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 | Vacaville | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $435,380 | $642,203 | $242,182 |
| Price Trend (Annual %) | 4.0% | 10.0% | 8.2% |
| Median Gross Rent | $2,190 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.6% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Vacaville is about 32% lower than in California. Rent is about 12% higher 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 Vacaville, up about 4.0% and 6.6% a year respectively. Rent is changing faster.
Median rent in Vacaville rose about 60.6% between 2015 and 2023, from $1,364 to $2,190. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Vacaville.
Buying the median-priced home in Vacaville costs roughly 16.6 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 Vacaville. The price-to-rent ratio in California is about 27.4.
| Metric | Vacaville | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $435,380 | $642,203 | $242,182 |
| Median Household Income | $104,497 | $96,718 | $78,145 |
| Price-to-Income Ratio | 4.2 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Vacaville rose about 53.7%, while median household income rose about 54.1% between 2009 and 2023 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Vacaville | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.9% | 51.6% | 58.2% |
| Rental Rate | 33.1% | 40.9% | 31.3% |
| Vacancy Rate | 5.0% | 7.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Vacaville has a homeownership rate of 61.9%, higher than the California average of 51.6%. Its housing vacancy rate is 5.0%, compared with 7.6% in California.
Housing Stock
| Metric | Vacaville | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.74 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1984 | 1975 | 1978 |
| Median Number of Rooms | 5.7 | 5.0 | 5.5 |
The typical housing unit in Vacaville was built around 1984. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Vacaville, California.
What is the median home price in Vacaville, California?
The median home price in Vacaville, California is $435,380, lower than the California average of $642,203.
What is the average home price in Vacaville, 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 Vacaville, California?
The median gross rent in Vacaville, California is $2,190 per month, higher than the California average of $1,955.
What was the median gross rent in Vacaville in 2020?
In 2020, the median gross rent in Vacaville, California was $1,727 per month.
What is the price-to-rent ratio in Vacaville, California?
The price-to-rent ratio in Vacaville, California is about 16.6, meaning it would take roughly 16.6 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 Vacaville.
Are home prices or rent rising faster in Vacaville, California?
Both home prices and rent are rising in Vacaville, up about 4.0% and 6.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Vacaville, California?
61.9% of households in Vacaville, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Vacaville, California?
The housing vacancy rate in Vacaville, California is 5.0%, lower than the California average of 7.6%.