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 | Rohnert Park | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $197,527 | $642,203 | $242,182 |
| Price Trend (Annual %) | 12.0% | 10.0% | 8.2% |
| Median Gross Rent | $2,135 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.7% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rohnert Park is about 69% lower than in California. Rent is about 9% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Rohnert Park, up about 12.0% and 6.7% a year respectively. Home prices are changing faster.
Median rent in Rohnert Park rose about 67.5% between 2015 and 2023, from $1,274 to $2,135. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Rohnert Park.
Buying the median-priced home in Rohnert Park costs roughly 7.7 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 Rohnert Park. The price-to-rent ratio in California is about 27.4.
| Metric | Rohnert Park | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $197,527 | $642,203 | $242,182 |
| Median Household Income | $96,769 | $96,718 | $78,145 |
| Price-to-Income Ratio | 2.0 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2023, the median home price in Rohnert Park fell about 55.9%, while median household income rose about 66.8% 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 | Rohnert Park | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.0% | 51.6% | 58.2% |
| Rental Rate | 48.6% | 40.9% | 31.3% |
| Vacancy Rate | 3.4% | 7.6% | 10.6% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Rohnert Park has a homeownership rate of 48.0%, lower than the California average of 51.6%. Its housing vacancy rate is 3.4%, compared with 7.6% in California.
Housing Stock
| Metric | Rohnert Park | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1982 | 1975 | 1978 |
| Median Number of Rooms | 4.8 | 5.0 | 5.5 |
The typical housing unit in Rohnert Park was built around 1982. On average, 2.6 people live in a home with about 4.8 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rohnert Park, California.
What is the median home price in Rohnert Park, California?
The median home price in Rohnert Park, California is $197,527, lower than the California average of $642,203.
What is the average home price in Rohnert Park, 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 Rohnert Park, California?
The median gross rent in Rohnert Park, California is $2,135 per month, higher than the California average of $1,955.
What was the median gross rent in Rohnert Park in 2020?
In 2020, the median gross rent in Rohnert Park, California was $1,739 per month.
What is the price-to-rent ratio in Rohnert Park, California?
The price-to-rent ratio in Rohnert Park, California is about 7.7, meaning it would take roughly 7.7 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 Rohnert Park.
Are home prices or rent rising faster in Rohnert Park, California?
Both home prices and rent are rising in Rohnert Park, up about 12.0% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rohnert Park, California?
48.0% of households in Rohnert Park, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Rohnert Park, California?
The housing vacancy rate in Rohnert Park, California is 3.4%, lower than the California average of 7.6%.