Mono County, California Housing Market Prices
Mono County 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 171% above the California median Most expensive county in California$1,766,399
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Median rent 20% below the California median$1,628
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mono County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,766,399 | $650,794 | $248,835 |
| Price Trend (Annual %) | 42.9% | 8.9% | 7.5% |
| Median Gross Rent | $1,628 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mono County is about 171% higher than in California. Rent is about 20% 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 Mono County, up about 42.9% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Mono County rose about 52.4% between 2015 and 2024, from $1,068 to $1,628. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 17.9 yearly household incomes in Mono County.
Buying the median-priced home in Mono County costs roughly 90.4 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 Mono County. The price-to-rent ratio in California is about 26.6.
| Metric | Mono County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,766,399 | $650,794 | $248,835 |
| Median Household Income | $98,683 | $99,161 | $80,455 |
| Price-to-Income Ratio | 17.9 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mono County rose about 786.0%, while median household income rose about 51.6% 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 | Mono County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 27.5% | 51.7% | 58.5% |
| Rental Rate | 14.5% | 40.8% | 31.2% |
| Vacancy Rate | 58.0% | 7.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Mono County has a homeownership rate of 27.5%, lower than the California average of 51.7%. Its housing vacancy rate is 58.0%, compared with 7.5% in California.
Housing Stock
| Metric | Mono County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1982 | 1975 | 1978 |
| Median Number of Rooms | 4.6 | 5.0 | 5.5 |
The typical housing unit in Mono County was built around 1982. On average, 2.2 people live in a home with about 4.6 rooms, staying for about 15.0 years on average.
Mono County, CA Housing Compared With Nearby Counties
Mono County, CA is the smallest of the 5 counties compared here, 13,148 residents against a local median of 58,088. Mono County, CA's median home price, at $1,766,399, runs more than 5 times the $333,368 typical of the counties around it.
Median rent tells the same story from another angle: $1,628 against a local median of $1,315, 24% above it. The counties themselves sit within $324,832 of each other on median home price, a tighter band than the gap between any of them and Mono County, CA, which makes it a genuine outlier here rather than one end of a wide local spread. Mono County, CA has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mono County, CA | 13,148 | $1,766,399 #1/5 | $1,628 #1/5 | 65.4% #5/5 |
| Tuolumne County, CA | 54,498 | $347,704 | $1,301 | 73.9% |
| Mariposa County, CA | 17,082 | $78,333 | $1,305 | 74.7% |
| Lyon County, NV | 61,677 | $319,033 | $1,326 | 76.7% |
| Madera County, CA | 161,170 | $403,165 | $1,390 | 67.5% |
Frequently Asked Questions
Common questions about the housing market in Mono County, California.
What is the median home price in Mono County, California?
The median home price in Mono County, California is $1,766,399, higher than the California average of $650,794.
What is the average home price in Mono County, California?
The typical home price in Mono County, California, reported as the median sale price, is $1,766,399. 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 Mono County, California?
The median gross rent in Mono County, California is $1,628 per month, lower than the California average of $2,036.
What was the median gross rent in Mono County in 2020?
In 2020, the median gross rent in Mono County, California was $1,247 per month.
What is the price-to-rent ratio in Mono County, California?
The price-to-rent ratio in Mono County, California is about 90.4, meaning it would take roughly 90.4 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 Mono County.
Are home prices or rent rising faster in Mono County, California?
Both home prices and rent are rising in Mono County, up about 42.9% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mono County, California?
27.5% of households in Mono County, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Mono County, California?
The housing vacancy rate in Mono County, California is 58.0%, higher than the California average of 7.5%.
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