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 | Rosemead | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,052,650 | $642,203 | $242,182 |
| Price Trend (Annual %) | 10.5% | 10.0% | 8.2% |
| Median Gross Rent | $1,733 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.4% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rosemead is about 64% higher than in California. Rent is about 11% lower 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 Rosemead, up about 10.5% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Rosemead rose about 47.4% between 2015 and 2023, from $1,176 to $1,733. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 14.6 yearly household incomes in Rosemead.
Buying the median-priced home in Rosemead costs roughly 50.6 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 Rosemead. The price-to-rent ratio in California is about 27.4.
| Metric | Rosemead | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,052,650 | $642,203 | $242,182 |
| Median Household Income | $72,283 | $96,718 | $78,145 |
| Price-to-Income Ratio | 14.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Rosemead rose about 206.7%, while median household income rose about 56.8% 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 | Rosemead | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.6% | 51.6% | 58.2% |
| Rental Rate | 49.3% | 40.9% | 31.3% |
| Vacancy Rate | 6.1% | 7.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Rosemead has a homeownership rate of 44.6%, lower than the California average of 51.6%. Its housing vacancy rate is 6.1%, compared with 7.6% in California.
Housing Stock
| Metric | Rosemead | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.48 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1959 | 1975 | 1978 |
| Median Number of Rooms | 4.6 | 5.0 | 5.5 |
The typical housing unit in Rosemead was built around 1959. On average, 3.5 people live in a home with about 4.6 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rosemead, California.
What is the median home price in Rosemead, California?
The median home price in Rosemead, California is $1,052,650, higher than the California average of $642,203.
What is the average home price in Rosemead, 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 Rosemead, California?
The median gross rent in Rosemead, California is $1,733 per month, lower than the California average of $1,955.
What was the median gross rent in Rosemead in 2020?
In 2020, the median gross rent in Rosemead, California was $1,402 per month.
What is the price-to-rent ratio in Rosemead, California?
The price-to-rent ratio in Rosemead, California is about 50.6, meaning it would take roughly 50.6 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 Rosemead.
Are home prices or rent rising faster in Rosemead, California?
Both home prices and rent are rising in Rosemead, up about 10.5% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rosemead, California?
44.6% of households in Rosemead, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Rosemead, California?
The housing vacancy rate in Rosemead, California is 6.1%, lower than the California average of 7.6%.