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 | Mendocino County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $462,808 | $642,203 | $242,182 |
| Price Trend (Annual %) | 4.1% | 10.0% | 8.2% |
| Median Gross Rent | $1,325 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 4.5% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mendocino County is about 28% lower than in California. Rent is about 32% lower 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 Mendocino County, up about 4.1% and 4.5% a year respectively. Rent is changing faster.
Median rent in Mendocino County rose about 38.1% between 2015 and 2023, from $960 to $1,325. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 7.0 yearly household incomes in Mendocino County.
Buying the median-priced home in Mendocino County costs roughly 29.1 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 Mendocino County. The price-to-rent ratio in California is about 27.4.
| Metric | Mendocino County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $462,808 | $642,203 | $242,182 |
| Median Household Income | $66,386 | $96,718 | $78,145 |
| Price-to-Income Ratio | 7.0 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Mendocino County fell about 0.0%, while median household income rose about 54.3% 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 | Mendocino County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.7% | 51.6% | 58.2% |
| Rental Rate | 32.6% | 40.9% | 31.3% |
| Vacancy Rate | 16.7% | 7.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Mendocino County has a homeownership rate of 50.7%, lower than the California average of 51.6%. Its housing vacancy rate is 16.7%, compared with 7.6% in California.
Housing Stock
| Metric | Mendocino County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1976 | 1975 | 1978 |
| Median Number of Rooms | 4.8 | 5.0 | 5.5 |
The typical housing unit in Mendocino County was built around 1976. On average, 2.5 people live in a home with about 4.8 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Mendocino County, California.
What is the median home price in Mendocino County, California?
The median home price in Mendocino County, California is $462,808, lower than the California average of $642,203.
What is the average home price in Mendocino 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 Mendocino County, California?
The median gross rent in Mendocino County, California is $1,325 per month, lower than the California average of $1,955.
What was the median gross rent in Mendocino County in 2020?
In 2020, the median gross rent in Mendocino County, California was $1,134 per month.
What is the price-to-rent ratio in Mendocino County, California?
The price-to-rent ratio in Mendocino County, California is about 29.1, meaning it would take roughly 29.1 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 Mendocino County.
Are home prices or rent rising faster in Mendocino County, California?
Both home prices and rent are rising in Mendocino County, up about 4.1% and 4.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Mendocino County, California?
50.7% of households in Mendocino County, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Mendocino County, California?
The housing vacancy rate in Mendocino County, California is 16.7%, higher than the California average of 7.6%.