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.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | San Joaquin County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $534,571 | $642,203 | $242,182 |
| Price Trend (Annual %) | 13.4% | 10.0% | 8.2% |
| Median Gross Rent | $1,633 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.4% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in San Joaquin County is about 17% lower than in California. Rent is about 16% 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 Joaquin County, up about 13.4% and 6.4% a year respectively. Home prices are changing faster.
Median rent in San Joaquin County rose about 59.4% between 2015 and 2023, from $1,024 to $1,633. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 6.0 yearly household incomes in San Joaquin County.
Buying the median-priced home in San Joaquin County costs roughly 27.3 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 Joaquin County. The price-to-rent ratio in California is about 27.4.
| Metric | San Joaquin County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $534,571 | $642,203 | $242,182 |
| Median Household Income | $89,472 | $96,718 | $78,145 |
| Price-to-Income Ratio | 6.0 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in San Joaquin County rose about 204.5%, while median household income rose about 63.2% 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 Joaquin County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.8% | 51.6% | 58.2% |
| Rental Rate | 36.2% | 40.9% | 31.3% |
| Vacancy Rate | 6.0% | 7.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
San Joaquin County has a homeownership rate of 57.8%, higher than the California average of 51.6%. Its housing vacancy rate is 6.0%, compared with 7.6% in California.
Housing Stock
| Metric | San Joaquin County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.20 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1982 | 1975 | 1978 |
| Median Number of Rooms | 5.5 | 5.0 | 5.5 |
The typical housing unit in San Joaquin County was built around 1982. On average, 3.2 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in San Joaquin County, California.
What is the median home price in San Joaquin County, California?
The median home price in San Joaquin County, California is $534,571, lower than the California average of $642,203.
What is the average home price in San Joaquin County, 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 Joaquin County, California?
The median gross rent in San Joaquin County, California is $1,633 per month, lower than the California average of $1,955.
What was the median gross rent in San Joaquin County in 2020?
In 2020, the median gross rent in San Joaquin County, California was $1,286 per month.
What is the price-to-rent ratio in San Joaquin County, California?
The price-to-rent ratio in San Joaquin County, California is about 27.3, meaning it would take roughly 27.3 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 Joaquin County.
Are home prices or rent rising faster in San Joaquin County, California?
Both home prices and rent are rising in San Joaquin County, up about 13.4% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in San Joaquin County, California?
57.8% of households in San Joaquin County, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in San Joaquin County, California?
The housing vacancy rate in San Joaquin County, California is 6.0%, lower than the California average of 7.6%.