Tracy, California Housing Market Prices
Tracy 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 33% above the California median$868,295
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Median rent 18% above the California median$2,408
Housing Market Overview
| Metric | Tracy | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $868,295 | $650,794 | $248,835 |
| Price Trend (Annual %) | 15.9% | 8.9% | 7.5% |
| Median Gross Rent | $2,408 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tracy is about 33% higher than in California. Rent is about 18% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Tracy, up about 15.9% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Tracy rose about 70.4% between 2015 and 2024, from $1,414 to $2,408. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 7.3 yearly household incomes in Tracy.
Buying the median-priced home in Tracy costs roughly 30.0 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 Tracy. The price-to-rent ratio in California is about 26.6.
| Metric | Tracy | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $868,295 | $650,794 | $248,835 |
| Median Household Income | $118,725 | $99,161 | $80,455 |
| Price-to-Income Ratio | 7.3 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tracy rose about 235.0%, while median household income rose about 52.4% between 2009 and 2025 — 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 | Tracy | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.8% | 51.7% | 58.5% |
| Rental Rate | 34.4% | 40.8% | 31.2% |
| Vacancy Rate | 3.8% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Tracy has a homeownership rate of 61.8%, higher than the California average of 51.7%. Its housing vacancy rate is 3.8%, compared with 7.5% in California.
Housing Stock
| Metric | Tracy | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.34 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1990 | 1975 | 1978 |
| Median Number of Rooms | 6.1 | 5.0 | 5.5 |
The typical housing unit in Tracy was built around 1990. On average, 3.3 people live in a home with about 6.1 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tracy, California.
What is the median home price in Tracy, California?
The median home price in Tracy, California is $868,295, higher than the California average of $650,794.
What is the average home price in Tracy, California?
The typical home price in Tracy, California, reported as the median sale price, is $868,295. 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 Tracy, California?
The median gross rent in Tracy, California is $2,408 per month, higher than the California average of $2,036.
What was the median gross rent in Tracy in 2020?
In 2020, the median gross rent in Tracy, California was $1,809 per month.
What is the price-to-rent ratio in Tracy, California?
The price-to-rent ratio in Tracy, California is about 30.0, meaning it would take roughly 30.0 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 Tracy.
Are home prices or rent rising faster in Tracy, California?
Both home prices and rent are rising in Tracy, up about 15.9% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tracy, California?
61.8% of households in Tracy, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Tracy, California?
The housing vacancy rate in Tracy, California is 3.8%, lower than the California average of 7.5%.
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