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 Dimas | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $188,041 | $642,203 | $242,182 |
| Price Trend (Annual %) | 9.8% | 10.0% | 8.2% |
| Median Gross Rent | $2,250 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.2% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in San Dimas is about 71% lower than in California. Rent is about 15% higher 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 Dimas, up about 9.8% and 5.2% a year respectively. Home prices are changing faster.
Median rent in San Dimas rose about 46.3% between 2015 and 2023, from $1,538 to $2,250. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in San Dimas.
Buying the median-priced home in San Dimas costs roughly 7.0 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 San Dimas. The price-to-rent ratio in California is about 27.4.
| Metric | San Dimas | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $188,041 | $642,203 | $242,182 |
| Median Household Income | $106,171 | $96,718 | $78,145 |
| Price-to-Income Ratio | 1.8 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in San Dimas rose about 61.6%, while median household income rose about 45.0% 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 Dimas | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.4% | 51.6% | 58.2% |
| Rental Rate | 27.9% | 40.9% | 31.3% |
| Vacancy Rate | 1.7% | 7.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
San Dimas has a homeownership rate of 70.4%, higher than the California average of 51.6%. Its housing vacancy rate is 1.7%, compared with 7.6% in California.
Housing Stock
| Metric | San Dimas | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.77 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1972 | 1975 | 1978 |
| Median Number of Rooms | 5.8 | 5.0 | 5.5 |
The typical housing unit in San Dimas was built around 1972. On average, 2.8 people live in a home with about 5.8 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in San Dimas, California.
What is the median home price in San Dimas, California?
The median home price in San Dimas, California is $188,041, lower than the California average of $642,203.
What is the average home price in San Dimas, 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 Dimas, California?
The median gross rent in San Dimas, California is $2,250 per month, higher than the California average of $1,955.
What was the median gross rent in San Dimas in 2020?
In 2020, the median gross rent in San Dimas, California was $1,822 per month.
What is the price-to-rent ratio in San Dimas, California?
The price-to-rent ratio in San Dimas, California is about 7.0, meaning it would take roughly 7.0 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 San Dimas.
Are home prices or rent rising faster in San Dimas, California?
Both home prices and rent are rising in San Dimas, up about 9.8% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in San Dimas, California?
70.4% of households in San Dimas, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in San Dimas, California?
The housing vacancy rate in San Dimas, California is 1.7%, lower than the California average of 7.6%.