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 | Shasta County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $277,273 | $642,203 | $242,182 |
| Price Trend (Annual %) | 5.9% | 10.0% | 8.2% |
| Median Gross Rent | $1,267 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 4.3% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Shasta County is about 57% lower than in California. Rent is about 35% 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 Shasta County, up about 5.9% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Shasta County rose about 36.9% between 2015 and 2023, from $926 to $1,267. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Shasta County.
Buying the median-priced home in Shasta County costs roughly 18.2 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 Shasta County. The price-to-rent ratio in California is about 27.4.
| Metric | Shasta County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $277,273 | $642,203 | $242,182 |
| Median Household Income | $72,088 | $96,718 | $78,145 |
| Price-to-Income Ratio | 3.8 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Shasta County rose about 55.0%, while median household income rose about 61.1% between 2009 and 2023 — 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 | Shasta County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.6% | 51.6% | 58.2% |
| Rental Rate | 31.1% | 40.9% | 31.3% |
| Vacancy Rate | 10.4% | 7.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Shasta County has a homeownership rate of 58.6%, higher than the California average of 51.6%. Its housing vacancy rate is 10.4%, compared with 7.6% in California.
Housing Stock
| Metric | Shasta County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1981 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 5.0 | 5.5 |
The typical housing unit in Shasta County was built around 1981. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Shasta County, California.
What is the median home price in Shasta County, California?
The median home price in Shasta County, California is $277,273, lower than the California average of $642,203.
What is the average home price in Shasta 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 Shasta County, California?
The median gross rent in Shasta County, California is $1,267 per month, lower than the California average of $1,955.
What was the median gross rent in Shasta County in 2020?
In 2020, the median gross rent in Shasta County, California was $1,075 per month.
What is the price-to-rent ratio in Shasta County, California?
The price-to-rent ratio in Shasta County, California is about 18.2, meaning it would take roughly 18.2 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 Shasta County.
Are home prices or rent rising faster in Shasta County, California?
Both home prices and rent are rising in Shasta County, up about 5.9% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Shasta County, California?
58.6% of households in Shasta County, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Shasta County, California?
The housing vacancy rate in Shasta County, California is 10.4%, higher than the California average of 7.6%.