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 | Rowland Heights | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,115,098 | $642,203 | $242,182 |
| Price Trend (Annual %) | 20.0% | 10.0% | 8.2% |
| Median Gross Rent | $1,917 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 4.2% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rowland Heights is about 74% higher than in California. Rent is about 2% 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 Rowland Heights, up about 20.0% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Rowland Heights rose about 38.5% between 2015 and 2023, from $1,384 to $1,917. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 12.7 yearly household incomes in Rowland Heights.
Buying the median-priced home in Rowland Heights costs roughly 48.5 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 Rowland Heights. The price-to-rent ratio in California is about 27.4.
| Metric | Rowland Heights | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,115,098 | $642,203 | $242,182 |
| Median Household Income | $88,090 | $96,718 | $78,145 |
| Price-to-Income Ratio | 12.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Rowland Heights rose about 135.3%, while median household income rose about 28.9% 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 | Rowland Heights | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.2% | 51.6% | 58.2% |
| Rental Rate | 32.4% | 40.9% | 31.3% |
| Vacancy Rate | 4.5% | 7.6% | 10.6% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Rowland Heights has a homeownership rate of 63.2%, higher than the California average of 51.6%. Its housing vacancy rate is 4.5%, compared with 7.6% in California.
Housing Stock
| Metric | Rowland Heights | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.10 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1974 | 1975 | 1978 |
| Median Number of Rooms | 5.5 | 5.0 | 5.5 |
The typical housing unit in Rowland Heights was built around 1974. On average, 3.1 people live in a home with about 5.5 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rowland Heights, California.
What is the median home price in Rowland Heights, California?
The median home price in Rowland Heights, California is $1,115,098, higher than the California average of $642,203.
What is the average home price in Rowland Heights, 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 Rowland Heights, California?
The median gross rent in Rowland Heights, California is $1,917 per month, lower than the California average of $1,955.
What was the median gross rent in Rowland Heights in 2020?
In 2020, the median gross rent in Rowland Heights, California was $1,617 per month.
What is the price-to-rent ratio in Rowland Heights, California?
The price-to-rent ratio in Rowland Heights, California is about 48.5, meaning it would take roughly 48.5 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 Rowland Heights.
Are home prices or rent rising faster in Rowland Heights, California?
Both home prices and rent are rising in Rowland Heights, up about 20.0% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rowland Heights, California?
63.2% of households in Rowland Heights, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Rowland Heights, California?
The housing vacancy rate in Rowland Heights, California is 4.5%, lower than the California average of 7.6%.