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 | San Bernardino | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $384,132 | $642,203 | $242,182 |
| Price Trend (Annual %) | 16.6% | 10.0% | 8.2% |
| Median Gross Rent | $1,440 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.1% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in San Bernardino is about 40% lower than in California. Rent is about 26% 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 San Bernardino, up about 16.6% and 6.1% a year respectively. Home prices are changing faster.
Median rent in San Bernardino rose about 53.0% between 2015 and 2023, from $941 to $1,440. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 5.9 yearly household incomes in San Bernardino.
Buying the median-priced home in San Bernardino costs roughly 22.2 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 San Bernardino. The price-to-rent ratio in California is about 27.4.
| Metric | San Bernardino | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $384,132 | $642,203 | $242,182 |
| Median Household Income | $64,695 | $96,718 | $78,145 |
| Price-to-Income Ratio | 5.9 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in San Bernardino rose about 185.4%, while median household income rose about 58.6% 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 | San Bernardino | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.9% | 51.6% | 58.2% |
| Rental Rate | 47.5% | 40.9% | 31.3% |
| Vacancy Rate | 4.7% | 7.6% | 10.6% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
San Bernardino has a homeownership rate of 47.9%, lower than the California average of 51.6%. Its housing vacancy rate is 4.7%, compared with 7.6% in California.
Housing Stock
| Metric | San Bernardino | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.41 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1971 | 1975 | 1978 |
| Median Number of Rooms | 4.9 | 5.0 | 5.5 |
The typical housing unit in San Bernardino was built around 1971. On average, 3.4 people live in a home with about 4.9 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in San Bernardino, California.
What is the median home price in San Bernardino, California?
The median home price in San Bernardino, California is $384,132, lower than the California average of $642,203.
What is the average home price in San Bernardino, 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 San Bernardino, California?
The median gross rent in San Bernardino, California is $1,440 per month, lower than the California average of $1,955.
What was the median gross rent in San Bernardino in 2020?
In 2020, the median gross rent in San Bernardino, California was $1,120 per month.
What is the price-to-rent ratio in San Bernardino, California?
The price-to-rent ratio in San Bernardino, California is about 22.2, meaning it would take roughly 22.2 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 San Bernardino.
Are home prices or rent rising faster in San Bernardino, California?
Both home prices and rent are rising in San Bernardino, up about 16.6% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in San Bernardino, California?
47.9% of households in San Bernardino, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in San Bernardino, California?
The housing vacancy rate in San Bernardino, California is 4.7%, lower than the California average of 7.6%.