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 | Rialto | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $90,219 | $642,203 | $242,182 |
| Price Trend (Annual %) | -4.3% | 10.0% | 8.2% |
| Median Gross Rent | $1,619 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.4% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rialto is about 86% lower than in California. Rent is about 17% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Rialto: home prices fell about 4.3% a year while rent rose about 5.4% a year. That is an unusual pattern worth watching.
Median rent in Rialto rose about 46.9% between 2015 and 2023, from $1,102 to $1,619. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Rialto.
Buying the median-priced home in Rialto costs roughly 4.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Rialto. The price-to-rent ratio in California is about 27.4.
| Metric | Rialto | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $90,219 | $642,203 | $242,182 |
| Median Household Income | $87,010 | $96,718 | $78,145 |
| Price-to-Income Ratio | 1.0 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Rialto fell about 52.4%, while median household income rose about 74.5% 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 | Rialto | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.7% | 51.6% | 58.2% |
| Rental Rate | 31.8% | 40.9% | 31.3% |
| Vacancy Rate | 3.5% | 7.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Rialto has a homeownership rate of 64.7%, higher than the California average of 51.6%. Its housing vacancy rate is 3.5%, compared with 7.6% in California.
Housing Stock
| Metric | Rialto | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.82 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1977 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 5.0 | 5.5 |
The typical housing unit in Rialto was built around 1977. On average, 3.8 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rialto, California.
What is the median home price in Rialto, California?
The median home price in Rialto, California is $90,219, lower than the California average of $642,203.
What is the average home price in Rialto, 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 Rialto, California?
The median gross rent in Rialto, California is $1,619 per month, lower than the California average of $1,955.
What was the median gross rent in Rialto in 2020?
In 2020, the median gross rent in Rialto, California was $1,299 per month.
What is the price-to-rent ratio in Rialto, California?
The price-to-rent ratio in Rialto, California is about 4.6, meaning it would take roughly 4.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Rialto.
Are home prices or rent rising faster in Rialto, California?
Home prices and rent are moving in opposite directions in Rialto: home prices fell about 4.3% a year while rent rose about 5.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Rialto, California?
64.7% of households in Rialto, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Rialto, California?
The housing vacancy rate in Rialto, California is 3.5%, lower than the California average of 7.6%.