Rancho Cordova, California Housing Market Prices
Rancho Cordova 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 25% below the California median$488,285
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Median rent 11% below the California median$1,807
Housing Market Overview
| Metric | Rancho Cordova | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $488,285 | $650,794 | $248,835 |
| Price Trend (Annual %) | 12.9% | 8.9% | 7.5% |
| Median Gross Rent | $1,807 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 8.0% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rancho Cordova is about 25% lower than in California. Rent is about 11% 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 Rancho Cordova, up about 12.9% and 8.0% a year respectively. Home prices are changing faster.
Median rent in Rancho Cordova rose about 88.7% between 2015 and 2024, from $958 to $1,807. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Rancho Cordova.
Buying the median-priced home in Rancho Cordova costs roughly 22.5 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 Rancho Cordova. The price-to-rent ratio in California is about 26.6.
| Metric | Rancho Cordova | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $488,285 | $650,794 | $248,835 |
| Median Household Income | $91,574 | $99,161 | $80,455 |
| Price-to-Income Ratio | 5.3 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rancho Cordova rose about 304.7%, while median household income rose about 65.1% 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 | Rancho Cordova | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.1% | 51.7% | 58.5% |
| Rental Rate | 39.9% | 40.8% | 31.2% |
| Vacancy Rate | 4.1% | 7.5% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Rancho Cordova has a homeownership rate of 56.1%, higher than the California average of 51.7%. Its housing vacancy rate is 4.1%, compared with 7.5% in California.
Housing Stock
| Metric | Rancho Cordova | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.90 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1983 | 1975 | 1978 |
| Median Number of Rooms | 5.3 | 5.0 | 5.5 |
The typical housing unit in Rancho Cordova was built around 1983. On average, 2.9 people live in a home with about 5.3 rooms, staying for about 11.0 years on average.
Rancho Cordova, CA Housing Compared With Nearby Cities
How Rancho Cordova, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Rancho Cordova, CA | 77,906 | $488,285 #1/2 | $1,807 #1/2 | 58.5% #1/2 |
| Carmichael, CA | 76,270 | $478,370 | $1,694 | 55.3% |
Frequently Asked Questions
Common questions about the housing market in Rancho Cordova, California.
What is the median home price in Rancho Cordova, California?
The median home price in Rancho Cordova, California is $488,285, lower than the California average of $650,794.
What is the average home price in Rancho Cordova, California?
The typical home price in Rancho Cordova, California, reported as the median sale price, is $488,285. 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 Rancho Cordova, California?
The median gross rent in Rancho Cordova, California is $1,807 per month, lower than the California average of $2,036.
What was the median gross rent in Rancho Cordova in 2020?
In 2020, the median gross rent in Rancho Cordova, California was $1,341 per month.
What is the price-to-rent ratio in Rancho Cordova, California?
The price-to-rent ratio in Rancho Cordova, California is about 22.5, meaning it would take roughly 22.5 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 Rancho Cordova.
Are home prices or rent rising faster in Rancho Cordova, California?
Both home prices and rent are rising in Rancho Cordova, up about 12.9% and 8.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rancho Cordova, California?
56.1% of households in Rancho Cordova, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Rancho Cordova, California?
The housing vacancy rate in Rancho Cordova, California is 4.1%, lower than the California average of 7.5%.
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