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 | Rancho Cucamonga | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $769,547 | $642,203 | $242,182 |
| Price Trend (Annual %) | 17.8% | 10.0% | 8.2% |
| Median Gross Rent | $2,285 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.6% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rancho Cucamonga is about 20% higher than in California. Rent is about 17% 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 Rancho Cucamonga, up about 17.8% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Rancho Cucamonga rose about 51.9% between 2015 and 2023, from $1,505 to $2,285. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 7.1 yearly household incomes in Rancho Cucamonga.
Buying the median-priced home in Rancho Cucamonga costs roughly 28.1 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 Rancho Cucamonga. The price-to-rent ratio in California is about 27.4.
| Metric | Rancho Cucamonga | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $769,547 | $642,203 | $242,182 |
| Median Household Income | $109,109 | $96,718 | $78,145 |
| Price-to-Income Ratio | 7.1 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Rancho Cucamonga rose about 144.2%, while median household income rose about 38.6% 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 | Rancho Cucamonga | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.2% | 51.6% | 58.2% |
| Rental Rate | 35.5% | 40.9% | 31.3% |
| Vacancy Rate | 3.3% | 7.6% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Rancho Cucamonga has a homeownership rate of 61.2%, higher than the California average of 51.6%. Its housing vacancy rate is 3.3%, compared with 7.6% in California.
Housing Stock
| Metric | Rancho Cucamonga | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.96 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1988 | 1975 | 1978 |
| Median Number of Rooms | 5.7 | 5.0 | 5.5 |
The typical housing unit in Rancho Cucamonga was built around 1988. On average, 3.0 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rancho Cucamonga, California.
What is the median home price in Rancho Cucamonga, California?
The median home price in Rancho Cucamonga, California is $769,547, higher than the California average of $642,203.
What is the average home price in Rancho Cucamonga, 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 Rancho Cucamonga, California?
The median gross rent in Rancho Cucamonga, California is $2,285 per month, higher than the California average of $1,955.
What was the median gross rent in Rancho Cucamonga in 2020?
In 2020, the median gross rent in Rancho Cucamonga, California was $1,854 per month.
What is the price-to-rent ratio in Rancho Cucamonga, California?
The price-to-rent ratio in Rancho Cucamonga, California is about 28.1, meaning it would take roughly 28.1 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 Rancho Cucamonga.
Are home prices or rent rising faster in Rancho Cucamonga, California?
Both home prices and rent are rising in Rancho Cucamonga, up about 17.8% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rancho Cucamonga, California?
61.2% of households in Rancho Cucamonga, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Rancho Cucamonga, California?
The housing vacancy rate in Rancho Cucamonga, California is 3.3%, lower than the California average of 7.6%.