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 | Yorba Linda | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,046,379 | $642,203 | $242,182 |
| Price Trend (Annual %) | 10.7% | 10.0% | 8.2% |
| Median Gross Rent | $2,788 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.8% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Yorba Linda is about 63% higher than in California. Rent is about 43% 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 Yorba Linda, up about 10.7% and 6.8% a year respectively. Home prices are changing faster.
Median rent in Yorba Linda rose about 62.0% between 2015 and 2023, from $1,722 to $2,788. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 6.9 yearly household incomes in Yorba Linda.
Buying the median-priced home in Yorba Linda costs roughly 31.3 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 Yorba Linda. The price-to-rent ratio in California is about 27.4.
| Metric | Yorba Linda | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,046,379 | $642,203 | $242,182 |
| Median Household Income | $152,713 | $96,718 | $78,145 |
| Price-to-Income Ratio | 6.9 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Yorba Linda rose about 94.5%, while median household income rose about 37.4% 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 | Yorba Linda | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.0% | 51.6% | 58.2% |
| Rental Rate | 17.1% | 40.9% | 31.3% |
| Vacancy Rate | 4.9% | 7.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Yorba Linda has a homeownership rate of 78.0%, higher than the California average of 51.6%. Its housing vacancy rate is 4.9%, compared with 7.6% in California.
Housing Stock
| Metric | Yorba Linda | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.94 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1985 | 1975 | 1978 |
| Median Number of Rooms | 6.4 | 5.0 | 5.5 |
The typical housing unit in Yorba Linda was built around 1985. On average, 2.9 people live in a home with about 6.4 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Yorba Linda, California.
What is the median home price in Yorba Linda, California?
The median home price in Yorba Linda, California is $1,046,379, higher than the California average of $642,203.
What is the average home price in Yorba Linda, 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 Yorba Linda, California?
The median gross rent in Yorba Linda, California is $2,788 per month, higher than the California average of $1,955.
What was the median gross rent in Yorba Linda in 2020?
In 2020, the median gross rent in Yorba Linda, California was $2,258 per month.
What is the price-to-rent ratio in Yorba Linda, California?
The price-to-rent ratio in Yorba Linda, California is about 31.3, meaning it would take roughly 31.3 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 Yorba Linda.
Are home prices or rent rising faster in Yorba Linda, California?
Both home prices and rent are rising in Yorba Linda, up about 10.7% and 6.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Yorba Linda, California?
78.0% of households in Yorba Linda, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Yorba Linda, California?
The housing vacancy rate in Yorba Linda, California is 4.9%, lower than the California average of 7.6%.