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 | Woodland | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $486,276 | $642,203 | $242,182 |
| Price Trend (Annual %) | 11.5% | 10.0% | 8.2% |
| Median Gross Rent | $1,503 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.1% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Woodland is about 24% lower than in California. Rent is about 23% 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 Woodland, up about 11.5% and 6.1% a year respectively. Home prices are changing faster.
Median rent in Woodland rose about 56.4% between 2015 and 2023, from $961 to $1,503. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in Woodland.
Buying the median-priced home in Woodland costs roughly 27.0 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 Woodland. The price-to-rent ratio in California is about 27.4.
| Metric | Woodland | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $486,276 | $642,203 | $242,182 |
| Median Household Income | $86,011 | $96,718 | $78,145 |
| Price-to-Income Ratio | 5.7 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Woodland rose about 121.7%, while median household income rose about 49.9% 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 | Woodland | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.5% | 51.6% | 58.2% |
| Rental Rate | 42.7% | 40.9% | 31.3% |
| Vacancy Rate | 3.8% | 7.6% | 10.6% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Woodland has a homeownership rate of 53.5%, higher than the California average of 51.6%. Its housing vacancy rate is 3.8%, compared with 7.6% in California.
Housing Stock
| Metric | Woodland | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.79 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1979 | 1975 | 1978 |
| Median Number of Rooms | 5.2 | 5.0 | 5.5 |
The typical housing unit in Woodland was built around 1979. On average, 2.8 people live in a home with about 5.2 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Woodland, California.
What is the median home price in Woodland, California?
The median home price in Woodland, California is $486,276, lower than the California average of $642,203.
What is the average home price in Woodland, 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 Woodland, California?
The median gross rent in Woodland, California is $1,503 per month, lower than the California average of $1,955.
What was the median gross rent in Woodland in 2020?
In 2020, the median gross rent in Woodland, California was $1,191 per month.
What is the price-to-rent ratio in Woodland, California?
The price-to-rent ratio in Woodland, California is about 27.0, meaning it would take roughly 27.0 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 Woodland.
Are home prices or rent rising faster in Woodland, California?
Both home prices and rent are rising in Woodland, up about 11.5% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Woodland, California?
53.5% of households in Woodland, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Woodland, California?
The housing vacancy rate in Woodland, California is 3.8%, lower than the California average of 7.6%.