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 Pablo | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,502 | $642,203 | $242,182 |
| Price Trend (Annual %) | 3.7% | 10.0% | 8.2% |
| Median Gross Rent | $1,888 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 7.5% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in San Pablo is about 30% lower than in California. Rent is about 3% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2019
Median Rent Prices, 2015-2023
Both home prices and rent are rising in San Pablo, up about 3.7% and 7.5% a year respectively. Rent is changing faster.
Median rent in San Pablo rose about 71.3% between 2015 and 2023, from $1,102 to $1,888. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in San Pablo.
Buying the median-priced home in San Pablo costs roughly 19.9 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 Pablo. The price-to-rent ratio in California is about 27.4.
| Metric | San Pablo | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,502 | $642,203 | $242,182 |
| Median Household Income | $80,624 | $96,718 | $78,145 |
| Price-to-Income Ratio | 5.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2019, the median home price in San Pablo rose about 103.4%, while median household income rose about 70.5% 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 Pablo | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.4% | 51.6% | 58.2% |
| Rental Rate | 52.5% | 40.9% | 31.3% |
| Vacancy Rate | 3.1% | 7.6% | 10.6% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
San Pablo has a homeownership rate of 44.4%, lower than the California average of 51.6%. Its housing vacancy rate is 3.1%, compared with 7.6% in California.
Housing Stock
| Metric | San Pablo | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.19 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1968 | 1975 | 1978 |
| Median Number of Rooms | 4.4 | 5.0 | 5.5 |
The typical housing unit in San Pablo was built around 1968. On average, 3.2 people live in a home with about 4.4 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in San Pablo, California.
What is the median home price in San Pablo, California?
The median home price in San Pablo, California is $450,502, lower than the California average of $642,203.
What is the average home price in San Pablo, 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 Pablo, California?
The median gross rent in San Pablo, California is $1,888 per month, lower than the California average of $1,955.
What was the median gross rent in San Pablo in 2020?
In 2020, the median gross rent in San Pablo, California was $1,571 per month.
What is the price-to-rent ratio in San Pablo, California?
The price-to-rent ratio in San Pablo, California is about 19.9, meaning it would take roughly 19.9 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 Pablo.
Are home prices or rent rising faster in San Pablo, California?
Both home prices and rent are rising in San Pablo, up about 3.7% and 7.5% a year respectively. Rent is changing faster.
What is the homeownership rate in San Pablo, California?
44.4% of households in San Pablo, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in San Pablo, California?
The housing vacancy rate in San Pablo, California is 3.1%, lower than the California average of 7.6%.