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.
Housing Market Overview
| Metric | Mountain View | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,000,000 | $642,203 | $242,182 |
| Price Trend (Annual %) | 13.6% | 10.0% | 8.2% |
| Median Gross Rent | $2,982 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.6% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mountain View is about 211% higher than in California. Rent is about 53% 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 Mountain View, up about 13.6% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Mountain View rose about 67.9% between 2015 and 2023, from $1,775 to $2,982. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 10.8 yearly household incomes in Mountain View.
Buying the median-priced home in Mountain View costs roughly 55.9 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 Mountain View. The price-to-rent ratio in California is about 27.4.
| Metric | Mountain View | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,000,000 | $642,203 | $242,182 |
| Median Household Income | $184,360 | $96,718 | $78,145 |
| Price-to-Income Ratio | 10.8 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Mountain View rose about 157.9%, while median household income rose about 110.0% 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 | Mountain View | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 35.3% | 51.6% | 58.2% |
| Rental Rate | 54.8% | 40.9% | 31.3% |
| Vacancy Rate | 9.9% | 7.6% | 10.6% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Mountain View has a homeownership rate of 35.3%, lower than the California average of 51.6%. Its housing vacancy rate is 9.9%, compared with 7.6% in California.
Housing Stock
| Metric | Mountain View | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1976 | 1975 | 1978 |
| Median Number of Rooms | 4.0 | 5.0 | 5.5 |
The typical housing unit in Mountain View was built around 1976. On average, 2.4 people live in a home with about 4.0 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Mountain View, California.
What is the median home price in Mountain View, California?
The median home price in Mountain View, California is $2,000,000, higher than the California average of $642,203.
What is the average home price in Mountain View, 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 Mountain View, California?
The median gross rent in Mountain View, California is $2,982 per month, higher than the California average of $1,955.
What was the median gross rent in Mountain View in 2020?
In 2020, the median gross rent in Mountain View, California was $2,498 per month.
What is the price-to-rent ratio in Mountain View, California?
The price-to-rent ratio in Mountain View, California is about 55.9, meaning it would take roughly 55.9 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 Mountain View.
Are home prices or rent rising faster in Mountain View, California?
Both home prices and rent are rising in Mountain View, up about 13.6% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mountain View, California?
35.3% of households in Mountain View, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Mountain View, California?
The housing vacancy rate in Mountain View, California is 9.9%, higher than the California average of 7.6%.