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 | Tuolumne County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $373,507 | $642,203 | $242,182 |
| Price Trend (Annual %) | 8.3% | 10.0% | 8.2% |
| Median Gross Rent | $1,246 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 4.2% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tuolumne County is about 42% lower than in California. Rent is about 36% 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 Tuolumne County, up about 8.3% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Tuolumne County rose about 35.9% between 2015 and 2023, from $917 to $1,246. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in Tuolumne County.
Buying the median-priced home in Tuolumne County costs roughly 25.0 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 Tuolumne County. The price-to-rent ratio in California is about 27.4.
| Metric | Tuolumne County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $373,507 | $642,203 | $242,182 |
| Median Household Income | $73,444 | $96,718 | $78,145 |
| Price-to-Income Ratio | 5.1 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Tuolumne County rose about 75.4%, while median household income rose about 51.6% 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 | Tuolumne County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.7% | 51.6% | 58.2% |
| Rental Rate | 18.7% | 40.9% | 31.3% |
| Vacancy Rate | 27.6% | 7.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Tuolumne County has a homeownership rate of 53.7%, higher than the California average of 51.6%. Its housing vacancy rate is 27.6%, compared with 7.6% in California.
Housing Stock
| Metric | Tuolumne County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1980 | 1975 | 1978 |
| Median Number of Rooms | 5.0 | 5.0 | 5.5 |
The typical housing unit in Tuolumne County was built around 1980. On average, 2.3 people live in a home with about 5.0 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tuolumne County, California.
What is the median home price in Tuolumne County, California?
The median home price in Tuolumne County, California is $373,507, lower than the California average of $642,203.
What is the average home price in Tuolumne 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 Tuolumne County, California?
The median gross rent in Tuolumne County, California is $1,246 per month, lower than the California average of $1,955.
What was the median gross rent in Tuolumne County in 2020?
In 2020, the median gross rent in Tuolumne County, California was $1,025 per month.
What is the price-to-rent ratio in Tuolumne County, California?
The price-to-rent ratio in Tuolumne County, California is about 25.0, meaning it would take roughly 25.0 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 Tuolumne County.
Are home prices or rent rising faster in Tuolumne County, California?
Both home prices and rent are rising in Tuolumne County, up about 8.3% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tuolumne County, California?
53.7% of households in Tuolumne County, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Tuolumne County, California?
The housing vacancy rate in Tuolumne County, California is 27.6%, higher than the California average of 7.6%.