San Lorenzo, California Housing Market Prices
San Lorenzo Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 63% below the California median$241,499
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Median rent 6% above the California median$2,158
Housing Market Overview
| Metric | San Lorenzo | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $241,499 | $650,794 | $248,835 |
| Price Trend (Annual %) | -4.4% | 8.9% | 7.5% |
| Median Gross Rent | $2,158 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in San Lorenzo is about 63% lower than in California. Rent is about 6% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in San Lorenzo: home prices fell about 4.4% a year while rent rose about 5.9% a year. That is an unusual pattern worth watching.
Median rent in San Lorenzo rose about 67.5% between 2015 and 2024, from $1,288 to $2,158. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in San Lorenzo.
Buying the median-priced home in San Lorenzo costs roughly 9.3 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 Lorenzo. The price-to-rent ratio in California is about 26.6.
| Metric | San Lorenzo | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $241,499 | $650,794 | $248,835 |
| Median Household Income | $111,304 | $99,161 | $80,455 |
| Price-to-Income Ratio | 2.2 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in San Lorenzo fell about 50.2%, while median household income rose about 66.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | San Lorenzo | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.7% | 51.7% | 58.5% |
| Rental Rate | 32.6% | 40.8% | 31.2% |
| Vacancy Rate | 2.7% | 7.5% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
San Lorenzo has a homeownership rate of 64.7%, higher than the California average of 51.7%. Its housing vacancy rate is 2.7%, compared with 7.5% in California.
Housing Stock
| Metric | San Lorenzo | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.35 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1956 | 1975 | 1978 |
| Median Number of Rooms | 5.2 | 5.0 | 5.5 |
The typical housing unit in San Lorenzo was built around 1956. On average, 3.3 people live in a home with about 5.2 rooms, staying for about 16.0 years on average.
San Lorenzo, CA Housing Compared With Nearby Cities
How San Lorenzo, CA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| San Lorenzo, CA | 28,612 | $241,499 #3/3 | $2,158 #3/3 | 66.5% #1/3 |
| San Leandro, CA | 87,097 | $663,442 | $2,183 | 57.5% |
| Hayward, CA | 153,435 | $634,595 | $2,385 | 58.2% |
Frequently Asked Questions
Common questions about the housing market in San Lorenzo, California.
What is the median home price in San Lorenzo, California?
The median home price in San Lorenzo, California is $241,499, lower than the California average of $650,794.
What is the average home price in San Lorenzo, California?
The typical home price in San Lorenzo, California, reported as the median sale price, is $241,499. 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 Lorenzo, California?
The median gross rent in San Lorenzo, California is $2,158 per month, higher than the California average of $2,036.
What was the median gross rent in San Lorenzo in 2020?
In 2020, the median gross rent in San Lorenzo, California was $1,790 per month.
What is the price-to-rent ratio in San Lorenzo, California?
The price-to-rent ratio in San Lorenzo, California is about 9.3, meaning it would take roughly 9.3 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 Lorenzo.
Are home prices or rent rising faster in San Lorenzo, California?
Home prices and rent are moving in opposite directions in San Lorenzo: home prices fell about 4.4% a year while rent rose about 5.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in San Lorenzo, California?
64.7% of households in San Lorenzo, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in San Lorenzo, California?
The housing vacancy rate in San Lorenzo, California is 2.7%, lower than the California average of 7.5%.
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