Wasco, California Housing Market Prices
Wasco 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 55% below the California median$290,280
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Median rent 46% below the California median$1,091
Housing Market Overview
| Metric | Wasco | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $290,280 | $650,794 | $248,835 |
| Price Trend (Annual %) | 10.7% | 8.9% | 7.5% |
| Median Gross Rent | $1,091 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wasco is about 55% lower than in California. Rent is about 46% lower 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 Wasco, up about 10.7% and 6.1% a year respectively. Home prices are changing faster.
Median rent in Wasco rose about 61.1% between 2015 and 2024, from $677 to $1,091. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 5.9 yearly household incomes in Wasco.
Buying the median-priced home in Wasco costs roughly 22.2 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 Wasco. The price-to-rent ratio in California is about 26.6.
| Metric | Wasco | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $290,280 | $650,794 | $248,835 |
| Median Household Income | $49,208 | $99,161 | $80,455 |
| Price-to-Income Ratio | 5.9 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wasco rose about 109.9%, while median household income rose about 19.5% 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 | Wasco | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.9% | 51.7% | 58.5% |
| Rental Rate | 41.2% | 40.8% | 31.2% |
| Vacancy Rate | 6.9% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Wasco has a homeownership rate of 51.9%, about the same as the California average of 51.7%. Its housing vacancy rate is 6.9%, compared with 7.5% in California.
Housing Stock
| Metric | Wasco | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.52 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1984 | 1975 | 1978 |
| Median Number of Rooms | 4.8 | 5.0 | 5.5 |
The typical housing unit in Wasco was built around 1984. On average, 3.5 people live in a home with about 4.8 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Wasco, California.
What is the median home price in Wasco, California?
The median home price in Wasco, California is $290,280, lower than the California average of $650,794.
What is the average home price in Wasco, California?
The typical home price in Wasco, California, reported as the median sale price, is $290,280. 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 Wasco, California?
The median gross rent in Wasco, California is $1,091 per month, lower than the California average of $2,036.
What was the median gross rent in Wasco in 2020?
In 2020, the median gross rent in Wasco, California was $784 per month.
What is the price-to-rent ratio in Wasco, California?
The price-to-rent ratio in Wasco, California is about 22.2, meaning it would take roughly 22.2 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 Wasco.
Are home prices or rent rising faster in Wasco, California?
Both home prices and rent are rising in Wasco, up about 10.7% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wasco, California?
51.9% of households in Wasco, California own their home, about the same as the California average.
What is the vacancy rate in Wasco, California?
The housing vacancy rate in Wasco, California is 6.9%, lower than the California average of 7.5%.
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