Phelan, California Housing Market Prices
Phelan 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 6% below the California median$610,619
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Median rent 27% below the California median$1,494
Housing Market Overview
| Metric | Phelan | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $610,619 | $650,794 | $248,835 |
| Price Trend (Annual %) | 27.5% | 8.9% | 7.5% |
| Median Gross Rent | $1,494 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Phelan is about 6% lower than in California. Rent is about 27% 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 Phelan, up about 27.5% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Phelan rose about 58.2% between 2015 and 2024, from $944 to $1,494. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 7.4 yearly household incomes in Phelan.
Buying the median-priced home in Phelan costs roughly 34.1 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 Phelan. The price-to-rent ratio in California is about 26.6.
| Metric | Phelan | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $610,619 | $650,794 | $248,835 |
| Median Household Income | $82,890 | $99,161 | $80,455 |
| Price-to-Income Ratio | 7.4 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Phelan rose about 367.9%, while median household income rose about 20.3% 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 | Phelan | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.3% | 51.7% | 58.5% |
| Rental Rate | 16.7% | 40.8% | 31.2% |
| Vacancy Rate | 6.0% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Phelan has a homeownership rate of 77.3%, higher than the California average of 51.7%. Its housing vacancy rate is 6.0%, compared with 7.5% in California.
Housing Stock
| Metric | Phelan | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.54 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1991 | 1975 | 1978 |
| Median Number of Rooms | 6.2 | 5.0 | 5.5 |
The typical housing unit in Phelan was built around 1991. On average, 3.5 people live in a home with about 6.2 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Phelan, California.
What is the median home price in Phelan, California?
The median home price in Phelan, California is $610,619, lower than the California average of $650,794.
What is the average home price in Phelan, California?
The typical home price in Phelan, California, reported as the median sale price, is $610,619. 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 Phelan, California?
The median gross rent in Phelan, California is $1,494 per month, lower than the California average of $2,036.
What was the median gross rent in Phelan in 2020?
In 2020, the median gross rent in Phelan, California was $1,209 per month.
What is the price-to-rent ratio in Phelan, California?
The price-to-rent ratio in Phelan, California is about 34.1, meaning it would take roughly 34.1 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 Phelan.
Are home prices or rent rising faster in Phelan, California?
Both home prices and rent are rising in Phelan, up about 27.5% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Phelan, California?
77.3% of households in Phelan, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Phelan, California?
The housing vacancy rate in Phelan, California is 6.0%, lower than the California average of 7.5%.
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