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 | Modoc County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $439,743 | $642,203 | $242,182 |
| Price Trend (Annual %) | 43.8% | 10.0% | 8.2% |
| Median Gross Rent | $818 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 2.7% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Modoc County is about 32% lower than in California. Rent is about 58% 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 Modoc County, up about 43.8% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Modoc County rose about 25.3% between 2015 and 2023, from $653 to $818. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 7.9 yearly household incomes in Modoc County.
Buying the median-priced home in Modoc County costs roughly 44.8 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 Modoc County. The price-to-rent ratio in California is about 27.4.
| Metric | Modoc County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $439,743 | $642,203 | $242,182 |
| Median Household Income | $55,513 | $96,718 | $78,145 |
| Price-to-Income Ratio | 7.9 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Modoc County rose about 226.4%, while median household income rose about 65.1% between 2009 and 2023 — 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 | Modoc County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.9% | 51.6% | 58.2% |
| Rental Rate | 15.5% | 40.9% | 31.3% |
| Vacancy Rate | 31.6% | 7.6% | 10.6% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Modoc County has a homeownership rate of 52.9%, higher than the California average of 51.6%. Its housing vacancy rate is 31.6%, compared with 7.6% in California.
Housing Stock
| Metric | Modoc County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1972 | 1975 | 1978 |
| Median Number of Rooms | 5.0 | 5.0 | 5.5 |
The typical housing unit in Modoc County was built around 1972. On average, 2.5 people live in a home with about 5.0 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Modoc County, California.
What is the median home price in Modoc County, California?
The median home price in Modoc County, California is $439,743, lower than the California average of $642,203.
What is the average home price in Modoc 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 Modoc County, California?
The median gross rent in Modoc County, California is $818 per month, lower than the California average of $1,955.
What was the median gross rent in Modoc County in 2020?
In 2020, the median gross rent in Modoc County, California was $757 per month.
What is the price-to-rent ratio in Modoc County, California?
The price-to-rent ratio in Modoc County, California is about 44.8, meaning it would take roughly 44.8 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 Modoc County.
Are home prices or rent rising faster in Modoc County, California?
Both home prices and rent are rising in Modoc County, up about 43.8% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Modoc County, California?
52.9% of households in Modoc County, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Modoc County, California?
The housing vacancy rate in Modoc County, California is 31.6%, higher than the California average of 7.6%.