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 Fernando | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $686,191 | $642,203 | $242,182 |
| Price Trend (Annual %) | 13.9% | 10.0% | 8.2% |
| Median Gross Rent | $1,689 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.2% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in San Fernando is about 7% higher than in California. Rent is about 14% 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 Fernando, up about 13.9% and 5.2% a year respectively. Home prices are changing faster.
Median rent in San Fernando rose about 45.0% between 2015 and 2023, from $1,165 to $1,689. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 8.3 yearly household incomes in San Fernando.
Buying the median-priced home in San Fernando costs roughly 33.9 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 Fernando. The price-to-rent ratio in California is about 27.4.
| Metric | San Fernando | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $686,191 | $642,203 | $242,182 |
| Median Household Income | $82,445 | $96,718 | $78,145 |
| Price-to-Income Ratio | 8.3 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in San Fernando rose about 130.9%, while median household income rose about 64.5% 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 Fernando | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.0% | 51.6% | 58.2% |
| Rental Rate | 35.4% | 40.9% | 31.3% |
| Vacancy Rate | 5.6% | 7.6% | 10.6% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
San Fernando has a homeownership rate of 59.0%, higher than the California average of 51.6%. Its housing vacancy rate is 5.6%, compared with 7.6% in California.
Housing Stock
| Metric | San Fernando | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.79 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1954 | 1975 | 1978 |
| Median Number of Rooms | 5.1 | 5.0 | 5.5 |
The typical housing unit in San Fernando was built around 1954. On average, 3.8 people live in a home with about 5.1 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in San Fernando, California.
What is the median home price in San Fernando, California?
The median home price in San Fernando, California is $686,191, higher than the California average of $642,203.
What is the average home price in San Fernando, 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 Fernando, California?
The median gross rent in San Fernando, California is $1,689 per month, lower than the California average of $1,955.
What was the median gross rent in San Fernando in 2020?
In 2020, the median gross rent in San Fernando, California was $1,392 per month.
What is the price-to-rent ratio in San Fernando, California?
The price-to-rent ratio in San Fernando, California is about 33.9, meaning it would take roughly 33.9 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 Fernando.
Are home prices or rent rising faster in San Fernando, California?
Both home prices and rent are rising in San Fernando, up about 13.9% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in San Fernando, California?
59.0% of households in San Fernando, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in San Fernando, California?
The housing vacancy rate in San Fernando, California is 5.6%, lower than the California average of 7.6%.