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1972 | 1975 | 1978 |
| Median Number of Rooms | 5.8 | 5.0 | 5.5 |
The typical housing unit in Martinez was built around 1972. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Martinez, California.
What is the median home price in Martinez, California?
The median home price in Martinez, California is $841,648, higher than the California average of $650,794.
What is the average home price in Martinez, California?
The typical home price in Martinez, California, reported as the median sale price, is $841,648. 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 Martinez, California?
The median gross rent in Martinez, California is $2,335 per month, higher than the California average of $2,036.
What was the median gross rent in Martinez in 2020?
In 2020, the median gross rent in Martinez, California was $1,876 per month.
What is the price-to-rent ratio in Martinez, California?
The price-to-rent ratio in Martinez, California is about 30.0, meaning it would take roughly 30.0 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 Martinez.
Are home prices or rent rising faster in Martinez, California?
Both home prices and rent are rising in Martinez, up about 19.4% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Martinez, California?
70.2% of households in Martinez, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Martinez, California?
The housing vacancy rate in Martinez, California is 2.9%, lower than the California average of 7.5%.
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