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 | Tehama County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $243,845 | $642,203 | $242,182 |
| Price Trend (Annual %) | 4.6% | 10.0% | 8.2% |
| Median Gross Rent | $1,158 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.8% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tehama County is about 62% lower than in California. Rent is about 41% 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 Tehama County, up about 4.6% and 5.8% a year respectively. Rent is changing faster.
Median rent in Tehama County rose about 48.3% between 2015 and 2023, from $781 to $1,158. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Tehama County.
Buying the median-priced home in Tehama County costs roughly 17.5 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 Tehama County. The price-to-rent ratio in California is about 27.4.
| Metric | Tehama County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $243,845 | $642,203 | $242,182 |
| Median Household Income | $62,018 | $96,718 | $78,145 |
| Price-to-Income Ratio | 3.9 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Tehama County rose about 46.7%, while median household income rose about 66.6% 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 | Tehama County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.4% | 51.6% | 58.2% |
| Rental Rate | 29.0% | 40.9% | 31.3% |
| Vacancy Rate | 10.7% | 7.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Tehama County has a homeownership rate of 60.4%, higher than the California average of 51.6%. Its housing vacancy rate is 10.7%, compared with 7.6% in California.
Housing Stock
| Metric | Tehama County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1980 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 5.0 | 5.5 |
The typical housing unit in Tehama County was built around 1980. On average, 2.6 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tehama County, California.
What is the median home price in Tehama County, California?
The median home price in Tehama County, California is $243,845, lower than the California average of $642,203.
What is the average home price in Tehama 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 Tehama County, California?
The median gross rent in Tehama County, California is $1,158 per month, lower than the California average of $1,955.
What was the median gross rent in Tehama County in 2020?
In 2020, the median gross rent in Tehama County, California was $971 per month.
What is the price-to-rent ratio in Tehama County, California?
The price-to-rent ratio in Tehama County, California is about 17.5, meaning it would take roughly 17.5 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 Tehama County.
Are home prices or rent rising faster in Tehama County, California?
Both home prices and rent are rising in Tehama County, up about 4.6% and 5.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Tehama County, California?
60.4% of households in Tehama County, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Tehama County, California?
The housing vacancy rate in Tehama County, California is 10.7%, higher than the California average of 7.6%.