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 Jacinto | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $355,141 | $642,203 | $242,182 |
| Price Trend (Annual %) | 28.9% | 10.0% | 8.2% |
| Median Gross Rent | $1,522 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 7.3% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in San Jacinto is about 45% lower than in California. Rent is about 22% 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 Jacinto, up about 28.9% and 7.3% a year respectively. Home prices are changing faster.
Median rent in San Jacinto rose about 66.0% between 2015 and 2023, from $917 to $1,522. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in San Jacinto.
Buying the median-priced home in San Jacinto costs roughly 19.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in San Jacinto. The price-to-rent ratio in California is about 27.4.
| Metric | San Jacinto | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $355,141 | $642,203 | $242,182 |
| Median Household Income | $69,880 | $96,718 | $78,145 |
| Price-to-Income Ratio | 5.1 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in San Jacinto rose about 262.9%, while median household income rose about 71.1% 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 Jacinto | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.1% | 51.6% | 58.2% |
| Rental Rate | 28.1% | 40.9% | 31.3% |
| Vacancy Rate | 5.9% | 7.6% | 10.6% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
San Jacinto has a homeownership rate of 66.1%, higher than the California average of 51.6%. Its housing vacancy rate is 5.9%, compared with 7.6% in California.
Housing Stock
| Metric | San Jacinto | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.46 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1996 | 1975 | 1978 |
| Median Number of Rooms | 5.5 | 5.0 | 5.5 |
The typical housing unit in San Jacinto was built around 1996. On average, 3.5 people live in a home with about 5.5 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in San Jacinto, California.
What is the median home price in San Jacinto, California?
The median home price in San Jacinto, California is $355,141, lower than the California average of $642,203.
What is the average home price in San Jacinto, 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 Jacinto, California?
The median gross rent in San Jacinto, California is $1,522 per month, lower than the California average of $1,955.
What was the median gross rent in San Jacinto in 2020?
In 2020, the median gross rent in San Jacinto, California was $1,180 per month.
What is the price-to-rent ratio in San Jacinto, California?
The price-to-rent ratio in San Jacinto, California is about 19.4, meaning it would take roughly 19.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in San Jacinto.
Are home prices or rent rising faster in San Jacinto, California?
Both home prices and rent are rising in San Jacinto, up about 28.9% and 7.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in San Jacinto, California?
66.1% of households in San Jacinto, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in San Jacinto, California?
The housing vacancy rate in San Jacinto, California is 5.9%, lower than the California average of 7.6%.