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 | Port Hueneme | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,999 | $642,203 | $242,182 |
| Price Trend (Annual %) | 4.8% | 10.0% | 8.2% |
| Median Gross Rent | $2,114 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.0% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Port Hueneme is about 30% lower than in California. Rent is about 8% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Port Hueneme, up about 4.8% and 5.0% a year respectively. Rent is changing faster.
Median rent in Port Hueneme rose about 41.6% between 2015 and 2023, from $1,493 to $2,114. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 5.8 yearly household incomes in Port Hueneme.
Buying the median-priced home in Port Hueneme costs roughly 17.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Port Hueneme. The price-to-rent ratio in California is about 27.4.
| Metric | Port Hueneme | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,999 | $642,203 | $242,182 |
| Median Household Income | $77,750 | $96,718 | $78,145 |
| Price-to-Income Ratio | 5.8 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Port Hueneme rose about 28.6%, while median household income rose about 41.9% 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 | Port Hueneme | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 41.2% | 51.6% | 58.2% |
| Rental Rate | 47.0% | 40.9% | 31.3% |
| Vacancy Rate | 11.9% | 7.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Port Hueneme has a homeownership rate of 41.2%, lower than the California average of 51.6%. Its housing vacancy rate is 11.9%, compared with 7.6% in California.
Housing Stock
| Metric | Port Hueneme | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1971 | 1975 | 1978 |
| Median Number of Rooms | 4.8 | 5.0 | 5.5 |
The typical housing unit in Port Hueneme was built around 1971. On average, 2.8 people live in a home with about 4.8 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Port Hueneme, California.
What is the median home price in Port Hueneme, California?
The median home price in Port Hueneme, California is $449,999, lower than the California average of $642,203.
What is the average home price in Port Hueneme, 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 Port Hueneme, California?
The median gross rent in Port Hueneme, California is $2,114 per month, higher than the California average of $1,955.
What was the median gross rent in Port Hueneme in 2020?
In 2020, the median gross rent in Port Hueneme, California was $1,693 per month.
What is the price-to-rent ratio in Port Hueneme, California?
The price-to-rent ratio in Port Hueneme, California is about 17.7, meaning it would take roughly 17.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Port Hueneme.
Are home prices or rent rising faster in Port Hueneme, California?
Both home prices and rent are rising in Port Hueneme, up about 4.8% and 5.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Port Hueneme, California?
41.2% of households in Port Hueneme, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Port Hueneme, California?
The housing vacancy rate in Port Hueneme, California is 11.9%, higher than the California average of 7.6%.